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November 12, 2021

IWP continues acquisition spree with double deals

By Verdict Staff

UK-based Independent Wealth Planners (IWP) has acquired north east Scotland-based Alex M Grant and Surrey-based Custodian Wealth Management .

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
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  • Understand what is driving the PE/VC fundraising (Deal Rationale)
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by GlobalData
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The acquisitions, whose financial details were not disclosed, adds £362m in assets to IWP.

Alex M Grant offers independent financial advice to families and businesses. The firm, led by founder and principal Alex Grant, manages a total of £290m in client assets.

Under the agreement, the firm will become a part of IWP’s regional firm for Aberdeenshire, Buchanan and Associates.

Founded in 2004 by Branimir Gavrilovic and Richard Sutcliffe, Custodian Wealth Management manages £72m in assets under advice on behalf of its 200 clients.

The firm will form part of Murdoch Asset Management, IWP’s regional firm for Hampshire and Surrey.

Encompass Financial Management and Omnium Wealth Management, two of IWP’s recent acquisitions, were also linked to Murdoch Asset Management.

Commenting on the deal, Grant said: “I’m excited to be joining the IWP group – I can see that great service and client-focused outcomes are at the heart of the business.

“We’ve worked hard to forge trusted, long-term relationships with our clients, and I look forward to taking this to next level backed by the increased support and resources provided by IWP.”

Gavrilovic added: “IWP represents an excellent fit for Custodian and our clients – we were impressed with its client servicing and investment proposition, fee structure, ethos and culture.”

Last month, IWP bought Yorkshire-based financial planning firm Acuity Wealth Management (AWM) to add remote advice capability to the firm.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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