Acquisition of iimia Wealth Managem

 

TIDMJLT TIDMMDS 
 
RNS Number : 0680G 
Jardine Lloyd Thompson Group PLC 
25 January 2010 
 

25th January 2010 
Jardine Lloyd Thompson Group plc 
 
 
 
 
Acquisition of iimia Wealth Management 
 
 
Further to the announcement made on 3rd December 2009, JLT today confirms that 
it has completed the acquisition of the iimia Wealth Management division of 
Midas Capital plc, being iimia (Holdings) Limited and John K. Miln & Co. Ltd 
(the Wealth Management Companies) for a cash consideration of GBP7.25m, subject 
to adjustment based on the completion balance sheet. 
The businesses the Wealth Management Companies are primarily engaged in are the 
provision of personal financial advice and discretionary portfolio management to 
private clients, companies, Trusts and Charities in the UK" 
In the 6 months to 30 June 2009, the Wealth Management Companies contributed 
GBP0.46m to the Midas Capital plc consolidated profit before management charges, 
amortisation, exceptional items and tax on revenues of GBP2.9m. The Wealth 
Management Companies have some GBP600m funds under advice of which GBP250m is 
managed on a DPM basis. 
The Wealth Management Companies will be integrated with the existing private 
client businesses of JLT UK Employee Benefits. 
Dominic Burke, Chief Executive of JLT commented: "This acquisition marks another 
step towards the realisation of the strategic objectives for our UK Employee 
Benefits business. We aim to be a leading provider of the full range of 
capabilities required in today's pension and retirement savings marketplace. 
Pensions and retirement savings remains a key focus of our EB business and it is 
not our strategy to develop more broadly as a generalist IFA firm. As all 
aspects of pension arrangements become increasingly a matter of individual 
choice, the related demand for personal financial advice and discretionary 
wealth management is bound to grow. Our new colleagues will give us enhanced 
capacity to meet that demand". 
 
 
 
 
-ENDS- 
 
 
 
 
 
 
Enquiries: 
Paul Dransfield    020 7528 4444 
Head of Group Corporate Communications 
Jardine Lloyd Thompson Group plc 
 
 
 
 
 
 
 
 
 
 
 
 
Editors' Notes: 
Jardine Lloyd Thompson Group plc 
Jardine Lloyd Thompson Group plc (JLT) is an international group of Risk 
Specialists and Employee Benefits Consultants and one of the largest companies 
of its type in the world. JLT offers a distinctive choice to clients and 
partners through our combination of independence, scale and specialism. 
Jardine Lloyd Thompson Group plc is quoted on the London Stock Exchange and 
employs 6,000 people worldwide and through JLT Network(TM) provides services in 
more than 120 countries. 
http://www.jltgroup.com/ 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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