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In a bid to become ‘a high-quality advice provider’ after its ‘brutal’ restructure
On joining WH Ireland in March 2019, Stephen Ford was forced to make some quick but important decisions.
The wealth manager and corporate broker firm had been haemorrhaging cash and at the end of that month, posted a £12m ($16.78m, €13.87m) loss for the year. Swift action was necessary.
Almost two years later, the firm is on a better footing.
A year after Ford joined as head of wealth management, losses had shrunk to £3m and in October last year, it posted its first half-year profit for five years. For the six months to the end of September, WH Ireland made £500,000 profit, compared with a £910,000 loss for the same period in 2019.
WH Ireland Group completes acquisition of Harpsden Wealth Management 7:16 am
WH Ireland Group plc (LON:WHI) has confirmed today that further to the announcements of 30 November 2020 and 18 December 2020, the acquisition of Harpsden Wealth Management Limited has now completed.
Commenting, Phillip Wale, CEO of WH Ireland said “We are delighted to announce the completion of the acquisition of Harpsden Wealth Management Limited which is in line with our strategic ambitions for WH Ireland. This transaction strengthens the Company’s senior leadership team; increases our assets under management whilst enhancing our earnings, and adds a Chartered Independent financial advice business around which we can build our own offering. In addition it adds increased distribution by way of six additional advisers based in a new office. We look forward to integrating Harpsden within the WH Ireland group and welcoming their clients.”