Quilter to buy 400 adviser-strong Lighthouse Group for £42m

The deal, which has the backing of Lighthouse's executive and top three shareholders, would see Quilter and its advice arm Intrinsic grow to more than 3,900 financial advisers. Quilter is paying £46.2m in total for Lighthouse but the advice network has £4m in excess cash on its balance sheet, so will in effect be paying £42.2m. Lighthouse is perhaps best known for its affinity services, which means it is the preferred provider of financial advice to 23 groups, including the likes of The Royal College of Nursing and British Airways Clubs, which have a total of six million members.  Lig...