Since first starting the business, Intrinsic’s story is one of continual success. So much so that in 2014 Old Mutual Wealth acquired the business.
In Old Mutual Wealth we have a like-minded, financially strong partner, who not only shares our belief in the importance of advice but also our vision for the future of Intrinsic. A vision where we continue to create a business that works in partnership with advisers, offers the highest level of support and expertise and enables advisers to advise and provide their customers with exactly what they need.
An Exciting Future For Old Mutual Wealth
The Old Mutual Wealth group is currently part of Old Mutual plc which provides investment, savings, insurance and banking services in Africa, Europe, the Americas and Asia. In March 2016, Old Mutual plc announced a ‘managed separation’ strategy, which aims to separate its underlying businesses and unlock value within the Group structure.
As part of this strategy, it is planned that Old Mutual Wealth Limited will be listed on the London and Johannesburg stock exchanges in its own right. This reflects its size and the fact that it is already a leading wealth management business in the UK and internationally, currently managing £131.3 billion of investors’ money (as at 30 September 2017). Listing is due to happen during 2018, with exact timings yet to be confirmed.
New Holding Company Name
On 15 November 2017, Old Mutual Wealth announced that the name of our group holding company is changing, from Old Mutual Wealth Management Limited to Quilter plc. The change of name will be gradual, starting with listing, though you may also see it introduced in one or two places such as sponsorship. This announcement has no impact on your investments.