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IWP acquires financial planning firm in 29th deal

IWP acquires financial planning firm in 29th deal

Independent Wealth Planners has acquired Premier Wealth Management, a Southport-based chartered financial planning business.

The deal, its third in the last month and 29th in total, brings with it £260m in assets under management, taking the consolidator's total AUA to £6bn.

It will see Premier’s managing director, Adrian Shandley, remain in place, alongside four advisers, two paraplanners, and six administrative staff.

The team will join IWP’s Lancashire regional firm, Prosper Wealth Management, which it acquired back in February 2020 and its founder, David Barton, remains chief executive.

Premier Wealth Management, set up in 2002, specialises in delivering retirement and investment advice to high-net-worth individuals.

Founder Adrian Shandley, who is also a fellow of the Personal Finance Society, said IWP “presented a big attraction” to the chartered business. 

He continued: “Not only has it invested in our business up front, but also has not made any wholesale or disruptive changes to our business model, ensuring a smooth transition for our clients. I am really excited to start working as part of the group.”

Barton said the deal expands IWP’s coverage in Lancashire.

The IFA has been on an acquisition spree of late. Earlier this month, it bought two IFAs - Scotland-based Alex M Grant and Surrey-based Custodian Wealth Management.

This was after last month, IWP bought Yorkshire-based Acuity Wealth Management, marking the start of a new business arm offering remote advice directly to clients.

It also acquired firms in April, May, June, and September of this year.