UK-based Independent Wealth Planners (IWP) has bought Omnium Capital for an undisclosed sum.
The Surrey-based financial planning business comprises of two parts: Omnium Wealth Management and Omnium Employee Benefits.
It was formerly part of the Bourne Group of Companies, which provides financial and consultancy services to individuals and privately-owned businesses.
The firm will be linked to Murdoch Asset Management, IWP’s main regional office for Hampshire.
Details
The deal boosts the group’s assets under management by approximately £250m ($349m, €292m), adding around 750 clients in the process.
It takes IWP’s total acquisitions to 24 since the company was formed around two years ago.
Ross Butters, former Omnium Capital managing director will remain with the firm to continue serving his bank of clients.
He said: “Our commitment to independent financial advice made IWP the ideal partner to help drive our business forward. We believe that the best advice can only be delivered if complemented with personal service, a view firmly shared by our acquirer
“Our clients will continue to benefit from the localised, personal service that we provide, with the added advantage of increased centralised support provided by the scale and quality of IWP.”
