Irwin Mitchell Asset Management Limited (IMAML) has invested further in its business, strengthened its financial planning expertise and grown its client-base by completing a deal to acquire the business and assets of Leeds-based Andrews Gwynne LLP.
The deal will add specialist investment management capacity and capability to the growing IM Asset Management team as well as providing Sheffield-based Irwin Mitchell the opportunity to offer its full suite of legal services to Andrews Gwynne clients. The acquisition is expected to increase assets under management to £1.2 billion.
Current partner at Andrews Gwynne, Mark Smith, is joining as head of the team and will report directly to IM Asset Management CEO, Richard Potts. This deal follows Irwin Mitchell Asset Management Limited’s acquisition of Alderley Edge-based financial planners TWP Wealth last year.
Richard Potts, CEO of IMAML, said: “The addition of the Andrews Gwynne team gives us the opportunity to attract more clients from outside of Irwin Mitchell who come direct for our wealth management and investment planning services – as well as adding capacity and capability for existing Irwin Mitchell clients. We’re pleased to have the team on board and welcome them to IM Asset Management.”
Mark Smith, partner at Andrews Gwynne, said: “We’re delighted to be joining the Irwin Mitchell group and the IM Asset Management team. Our values and vision for the future are shared and our joint capabilities mean we’ll be able to provide all our clients with an increased depth and breadth of wealth and legal services.”
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