We are delighted to announce that Lorica has merged with Saltus Private Wealth Management.
From our early discussions with Saltus it was clear that a merger with them would provide a great fit for our business and our clients. The Saltus team adds further complementary expertise in investments and financial planning, as well as greater operational expertise, whilst Lorica gives critical mass to Saltus’ presence across the South Coast. We are also excited about the opportunity to grow our financial wellbeing business and we believe Saltus are perfectly placed to do just that given their size and existing network.
Saltus are big enough to transform our business, yet small enough to maintain our family culture and therefore we could not be more excited about partnering with them as we continue to grow.
Rhys Francis, CEO of Lorica Wealth said “I couldn’t be happier or more excited at the prospect of a joint future with Saltus. We have been looking for a partner for the next stage of our development and we are incredibly lucky to have been introduced to Jon Macintosh, Simon Armstrong and their team. Not only are the businesses good for each other but the culture and people are totally aligned with the same high standards and “can do” ethos. I sincerely believe that this is the start of something very special for us and all our clients”
Jon Macintosh, Managing Partner of Saltus said “We are thrilled to welcome Rhys and his team into the Saltus family. We know that the expertise that lies within Lorica will complement our established offering perfectly. Our newly combined team is passionate about delivering the best outcomes for clients and we are very excited about the future.”
A little bit about Saltus Private Wealth Management
Saltus was founded in 2004 and our new combined entity will employ over 70 people and have over £1 billion in assets under management. They are an integrated, award winning financial planning and investment management company, working with private clients, trustees, solicitors, accountants and financial advisers.
We will be getting in touch with all our clients shortly to give more details and answer any questions. However, for now it remains business as usual with the same great team in place here. The one change you will notice is that we have rebranded our private client offering under the name Lorica Saltus Wealth.