Rapidly expanding Financial Planning-focused advisory group Independent Wealth Partners (IWP) has acquired Southport-based Chartered Financial Planning firm Premier Wealth Management.

It is IWP’s third acquisition this month.

The deal brings IWP approximately £260m in assets under management

Premier specialises in retirement and investment advice for high net worth clients.

The firm has four advisers, two Paraplanners and six administration staff. All will transfer to IWP.

Premier will join IWP’s regional hub, Prosper Wealth Management, which is headed by chief executive David Barton.

Premier is led by managing director and Chartered Financial Planner Adrian Shandley. He has 37 years of advice experience and is a Fellow of the Professional Finance Society.

Mr Shandley said: “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. I am really excited to start working as part of the group.”

The deal was completed for an undisclosed sum.

Earlier this month IWP acquired two firms to add £362m in assets. 

IWP recently acquired Alex M Grant based in Keith, north east Scotland, and Custodian Wealth Management based in Surrey.

Alex M Grant joined IWP’s regional arm for Aberdeenshire, Buchanan and Associates, bringing £290m in client assets.

Surrey-based Custodian Wealth Management joined IWP’s regional firm for Hampshire and Surrey, Murdoch Asset Management, bringing £72m in assets under advice.