Independent Wealth Planners has acquired Throgmorton Wealth Management, in a deal that adds 500 clients and £135m AUM to the consolidator.
This is IWP’s thirtieth deal since it was founded three years ago, making it well on its way to hitting its target of 50 acquisitions by 2025. These acquisitions have fuelled IWP’s significant growth – IWP currently has £6bn in assets spread across 120 advisers. In November alone, IWP made three purchases.
Chief executive of IWP, David Inglesfield, said: “Our goal in forming IWP was to build the UK’s best financial advice and wealth management service.
“Reaching our 30th acquisition less than three years after our inception is a significant milestone and puts us well on track to reach our target of 50 firms by 2025.
“We believe the UK has some truly excellent independent financial advice firms, and with the backing of IWP, we can replicate the expertise throughout to deliver a consistent, best of breed service to many more individuals and businesses across the country.”
Throgmorton, which is headed up by Jason Cross, David Guntrip and Chris Bayfield, specialises in financial planning and mortgages.
Mr Cross commented: “Over nearly two decades, we have established ourselves as one of East Anglia’s leading independent financial advisers and, with the backing of IWP, we look forward to continuing to grow our presence and take excellent financial advice to more clients across the East Midlands.”
IWP is a buyer that Gunner & Co. have a strong relationship with. If you are looking to sell your business to them, book a meeting with our Senior Broker Josh here.