Independent Wealth Planners (IWP) has acquired Guildford-based Financial Planning firm Omnium Capital Limited.

The acquisition is IWP’s 24^th since its formation two years ago.

The deal adds approximately £250m in assets under management with 750 clients.

Financial Planning business Omnium will be linked to Murdoch Asset Management, IWP’s main regional office for Hampshire.

The firm comprises of two parts: Omnium Wealth Management and Omnium Employee Benefits. It was formerly part of the Bourne Group of Companies, which provides financial and consultancy services to individuals and privately-owned businesses.

Former Omnium managing director, Ross Butters, will remain with the firm.

Mr Butters said: “Our commitment to independent financial advice made IWP the ideal partner to help drive our business forward. We believe that the best advice can only be delivered if complemented with personal service, a view firmly shared by our acquirer. Our clients will continue to benefit from the localised, personal service that we provide, with the added advantage of increased centralised support provided by the scale and quality of IWP.”

Last month IWP acquired Chartered Financial Planning firm Professional Wealth Management to create a new Newcastle hub. 

The acquisition was IWP’s fourth in two months. In April IWP acquired Aberdeenshire-based Buchanan & Associates, Moss and Roberts located in Norfolk and Buckinghamshire-based Principal Financial Planning.