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IWP chief executive steps down to oversee M&A

IWP chief executive steps down to oversee M&A

Independent Wealth Planners’ founder and chief executive officer David Inglesfield has stepped down from the role, to be succeeded by Rob Allen.

Inglesfield will become chairman of IWP Investments, the group’s acquisitions company. 

Allen, who joined IWP last November as group managing director after a senior leadership career in corporate banking, will become group CEO. 

Allen said: “IWP has assembled an outstanding group of IFA businesses, staffed by an exceptional team, delivering great advice and service to clients across the country. It’s a great privilege to be given the opportunity to lead the business forward into the next phase of growth.”

IWP currently has 32 regulated firms nationwide, with over 100 financial planners from a total headcount of over 300.

Inglesfield added: “I am delighted that Rob is now taking over as group CEO. He has an outstanding track record and has won the confidence of us all as the right person to take the business forward. 

“With Rob safely on board, I will continue to support the growth of IWP, particularly by focussing on our very busy acquisitions pipeline.”

Separately, James Hunter has resigned his position as IWP’s chief financial officer and will leave the business at the end of Q1. Gordon Millar has been appointed interim CFO with immediate effect.

Last month, the IFA consolidator bought its 30th advice firm, putting it “well on track” to acquire 50 firms by 2025, according to Inglesfield at the time.

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