London wealth management firm acquires third business this year

A London wealth management company has announced the acquisition of a financial advisory firm for an undisclosed sum.

Independent Wealth Planners UK (IWP) has acquired Clairville York Financial Advisers, also based in London, in its eighth acquisition deal - its third this year.

Clairville York will represent IWP’s main hub for the area, with founder and managing director Leslie Sharpe staying on to lead and expand the business through further acquisitions.

Earlier this year, IWP announced its intention to launch a national brand, with a plan to establish a nationwide presence with about 50 offices and businesses.

Clairville York commented: “Over 35 years we have built great client relationships and a great team.

“Our people built this business, our clients are this business and the people at IWP understand our business.

“Securing the future growth of the business and its clients was key to us. We are excited to be joining the IWP group of likeminded firms.

“Retaining our independence with access to IWP’s brand, central support and resources is the key to our combined futures, whilst allowing us to focus on our clients.”

IWP CEO David Inglesfield added: “Les has done an incredible job building his business. “As part of IWP, he’ll be able to focus his team on providing excellent client service.

“We look forward to providing him with the appropriate infrastructure and resources to help him expand Clairville York’s model throughout south London, Kent and Surrey.”