UK-based Independent Wealth Planners (IWP) has acquired Southport advice company Premier Wealth Management for an undisclosed sum.
Formed in 2002, Premier is a financial planning business specialising in delivering retirement and investment advice to high net worth individuals.
The Merseyside-based firm will join IWP’s Lancashire regional firm, Prosper Wealth Management, headed by chief executive, David Barton.
Premier comprises four advisers, two paraplanners, and six administration staff, all of whom will stay as part of the deal.
The acquisition increases IWP’s assets under management by approximately £260m ($346m, €308m).
Barton said: “We are delighted to have Adrian and the rest of the Premier team onboard. The addition of Premier expands our coverage in Lancashire, providing more consumers with access to IWP’s exceptional, independent financial planning services.”
This deal comes a few weeks after IWP completed a double swoop when it bought advice firms Alex M Grant and Custodian Wealth Management for an undisclosed sum.
