Independent Wealth Planners (IWP) has bought Kilmarnock-based financial planning firm Gilmour Hamilton Wealth Management (GHWM) for an undisclosed sum.
The business will join IWP’s regional hub, AGL Wealth Management.
John Roberts, partner at GHWM, will continue to head-up the Kilmarnock office and lead the team.
David Inglesfield, chief executive of IWP, said: “Gilmour Hamilton Wealth Management represents a great boost for our hub in south west and central Scotland.
“I am thrilled to welcome John and the team to IWP, and I look forward to working with them as we continue to grow in the region.”
Acquisition spree
This is IWP’s 12th acquisition since its inception and its most recent deal was Milton Keynes-based Carnelian Capital Management.
IWP was created to “grow, support and promote” local IFA firms, it said in a statement.
The firm provides operational and support services, including compliance, IT, investment research, marketing, recruitment and training, allowing IFAs to spend more time with their clients.
It acquires local firms but leaves the day-to-day management in the hands of local teams, who may also retain a stake in the ownership of the business.
