Consolidator IWP grows South East hub with latest acquisition

Sixth 2020 acquisition

Hannah Godfrey
clock • 1 min read

Growing consolidator Independent Wealth Planners UK (IWP) has acquired Milton Keynes-based Carnelian Capital Management, boosting the firm’s presence in the South East.

The acquisition will bring scale to one of IWP's existing consolidated firms, Richmond House Wealth Management, which became IWP's fourth acquisition of 2020 in June. The move marks IWP's eleventh acquisition and its sixth of 2020, having already acquired Lancashire IFA Prosper Wealth Management, Scottish firm AGL WM in February, Clairville York, Richmond WM and Cornwall-based Westinsure Webb Financial Services. Carnelian's managing director Jonathan Howard will take on the role of CEO at Richmond House from 1 September 2020, as Paul Beasley steps down from the role while continuing o...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Trial of former Titan Wealth employee rescheduled as defence prepares abuse of process argument

Trial of former Titan Wealth employee rescheduled as defence prepares abuse of process argument

Prosecution ready to proceed but court agrees to delay trial until late August

Sahar Nazir
clock 09 May 2025 • 2 min read
Professional Adviser TV: Female leadership and overcoming business barriers

Professional Adviser TV: Female leadership and overcoming business barriers

With WIFA winner and short lister Frankie Smith

Professional Adviser
clock 09 May 2025 • 1 min read
The 'quick way' to lose your clients' trust

The 'quick way' to lose your clients' trust

Clients are disengaging rather than firing their advisers, conference hears

Sahar Nazir
clock 09 May 2025 • 2 min read