Independent Wealth Planners (IWP) has announced the acquisition of Encompass Financial Management.

Encompass, based on the outskirts of Southampton, follows in the footsteps of Omnium Wealth Management in joining IWP’s Hampshire regional firm, Murdoch Asset Management.

The acquisition raises IWP’s assets under management by £167m, welcoming 458 clients in the process.

Formed in 2004, Encompass is an independent financial planning business that offers a range of financial planning services, with a focus on lifestyle financial planning that includes the use of cashflow modelling tools.

Encompass co-founder and director, Mark Courage, said: “We are really excited about the opportunity to work with IWP. It secures what we’ve worked so hard to deliver and provide by way of service and advice. This alliance will make sure the ethics, professionalism, and culture in our firm can be replicated with the greater support and resource under the IWP banner.”

Murdoch chief executive, Chris Birch, added: “We’re delighted to welcome Encompass to the IWP family – the acquisition strengthens our reach in the southern part of Hampshire. We’re really looking forward to start working with the team.”

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