Law firm Irwin Mitchell has expanded its wealth management team with the acquisition of Cheshire-based TWP Wealth for an undisclosed sum.
TWP Wealth is a chartered financial planning company based in Alderley Edge, Cheshire, and provides a range of financial services and financial planning to both private and corporate clients.
The firm has around £100m ($124m, €117m) in assets under management.
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 financial planning and investment management services.
In addition to continuing the support provided to complex personal injury clients through IM Asset Management, the acquisition of TWP will build Irwin Mitchell’s wealth services scale and capabilities, enabling the business to meet the needs of existing and new clients.
IM Asset Management currently has around £1bn in AuM.
Andrew Tucker, group chief executive at Irwin Mitchell, said: “We have a successful business, focused on delivering life-time value for clients. Our clients trust us with their legal services at a time of change in their lives or their business – whether through a personal injury or divorce, or they may have sold a business or be looking to secure their families future through estate and tax planning.
“All of these events require financial advice and by bringing TWP Wealth on board, this gives us enhanced expertise for our clients, an increased client-base and further opportunities to cross-sell our legal services and meet their multiple needs.”