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.
Old Mutual Wealth financial performance
Old Mutual Wealth’s strategy of offering trusted financial advice, flexible products, discretionary investment management and high performing asset management, all underpinned by first class support for advisers and customers, resulted in an adjusted operating profit of £260 million in 2016 (2015: £304 million).
Paul Feeney, chief executive of Old Mutual Wealth:
“In 2016 we continued to transition Old Mutual Wealth into a leading, integrated, advice-led, UK investment and wealth management business. We made a number of acquisitions to grow and consolidate our distribution in the affluent and high net worth markets, we exited a number of non-core operations and continued to build the business for its independent future. We were particularly encouraged by the strong net client inflows, which reflect the increasing value of our wealth solutions for our customers and the attractive benefits of our integrated business model, in what has been a challenging year for the sector as a whole."
"We believe that Old Mutual Wealth will continue to benefit from the growing demand in the UK for financial advice, investment and wealth management solutions provided in a transparent and increasingly efficient manner.”