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valuing your business
6
May

IWP acquisition establishes Newcastle hub

Independent Wealth Planners, the nationwide network of independent financial advisers and wealth managers, continues its nationwide expansion with the purchase of Professional Wealth Management to create its new Newcastle hub.

Steered by director, Stephen Dickinson, PWM was one of the first independent financial advice firms in the UK to be awarded the prestigious Chartered Financial Planners designation by the Chartered Insurance Institute in 2008, the profession’s gold standard for financial planning outfits. The firm provides a range of financial advice, management and planning services to individuals and businesses, managing around £150m in client assets. Its eight-strong team of financial planners and administrative staff, located in Newcastle upon Tyne, will remain in place as part of the deal.

Representing Independent Wealth Planners’s first acquisition in north east England, PWM is the fourth financial planning firm to join its ranks in the past month. Total acquisitions now stand at 23 since IWP’s formation just two years ago.

David Inglesfield, chief executive at IWP, said:

“Stephen and the team have created an outstanding business in PWM. I am delighted to welcome them as the backbone of our new Newcastle hub. This acquisition marks another step towards our goal of creating Britain’s best independent wealth planning business by combining the local expertise of our excellent IFA firms with IWP’s national resources and infrastructure support.”

Stephen Dickinson, Director and Chartered Financial Planner at PWM, added:

“Our ethos at PWM is to build lasting relationships with clients to help them achieve their financial goals and objectives. By partnering with IWP, we can ensure continuity of our existing high-quality service, while expanding our proposition to more local people as the new Newcastle hub, backed by the group’s strong central support.”

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