The terms of Quilter’s acquisition of Lighthouse will be revealed to the latter’s shareholders today, as the deal progresses.

An update on the London Stock Exchange’s news service today shows the shareholders will vote on the matter in early May. A shareholder meeting to decide the matter will be held on 10 May, at which at least 75 percent of shareholders must approve the acquisition. It is expected that the deal will close by September, according to a proposed timetable.

If successful, the purchase will add 400 advisers to Quilter’s books.

The acquisition is via Quilter-owned Intrinsic, a network of ...