This followed a period of six years in which Skipton established and grew Torquil Clark to become a leader in the provision of financial advice to high net worth clients.
Based in Wolverhampton and Carnforth, Torquil Clark manages and administers a total of £900m of client assets. The deal incorporates Torquil Clark’s wealth management and employee benefits businesses. It also includes Torquil Clark’s execution-only business TQ Invest, which accounts for more than £500m of the funds under management.
The UK’s fourth largest building society, Skipton is at the centre of a unique group of subsidiary companies and has a strong track record as a creator, acquirer and disposer of successful businesses.
Hines Associates Limited acted as financial adviser to Skipton Building Society.