Growing consolidator Independent Wealth Planners UK (IWP UK) has acquired Chartered financial planner Prosper Wealth Management as part of its expansion into the North West.
The purchase of the Lancashire IFA has brought IWP UK's funds under management (FUM) to more than £1bn, adding £170m FUM and securing gross fee income of more than £1.35m per annum. It has brought IWP UK's total number of advisers to 36. IWP UK will use Prosper's Wigan office as its North West hub and Prosper's four advisers, six support staff and 486 clients will migrate to IWP. Prosper Wealth Management founder and owner David Barton will continue to lead his firm, which is likely to retain its brand but come under IWP's banner. Barton, who developed the business 16 years ago,...
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