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Quilter completes £46m Lighthouse deal

Quilter completes £46m Lighthouse deal.

Quilter has completed its acquisition of advice company and network, Lighthouse in a deal worth £46.2m.

The acquisition will see 400 advisers join Quilter's advice arm, meaning the Wealth Manager will have a total of 3,900 advisers - as many as St James's Place.

The two companies confirmed they would be "working closely" on their integration plans over the coming months.

Quilter chief executive Mr Thompson said: "I’m delighted to welcome the clients, advisers and staff of Lighthouse to Quilter and Intrinsic.