Independent Wealth Planners (IWP) has announced the acquisition of financial planning firm, Acuity Wealth Management (AWM).

The deal boosts IWP’s assets under administration by £85m and addd a further 228 clients in the process.

AWM becomes the founding representative of IWP Advisory Services, the group’s direct-to-consumer channel, and will provide independent financial advice to customers who are unable to travel to their local office or prefer to deal with an adviser virtually.

Yorkshire-based AWM is headed up by Janet Comrie and her daughter, Sarah Dougal, and is one of the few mother-daughter independent advice practices in the UK. They are supported by four administrative staff and a paraplanner, all of whom will remain in place as part of the acquisition.

Comrie commented: “By partnering with IWP we can give our clients the best of both worlds. The adviser to client relationship is built on a mutual trust, and so a local and personalised service proves invaluable.

“The acquisition means the close-knit relationships we’ve fostered with our clients can be complemented by the scale and resource of IWP whose centralised support will free up more time for us to focus on helping our clients achieve their financial goals.”

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