The Old Mutual Wealth business has enhanced its presence in the North West.

Old Mutual Wealth Private Client Advisers has acquired JW Financial Planning, a Cheshire-based advice firm, for an undisclosed sum.

Old Mutual Wealth Private Client Advisers is the national advice business launched last year by Old Mutual Wealth and its UK financial advisor network, Intrinsic. At the end of the month, it will complete the acquisition of Beaumont Robinson. Last month, it completed its purchase of Devon-based DQS Financial Management. 

The new acquisition, OMWPCA said, adds a number of high net worth clients to the business, as well as two advisors and two support staff. JW has over £100 million ($125 million) in assets under advice.

By the end of 2016, OMWPCA aims to have over £1 billion in assets under advice and over 40 advisors. Its Chester base in the North West will soon relocate to new, larger offices in London.

“This is another important milestone for Old Mutual Wealth Private Client Advisers, and adds to our growing presence in the North West. It has been a particularly exciting month, with the business gaining significant momentum by finalising some important acquisitions,” said managing director of the business Nigel Speirs. 

“We are really proud of what we have been able to achieve over the last year and we are excited about what the future holds. It is fantastic to be able to mark year two of our journey by welcoming clients and staff from JW into Old Mutual Wealth Private Client Advisers.”