Wealth Management Company Acquired by Irwin Mitchell Division | Northwest Deals

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A wealth management company in Alderley Edge which provides a range of financial and financial planning services to individuals and businesses has been acquired by a division of Irwin Mitchell.

IM Asset Management currently has £1 billion in assets under management (AUM) and the acquisition of TWP Wealth will add a further £100 million.

The acquisition will expand Irwin Mitchell’s wealth management team as it seeks to expand its range of wealth management services available to clients.

TWP Wealth is a licensed financial planning firm and offers a wide range of financial and financial planning services to individuals and businesses. Completion of the transaction is subject to the approval of the Financial Conduct Authority (FCA).

TWP’s current management team and staff will lead Irwin Mitchell’s wealth management arm and partner with IM Asset Management which currently provides a full range of financial planning and investment management services.

In addition to the support provided to Complex Personal Injury (CPI) clients through IM Asset Management, the acquisition of TWP will enhance the scale and capabilities of Irwin Mitchell’s wealth management services. This will enable the company to meet the needs of existing and new clients throughout the legal services lifecycle.

The acquisition will also give Irwin Mitchell greater financial planning capability and an expanded management team to help existing management focus on growing the business.

Andrew Tucker, Group Managing Director at Irwin Mitchell (above), said: “We have a successful business, focused on creating lifetime value for customers. Our clients trust us for their legal services at a time when their lives or lives are changing. business – whether as a result of personal injury or divorce, or whether they have sold a business or are looking to secure their family’s future through estate and tax planning.

“All of these events require financial advice and by integrating TWP Wealth, it gives us increased expertise for our clients, an increased client base and new opportunities to cross-sell our legal services and meet their multiple needs.”

Richard Potts, Managing Director of IM Asset Management, said: “We already have a growing wealth management business, but the addition of the TWP Wealth team gives us the opportunity to attract more outside clients. to Irwin Mitchell who come directly for our wealth management and financial planning services.

“TWP Wealth shares our goal of building client trust and loyalty and we are proud of our excellent feedback scores. We are delighted to have them on board and welcome them to Irwin Mitchell.”

Mark Shotton, managing director of TWP Wealth, who will lead the wealth management service, added: “Irwin Mitchell is a truly unique company with significant potential to grow the brand beyond legal services and into financial planning and wealth management. Our values ​​and our approach to clients are very similar: to treat them as people and to work collaboratively to create tailored lifetime financial plans that work for them. We are excited to start working with the team.

Irwin Mitchell also recently announced two new offices in Cardiff and Liverpool.

Details of the advisers who worked on the acquisition were not disclosed.

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