According to the Yorkshire Post, UKWM wants to act as a consolidator in a fragmented market of 11,000 firms when sweeping reforms hit the sector in 2013.
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According to the firm, 2012 will be a good year to expand as demands for investment advice is expected to grow since most wealthy post-war generation of baby boomers will reach retirement and the government in the UK is all set to scale down public pension provision.
Lynn Coleman, the chief executive, told the Yorkshire Post, "We are actively engaged in acquisitions that will give UKWM a national footprint.
Coleman confirms that his firm, UKWM, which has offices in Leeds, York, Pontefract, Macclesfield and Rugby, has been approached by a number of firms to join them.
UKWM provides investment and tax planning advice to High-Net-Worth-Individuals (HNWIs) and employee benefits advice to organizations and trustees and manages around GBP1.4 billion of private capital.
