Independent Wealth Planners UK (IWP UK) has acquired financial planning firm Clairville York Financial Advisers.
The financial terms of the deal were not disclosed.
Clairville York, founded in 1987 by Leslie Sharpe, is headquartered in Cheam, Greater London.
It specialises in providing financial planning advice to private and corporate clients, trusts, employees and business owners.
South London expansion
The firm will represent IWP’s main hub for the area, with managing director Leslie Sharpe staying on to lead and expand the business through further acquisitions of other local IFAs.
Clairville York has six advisers and a total of £374m AUA.
David Inglesfield, chief executive of IWP, said: “As part of IWP, Leslie be able to focus his team on providing excellent client service.
“We look forward to providing him with the appropriate infrastructure and resources to help him expand Clairville York’s model throughout south London, Kent and Surrey.”
Business growth
Clairville York is IWP’s eighth hub since its launch in November 2019.
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.
IWP most recently bought financial planning firm AGL Wealth Management for an undisclosed sum.
