Independent Wealth Planners UK (IWP UK) has acquired financial planning firm Richmond House Wealth Management (RHG Holdings Ltd), it’s ninth local office to date and second acquisition in the South East in 2020.Richmond House was established in 1964, with a discretionary management service launching in 2006. The business has since grown to a substantial firm with 35 staff, headquartered in Stevenage. Richmond House Wealth Management will become IWP’s regional Hub in the Hertfordshire area.
In addition to building a regional Hub with a core of Wealth Management, IWP will leverage the expertise of the Richmond House Investment Management and Corporate Services businesses across the IWP Group post-acquisition. Richmond House Investment Management will add to the scale and depth of investment management expertise across the IWP group. IWP will work with Richmond House Corporate Services to grow this important business line; bolstering corporate services as a valuable capability for the group as a whole.
Paul Beasley, CEO of Richmond House, says: “What attracted me to IWP was the ability to secure the future growth of Richmond House in a way that ensures continuity for our clients. I’m excited to be joining a national brand that will provide the infrastructure for us to continue to grow and provide clients with the excellent service they expect.”
David Inglesfield, CEO of IWP, says: “We’re thrilled that Richmond House is joining IWP. In doing so the team will be able to focus on exemplary client service as they also continue to grow the business. Establishing our Hub in the Hertfordshire region, we look forward to supporting Richmond House to build on its excellent position in the market.”