Premier Wealth Management (PWM), the IFA specialising in investment, taxation and inheritance tax planning, wants to acquire more high quality adviser firms over the next 12 months.
The firm has recently acquired two businesses and believes further acquisition is key to its short term expansion.
It says IFA companies will benefit from acquisition by PWM as they will be given the opportunity to merge into a bigger practice as part of an exit strategy.
PWM provides a specialist service to high net worth clients and has seen business grow by 50% in the last two years.
It completed phase two of its five-stage expansion plan after moving into purpose built offices in 2006, with the ultimate goal of gaining an AIM listing in the future.
PWM says expansion will help widen the range of specialist services available and increase the number of dedicated, professional staff to support client demand.
Adrian Shandley, managing director at Premier Wealth Management comments: “We are in this market from an extremely strong base and are offering the best multiples & packages in the marketplace. We are keen to make strategic alliances and acquisitions of quality financial services firms of any size in the North West of England."
He says PWM is keen to make quality deals for quality businesses: " We are conscious people spend their lives building a business and when they get to retirement they have to sell it for a knock-down price, however we are committed to offering the best price for firms. We want to reassure firms we will look after their clients and their business."
Shandley adds that a lot of adviser firms are facing change at the moment and don't want to go through the retail distribution review (RDR). However, they may be reluctant to join a network as this would mean losing control of their business.
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