Intrinsic confirms Caerus take-over

The acquisition, which means some 3,700 advisers are now authorised through Intrinsic, will see Caerus become a wholly-owned subsidiary. Intrinsic confirmed Caerus advisers would be adopting its advice process over a phased transition, which will be managed on a firm-by-firm basis. It added that, following completion, Caerus chairman and chief executive Keith Carby would leave the business while managing director Andy Ferns would stay with the company to support a smooth transition. Carby (pictured) said: "I would like to thank all our staff and advisers who have built Caerus and h...