Independent Wealth Planners has acquired Southern-based Financial Planning firm Hunter Hammond Daniel Associates to establish its first presence in Sussex.

The deal for an undisclosed sum adds four advisers as well as Paraplanners and support staff to IWP as well as £200m in Assets Under Advice.

Current directors Paul Hammond and Sean Parker will stay at Hunter Hammond Daniel to continue to “lead and expand the business.”

Hunter Hammond Daniel Associates has been in business for 20 years.

Paul Hammond, director, said: “Over 20 years we have built a strong business and great client relationships. Those client relationships are central to our decision to join IWP, to secure the future growth of the business somewhere we know puts clients first.

“We are excited to be joining a national group that gives us access to branding, central support and resources essential for our future success.”

David Inglesfield, chief executive of IWP, said: “Paul and Sean have done an incredible job building this business. As part of IWP, they can continue to focus the HHDA team on providing excellent client service. We look forward to providing the infrastructure and resources that will continue both HHDA and IWP’s growth throughout Sussex.” 

IWP has bought several Financial Planning and IFA firms in recent years including, earlier this month, Scottish Financial Planning firm Gilmour Hamilton Wealth Management.

IWP’s growth strategy is to acquire local firms but leave day to day management in the hands of local teams who may also retain a participation in the ownership of the business.