The deal adds 458 new clients and £167m in assets under management to IWP. Credit: Charles Forerunner on Unsplash.

UK-based consolidator Independent Wealth Planners (IWP) has expanded its Hampshire presence with the acquisition of Southampton-based Encompass Financial Management.

The deal, whose financial terms are unknown, brings 458 new clients and £167m in assets under management to IWP.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Established in 2004, Encompass is an independent financial service firm offering a range of financial planning services.

The firm will join IWP’s Hampshire regional firm Murdoch Asset Management, following the footsteps of Omnium Wealth Management.

Commenting on the deal, Encompass co-founder Mark Courage said: “We are really excited about the opportunity to work with IWP. It secures what we’ve worked so hard to deliver and provide by way of service and advice.

“This alliance will make sure the ethics, professionalism, and culture in our firm can be replicated with the greater support and resource under the IWP banner.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

IWP CEO Chris Birch added: “We’re delighted to welcome Encompass to the IWP family – the acquisition strengthens our reach in the southern part of Hampshire. We’re really looking forward to start working with the team.”

Recent deals by IWP

IWP recently acquired Professional Wealth Management and Edinburgh-based wealth management firm, Sutherland Independent.

In December 2020, the company purchased financial planning firm Donald Wealth Management.

Other acquisitions made by IWP last year include Hunter Hammond Daniel Associates, Beyond Financial, Carnelian Capital Management, Richmond House Wealth Management, AGL Wealth Management, and Prosper Wealth Management, among others.