Law firm’s acquisition of financial planning company wins FCA approval

Irwin Mitchell’s acquisition of TWP Wealth has been cleared by the Financial Conduct Authority (FCA).

TWP Wealth is a financial planning company based in Alderley Edge, Cheshire, and provides a range of financial services and financial planning to both private and corporate clients.

TWP’s current management team and staff will spearhead Irwin Mitchell’s wealth management arm and join forces with IM Asset Management which currently provides a full range of financial planning and investment management services.

Richard Potts, CEO at IM Asset Management, said: “We already have a growing wealth management business but the addition of the TWP Wealth team gives us the opportunity to attract more clients from outside of Irwin Mitchell who come direct for our wealth management and financial planning services. TWP Wealth shares our focus on building trust and loyalty amongst clients and we pride ourselves on our excellent client feedback scores. We’re delighted to have them on board and welcome them to Irwin Mitchell.”

Mark Shotton, managing director at TWP Wealth, who will head up the wealth management service, said: “Irwin Mitchell is a really unique business with significant potential to build the brand beyond legal services and into financial planning and wealth management. Our values and approach to clients are very similar: treating them as people and working collaboratively to create tailored lifetime financial plans which work for them. We’re excited to begin working with the team.”