View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
October 19, 2021

IWP adds remote advice capability with Acuity Wealth Management deal

By Verdict Staff

Independent Wealth Planners (IWP) has acquired Yorkshire-based financial planning firm Acuity Wealth Management (AWM) for an undisclosed sum.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

The deal brings additional 228 clients to IWP and boosts its assets under administration by £85m.

AWM, which is led by Janet Comrie and daughter Sarah Dougal, also adds four administrative staff and a paraplanner to the company.

As part of the acquisition, IWP is setting up a direct-to-consumer channel in which AWM becomes the founding representative.

Dubbed IWP Advisory Services, the new business line will provide remote financial advice to customers who are unable to travel to their regional office or prefers virtual advice.

Commenting on the development, Comrie said: “By partnering with IWP we can give our clients the best of both worlds. The adviser to client relationship is built on a mutual trust, and so a local and personalised service proves invaluable.

“The acquisition means the close-knit relationships we’ve fostered with our clients can be complemented by the scale and resource of IWP whose centralised support will free up more time for us to focus on helping our clients achieve their financial goals.”

The latest deal is part of IWP’s ongoing consolidation strategy. Last month, IWP expanded its Hampshire presence with the acquisition of Southampton-based Encompass Financial Management.

It succeeded the company’s acquisitions of Professional Wealth Management and Edinburgh-based wealth management firm, Sutherland Independent earlier this year.

Last December, the company purchased financial planning firm Donald Wealth Management, following a number of deals.

It included the purchase of Hunter Hammond Daniel Associates, Beyond Financial, Carnelian Capital Management, and Richmond House Wealth Management, among others.

Free Report
img

Analyze opportunies within the wealth management market in APAC

GlobalData’s ‘Asia-Pacific Wealth Management: Market Sizing and Opportunities to 2026’ report provides a comprehensive overview of the Asia-Pacific (APAC) wealth management market.
  • The report analyzes the APAC wealth and retail savings and investments markets. This includes affluent market size, both by number of individuals and the value of their liquid assets.
  • The affluent population grew by 5.3% in 2021 and is expected to grow at an AAGR of 4.8% between 2022 and 2026.
  • The value of liquid assets held by the affluent segment surged by 8.4% in 2021, backed by economic recovery. HNW individuals’ financial wealth grew by 12%, while mass affluent individuals’ wealth grew by 6.0%.
  • The report provides an analysis of factors driving liquid asset growth. It is also split into asset classes - equities, mutual funds, deposits, and bonds.
  • The affluent population are more risk-tolerant and invest a significant proportion of their investments in risky assets such as equities, compared to emerging affluent and mass market individuals.
The report also provides data and insights on the size of offshore holding of HNW investors in the APAC region.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International