Advice and Wealth Management will include United Kingdom financial adviser network Intrinsic, which will be rebranded as Quilter Financial Planning; the multi-asset business, which will become Quilter Investors; and Quilter Cheviot, which will retain its name.
In an announcement on Wednesday morning, the group confirmed the Old Mutual brand would be dropped and the Quilter name adopted across its advice and wealth management business.
The business said it intends to become the country's leadding integrated wealth management business and will operate in two divisions - advice and wealth management and wealth platforms.
Last month, OMW announced net inflows of £7.3 billion over the first three quarters, taking funds under management up to £131.3 billion.
Old Mutual Wealth will rebrand as Quilter when it lists on the London Stock Exchange next year.
"Having two distinct but complementary segments will help us to continue to deliver good customer outcomes for new and existing customers". Our recently reported Q3 year-to-date flows demonstrate continued strong demand for our investment solutions and services. "We believe that we have a compelling investment opportunity as we continue to deliver strong and sustainable returns for shareholders in our own right as a fast-growing, independent and publicly listed company".
Meanwhile the multi-asset business will become Quilter Investors, the United Kingdom platform will become Quilter Wealth Solutions and the worldwide business will become Quilter global.
Old Mutual Wealth chief executive Paul Feeney will make a presentation to investors and analysts on the company's strategic direction and growth prospects. But it said OMGI management from the single strategy part of the business will not be presenting at today's conference.