Consolidator Independent Wealth Planners (IWP) has bought Professional Wealth Management (PWM) to establish a presence in the North East, bringing its acquisition total for the past month to four IFA firms.
Newcastle-based PWM provides a range of financial advice, management and planning services to individual and corporate clients, managing about £150m in client assets. It has eight employees made up of financial planners and administrative staff under the directorship of Stephen Dickinson. All will remain in place under the terms of the deal. The business was one of the first advice firms to gain Chartered status back in 2008. The deal is IWP's first acquisition in the North East with PWM becoming the fourth financial planning firm to join IWP's ranks in the past month. The national...
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