Independent Wealth Planners has purchased Encompass Financial Management, a Southampton-based IFA. Encompass will join IWP’s regional firm in Hampshire, Murdoch Asset Management.
The deal will bring nearly £170m assets under management and over 450 clients to IWP.
The deal represents the 25th acquisition made by IWP since it was born in 2018.
Mark Courage, co-founder of Encompass, commented: “We are really excited about the opportunity to work with IWP. It secures what we’ve worked so hard to deliver and provide by way of service and advice. This alliance will make sure the ethics, professionalism, and culture in our firm can be replicated with the greater support and resources under the IWP banner.”
Chief executive at Murdoch IFA, Chris Birch, said: “We’re very happy to welcome Encompass to the IWP family – the acquisition strengthens our reach in the southern part of Hampshire. We’re really looking forward to start working with the team.”
The deal comes quickly after Omnium Capital also joined Murdoch in June.
Gunner and co work have worked with IWP on a number of transactions in the past, to see our recent deals with them click here.