IWP acquires Professional Wealth Management

Independent Wealth Planners (IWP) has confirmed the purchase of Professional Wealth Management (PWM).

The move marks the first acquisition in the North East of England for IWP, the network of independent financial advisers and wealth managers.

PWM provides a range of financial advice, management and planning services to individuals and businesses, managing around £150m in client assets.

The firm’s team of eight, made up of financial planners and administrative staff and located in Newcastle upon Tyne, will remain in place as part of the deal.

PWM director, Stephen Dickinson, commented: “Our ethos at PWM is to build lasting relationships with clients to help them achieve their financial goals and objectives.

“By partnering with IWP, we can ensure continuity of our existing high-quality service, while expanding our proposition to more local people as the new Newcastle hub, backed by the group’s strong central support.”

PWM is the fourth financial planning firm to join IWP’s ranks in the past month, with total acquisitions now standing at 23 since IWP’s formation two years ago.

IWP chief executive, David Inglesfield, added: “Stephen and the team have created an outstanding business in PWM and I am delighted to welcome them as the backbone of our new Newcastle hub.

“This acquisition marks another step towards our goal of creating Britain’s best independent wealth planning business by combining the local expertise of our excellent IFA firms with IWP’s national resources and infrastructure support.”

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