Old Mutual Wealth has taken over greater Manchester-based advisory firm Maestro Financial Services.

Maestro was set-up by Niel Lingwood in 1984 and it acquired the Financial Planning business of Kay Webb & Co in 2010.

The Cheadle-based business will operate as part of the Old Mutual Wealth Private Client Advisers’ Chester region.

Owner and managing director Mr Lingwood will join Old Mutual, alongside additional support staff.

The acquisition adds more than £120m in assets under advice to the Old Mutual Wealth-branded adviser business.

Nigel Speirs, Old Mutual Wealth Private Client Advisers managing director, said: “In 2015 we launched Old Mutual Wealth Private Client Advisers with the aim of helping a growing number of UK households realise the benefits of professional Financial Planning. I’m delighted that we can now add to our Chester office by welcoming Niel and his colleagues into the business.”

Mr Lingwood said: “I’m really pleased to be joining Old Mutual Wealth Private Client Advisers, which shares Maestro’s values and principles and will offer our clients continuity and ongoing service from a trusted and reliable national Financial Planning business.”