Independent Wealth Planners (IWP) has announced the acquisition of three independent financial planning firms.

The network of IFAs and wealth managers confirmed that the trio of purchases – Aberdeenshire-based Buchanan & Associates, Moss and Roberts located in Norfolk, and Buckinghamshire-based Principal Financial Planning – are expected to boost IWP’s assets under management by around £400m.

The deals take the total assets administered under the IWP umbrella to almost £4bn, serviced by 80 financial advisers, and with a total group headcount now standing at 250 people.

The moves also expand IWP’s nationwide coverage and take the number of acquisitions to 22 since the network formed two years ago.

IWP chief executive, David Inglesfield, commented: “Our pace of growth is testament to the robustness of our model, which allows like-minded IFA owners to come together and share the benefits of group scale while maintaining a high degree of continuity for their clients and staff.

“We are committed to independence and it is great to see so many independent firms choosing to continue their proud tradition of client advice and service with IWP.”
 
Buchanan & Associates, based in Stonehaven, was established over 10 years ago, and Andrew Buchanan will remain as director of the firm.

Directors and financial planners Michael Moss and Lloyd Johnson head up Norwich-based Moss and Roberts, while Principal Financial Planning, based in High Wycombe, was formed in 2008 by current director, Colin Johns.

“I am delighted to welcome Andrew Buchanan, Mike Moss and Lloyd Johnson, and Colin Johns, and their respective teams to IWP,” Inglesfield said.

“These acquisitions extend our existing nationwide network and mark further progress in our ambition to build Britain’s best wealth planning business.”

Share Story: