Saltus acquires Lorica

5 December 2018

We are delighted to announce that Saltus has recently acquired Lorica, an established wealth management company based in Bournemouth.

From our early discussions with Lorica it was clear that a partnership with them would provide a great fit for both businesses.  Our investment and financial planning expertise will add greatly to the existing Lorica proposition whilst Lorica gives critical mass to our presence across the South Coast.  We are also excited about the opportunity for Lorica to grow their financial wellbeing business helped by our size and existing network.

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.”

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”

A little bit about Lorica

Lorica was established in 1989 with one simple aim: to help people develop a healthy relationship with money.  The business offers financial planning, investment management to private individuals and workplace financial wellbeing to the corporate sector. Headquartered in Bournemouth and run by an experienced, professional team, the Lorica business will fit perfectly with our desire to deliver the best advice and investment solutions to our clients.

Next Steps

Lorica will be getting in touch with all of their clients to give more details and answer any questions. However, for now it remains business as usual with the same great team in place in their Bournemouth office.

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