TWP Wealth Limited have sold the share capital of the business to Irwin Mitchell Asset Management, subject to Financial Conduct Authority (FCA) approval.
Irwin Mitchell Asset Management Limited is a division of Irwin Mitchell, a leading UK law firm which provides legal and financial services to businesses and individuals operating from 15 locations across the UK. Irwin Mitchell Asset Management Limited is regulated by the Financial Conduct Authority (FCA).
Under this agreement, TWP Wealth, will spearhead the enlarged group’s capability and capacity in providing market-leading financial planning advice as well as expanding the wider group’s leadership team to focus on delivering an ever-outstanding service to all our clients, many of which have been with TWP Wealth for many years.
From the very outset of this process the TWP Wealth board, and in particular, Martin Hill, the majority shareholder of TWP Wealth has been keen to stress the importance of both our staff and our clients, without whom we simply would not have a business.
Commenting on this, Martin Hill said, “I would like to assure all of TWP’s clients that they should see very little change in their day to day interaction with TWP other than the further development of the service they already receive through belonging to a wider group. This move signals the evolution of TWP Wealth which I shall continue to be a part of in bringing evermore meaningful solutions and advice to a wide range of clients. Equally for our staff, nothing changes other than they now have greater opportunity to flourish. I feel we have achieved a true ‘win-win’ with this agreement, and I look forward to the future with great optimism and enthusiasm”.
Commenting further on this acquisition, Richard Potts, CEO at IM Asset Management, said, “TWP Wealth share Irwin Mitchell’s focus in building trust and loyalty amongst our clients priding ourselves on our excellent client feedback scores. We’re delighted to welcome TWP Wealth to Irwin Mitchell.”
My own views on this news are that I have, through the process of getting to know each other witnessed the close cultural fit between TWP Wealth and Irwin Mitchell. I am enthused by this, and believe this can only benefit every client we serve in terms of scale and capability. What was really important to Martin when these talks turned into something more tangible was the regard in which he holds every TWP client and the care and attention he has shown to every member of staff. This state has been preserved and observed throughout the process and will be in the future.
I would like to personally assure all TWP clients that more than this simply being business as usual – as everyone says – none of the TWP staff is going anywhere. We will continue to operate from our offices here in Alderley Edge and furthermore, this will become the hub for the enlarged business benefitting from and sharing the know-how and scale of Irwin Mitchell to enhance the TWP service. Further proof of this can be found in the recent signing of a new 10-year lease on our building.
If you have any queries whatsoever, or would just welcome a chat over the telephone, please feel free to call me or indeed your Planner direct.