Quilter Private Client Advisers has revealed the acquisition of three Financial Planning businesses.

It has bought firms Petrus Financial Services, ROC Consultants and M.J.S Wilson & Co, adding £211m in assets under advice to the national advice business.

Windsor-based Petrus Financial Services is owned by financial advisers Philip Dendy, Nigel Pearce and David Main and operations director Georgina Warwick.

All the advisers will retire following a transition period, where clients will be introduced to their new Financial Planners who are located at the Quilter Private Client Advisers London office.

Ms Warwick will join Quilter.

Clients of Surrey located ROC Consultants will also now be serviced by the Quilter Private Client Adviser London office with owner and adviser Trevor Allum set to retire following the transfer of clients. 

Finally, both the London and Chester Quilter Private Client Adviser offices will service clients of the financial advice business M.J.S Wilson.

Dominic Rose, strategy and acquisitions director at Quilter Private Client Advisers, said: “Our model is working and I am pleased that we are continuing to help business owners realise the value for their years of hard work.

“Crucially, our clients are happy and therefore we will continue with our strategy of acquiring select high quality advice businesses.”

Philip Dendy, financial adviser and co-owner of Petrus Financial Services, said: “We had always planned that when the time came for us to exit the financial services industry we needed a smooth transition of our valued clients to a capable, robust and high quality financial advice business.

“We are delighted that we have achieved exactly that with Quilter Private Client Advisers.”

Trevor Allum, owner of ROC Consultants, said: “I have always emphasised the value of face to face financial advice and I am delighted to be able to retire from my business knowing that the company that takes on my clients holds the same values.”