IWP adds £260m AUM with Premier Wealth purchase

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Independent Wealth Planners (IWP) has bought Premier Wealth Management, adding £260m to its assets under management (AUM).

This is the third acquisition the firm has announced this month, after it bought Alex M Grant and Custodian Wealth Management.

As part of the deal, Premier will join IWP’s Lancashire regional firm – Prosper Wealth Management – headed by chief executive David Barton.

Premier is a chartered financial planning business based in Southport. It was established in 2002.

The firm is led by managing director and chartered financial planner Adrian Shandley, who has 37 years’ experience in the advice profession and is a fellow of the Personal Finance Society.

Premier comprises four advisers, two paraplanners, and six administration staff. They will all remain in place as part of the deal.

The group specialises in delivering retirement and investment advice to high-net-worth individuals.

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Shandley said: “IWP presented a big attraction to us.

“Not only has it invested in our business up front, but also has not made any wholesale or disruptive changes to our business model, ensuring a smooth transition for our clients.”

Barton added: “We are delighted to have Adrian and the rest of the Premier team onboard.

“The addition of Premier expands our coverage in Lancashire, providing more consumers with access to IWP’s exceptional, independent financial planning services.”

Last month, IWP bought Yorkshire-based mother-daughter financial planning firm Acuity Wealth Management.

In February, it boosted its presence in Scotland with the acquisition of financial advice firm Sutherland Independent Ltd.

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