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June 18, 2021

IWP continues buying spree with Omnium Capital acquisition

By Verdict Staff

British consolidator Independent Wealth Planners (IWP) has acquired Surrey-based Omnium Capital, its 24th deal since its inception in 2018.

Financial terms of the transaction were not shared.

Omnium Capital is an independent financial planning business, which provides personalised investment strategies to individuals and their families.

The firm has two segments, namely Omnium Wealth Management and Omnium Employee Benefits.

Omnium was previously part of the Bourne Group of Companies, which offers financial and consultancy services to individuals and privately-owned businesses.

The deal bolsters IWP by adding £250m to its AUM and around 750 clients.

Former Omnium Capital managing director Ross Butters will remain with the firm to continue serving his clients.

Commenting on the deal, Butters said: “Our commitment to independent financial advice made IWP the ideal partner to help drive our business forward. We believe that the best advice can only be delivered if complemented with personal service, a view firmly shared by our acquirer.

“Our clients will continue to benefit from the localised, personal service that we provide, with the added advantage of increased centralised support provided by the scale and quality of IWP.”

Omnium will be linked to Murdoch Asset Management, IWP’s main regional office for Hampshire.

Recent deals by IWP

The latest deal follows IWP’s acquisition of Professional Wealth Management and Edinburgh-based wealth management firm, Sutherland Independent this year.

In December 2020, the company purchased financial planning firm Donald Wealth Management.

Other acquisitions made by IWP last year include Hunter Hammond Daniel Associates, Beyond Financial, Carnelian Capital Management, Richmond House Wealth Management, AGL Wealth Management, and Prosper Wealth Management, among others.

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