Law firm Shoosmiths has advised asset management group Gresham House on the sale of Independent Wealth Planners (IWP) and its two trading businesses (IWP Financial Planning Limited and IWP Investment Management Limited) to Titan Wealth - including approximately £6.6bn of client assets.
Those advising on the sale from Shoosmiths included partner Alastair Peet, principal associate Charlotte Cannell and associate Melissa Gray.
Since launching in 2019 IWP, which is backed by Gresham House, through the Baronsmead Venture Trust (BVT) and Baronsmead Second Venture Trust (BSVT), and other institutions, has bought more than 30 independent financial advice firms across the UK.
Charlotte Cannell, principal associate at Shoosmiths, commented: “UK founded financial advice firms continued to show their market leading expertise in 2024, and this transaction marks a significant milestone for both IWP and Gresham House. I wish continued success for all parties as they embark on this exciting new chapter.”
Ed Wass, Director of VCT Portfolio at Gresham House, commented: “The Shoosmiths team were once again a much valued support in delivering commercial and technical guidance. Their expertise and dedication were instrumental in ensuring the smooth execution of this sale.”
Corporate is one of Shoosmiths’ key strategic pillars, and across the division, its team has bolstered its market-leading credentials and reputation for excellence in mid-market M&A, advising on over 400 transactions each year and Shoosmiths' venture capital (VC) team has been recognised as the most active law firm in the UK advising on VC transactions for three consecutive years (according to PitchBook’s global league tables).
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