Legal and financial services provider Irwin Mitchell has acquired Leeds-based wealth manager Andrews Gwynne LLP.
The acquisition is expected to increase Irwin Mitchell’s assets under management to £1.2 billion.
Andrews Gwynne is an independent private wealth management firm founded in 1979, offering bespoke discretionary portfolios with customized financial advice.
Andrews Gwynne’s current partner, Mark Smith, will join Irwin Mitchell Asset Management as head of the team, reporting directly to CEO Richard Potts.
Irwin Mitchell said the transaction not only strengthens his financial planning expertise, but also adds professional investment management capabilities and capabilities.
Richard Potts, CEO of Irwin Mitchell Asset Management, said: Irwin Mitchell’s existing clients can be accommodated. ”
This acquisition is the latest for the legal and financial services provider.
Last May, the company acquired TWP Wealth, a Cheshire-based chartered financial planning firm, for an undisclosed amount. The transaction resulted in £100m of assets under management.
Irwin Mitchell recently opened two new offices in Cardiff and Liverpool.
One of the UK’s largest law firms, the firm started its wealth management services in 2000, providing financial planning and investment management to personal injury clients receiving large settlements.
Beginning in 2017, Irwin Mitchell Asset Management will focus primarily on personal injury clients, providing asset management to other wealthy individuals, investors and external clients such as business owners and charities. We have expanded that authority to allow