View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
November 26, 2021

IWP grows Lancashire footprint with Premier Wealth Management deal

By Verdict Staff

British consolidator Independent Wealth Planners (IWP) is expanding its footprint in Lancashire with the purchase of Southport-based chartered financial planning business Premier Wealth Management.

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, whose financial terms were not disclosed, marks IWP’s third deal this month after the takeover of Alex M Grant and Custodian Wealth Management.

Founded in 2002, Premier provides retirement and investment advice to high-net-worth (HNW) individuals.

Led by managing director and chartered financial planner Adrian Shandley, the Premier team comprises four advisers, two paraplanners, and six administration staff.

The firm adds £260m in assets to IWP, taking its total assets under administration (AuA) to £6bn.

Under the terms of the deal, the Premier team will join IWP’s Lancashire regional firm Prosper Wealth Management.

Prosper, led by CEO David Barton, was purchased by IWP in February this year.

Commenting on the deal 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.”

Shandley added: “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.”

Last month, IWP acquired Yorkshire-based financial planning firm Acuity Wealth Management (AWM), boosting its assets under administration by £85m.

In September, Last month, IWP expanded its Hampshire presence with the acquisition of Southampton-based Encompass Financial Management.

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

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