Leeds-based advice firm, Andrews Gwynne LLP, has been acquired by Irwin Mitchell Asset Management in a move estimated to increase the firm’s assets under management to £1.2bn.

The deal will add specialist investment management capacity and capability to the IM Asset Management team, as well as provide Irwin Mitchell with the opportunity to offer its full suite of legal services to Andrews Gwynne clients.

It follows IM Asset Management’s acquisition of Alderley Edge-based financial planner, TWP Wealth, last year.

IM Asset Management CEO, Richard Potts, commented: “The addition of the Andrews Gwynne team gives us the opportunity to attract more clients from outside of Irwin Mitchell who come direct for our wealth management and investment planning services – as well as adding capacity and capability for existing Irwin Mitchell clients. We're pleased to have the team on board and welcome them to IM Asset Management.”

Current partner at Andrews Gwynne, Mark Smith, is joining as head of the team and will report directly to Potts.

Smith added: “We're delighted to be joining the Irwin Mitchell group and the IM Asset Management team. Our values and vision for the future are shared and our joint capabilities mean we’ll be able to provide all our clients with an increased depth and breadth of wealth and legal services.”

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