Acquisitions take the company’s assets under management to almost £4bn
Independent Wealth Planners (IWP) has acquired three independent financial planning firms for an undisclosed sum.
It has bought Aberdeenshire-based Buchanan & Associates, Moss and Roberts located in Norfolk, and Buckinghamshire-based Principal Financial Planning.
The deals boost IWP’s assets under management by around £400m ($551m, €470m), taking total assets administered under the IWP umbrella to almost £4bn, serviced by 80 financial advisers, with total group headcount now standing at 250 people.
The triple swoop takes the number of acquisitions to 22 since IWP’s formation just two years ago.
Details
Buchanan & Associates was established over 10 years ago with a team of eight. Andrew Buchanan will remain as director of the firm, continuing to lead the firm’s team of experienced paraplanners and administrators. Buchanan & Associates forms part of IWP’s Aberdeenshire office, continuing recent expansion in the area.