Independent Wealth Planners has acquired Omnium Capital Limited, a Guildford-based planner. The deal represents the 24th acquisition that IWP has made over the past two years.
The transaction will contribute 750 clients and £250m assets under management to IWP.
Ross Butters, former Omnium Capital managing director, will remain with the company following the transaction. He said: “Our commitment to independent financial advice made IWP the ideal partner to help drive our business forward. For example, we believe that the best advice can only be delivered if complemented with personal service, a view shared by IWP.
“Our clients will continue to benefit from the localised, personal service that we provide. But they will have the added advantage of increased centralised support provided by the scale and quality of IWP.”
Back in April, IWP chief executive David Inglesfield commented:
“Our pace of growth is testament to the robustness of our model, which allows like-minded IFA owners to come together and share the benefits of group scale while maintaining a high degree of continuity for their clients and staff.”
Right now, the M&A market is buoyant and active. If you are looking to sell your business, find out how we can help you find the perfect buyer in our brochure.