Intrinsic confirms Caerus take-over

300 advisers added to network

Julian Marr
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Keith Carby: "The transaction is testament to the quality of what our staff and advisers have produced and confirmation of its value."
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Keith Carby: "The transaction is testament to the quality of what our staff and advisers have produced and confirmation of its value."

Old Mutual Wealth's Intrinsic has been boosted by the addition of 300 advisers after the acquisition of fellow adviser network Caerus Capital Group received shareholder and regulatory approval.

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...

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