A Financial Planning firm has been bought by Old Mutual, it was revealed today.

JW Financial Planning, a Cheshire-based advice firm, has been acquired by Old Mutual Wealth Private Client Advisers.

No fee has been disclosed.

The move adds “a number of high net worth clients” to the firm, which was launched last year, Old Mutual said.

By the end of 2016 the business aims to have over £1bn in assets under advice and over 40 employed advisers.

The acquisition of JW involves two support staff and two advisers joining Old Mutual.

At the end of the month it said it will complete the acquisition of Beaumont Robinson. DQS, the business based in Devon, completed in October following regulatory approval.

JW launched in 2006 and in 2013 acquired the Whitehead Group. OM said it has over £100m in assets under advice and has forged strong relationships with clients.

The firm will be overseen by regional director, Sarah Waring. The North-West regional hub in Chester will soon relocate to new offices in the City having outgrown the existing premises.

Old Mutual Wealth Private Client Adviser managing director, Nigel Speirs said: “This is another important milestone for Old Mutual Wealth Private Client Advisers, and adds to our growing presence in the North West.

“It has been a particularly exciting month, with the business gaining significant momentum by finalising some important acquisitions. We are really proud of what we have been able to achieve over the last year and we are excited about what the future holds.

“It is fantastic to be able to mark year two of our journey by welcoming clients and staff from JW into Old Mutual Wealth Private Client Advisers.”