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Deals Of The Day: The Latest In Wealth Management M&A – Old Mill
Editorial Staff
22 May 2023
Old Mill This is the second in a series of deals by Old Mill to double its business size by 2026. In June last year it bought Brook Financial.
, a UK accountancy and financial advisory business, has bought commercial property pension specialist Quro Financial Solutions, a firm in the southwest region of the UK.
The financial terms were not disclosed.
Quro Financial Solutions was launched by husband-and-wife team Matt and Bren Johnson in 2011 when they saw a gap in the market for specialist advice for owner-managers wanting to purchase commercial property through their pensions.
Quro specialises in areas such as the use of SIPP (Self Invested Personal Pensions) and SSAS (Small-Self Administered Schemes) to buy and invest in commercial property on behalf of individuals and businesses. It looks after 85 clients.
“Quro is a fast-growing specialist business, with an excellent client base and an impressive growth record and it will be a huge asset to the Old Mill family,” Kevin Whitmarsh (pictured), CEO at Old Mill, said.