Law firm Irwin Mitchell has boosted its financial planning operation with the acquisition of Leeds-based wealth manager Andrews Gwynne for an undisclosed sum.
The deal will expand the investment management services of Irwin Mitchell Asset Management as well as provide Irwin Mitchell with the opportunity to offer its range of legal services to Andrews Gwynne’s clients.
The acquisition is expected to increase assets under management to £1.2bn ($1.5bn, €1.4bn).
Mark Smith, partner at Andrews Gwynne, is joining as head of the team and will report directly to IM Asset Management chief executive Richard Potts.
Potts said: “The addition of the Andrews Gwynne team gives us the opportunity to attract more clients from outside of Irwin Mitchell who come direct for our wealth management and investment planning services – as well as adding capacity and capability for existing Irwin Mitchell clients. We’re pleased to have the team on board and welcome them to IM Asset Management.”
This deal follows Irwin Mitchell Asset Management’s acquisition of Alderley Edge-based financial planning company TWP Wealth last year.
