Demands on firms and clients are causing reviews of strategy, operating models and technology. Businesses need help to surf waves of change, the parties to this partnership say.

Investment & Wealth Management Consultants (IAWMC) is partnering with fellow UK group Adapa Advisory, increasing their presence in the wealth management space. 

The target markets covered by the partnership include wealth managers, private banks, insurance companies, custodian banks, technology companies, fintech firms and other financial services organisations specifically focused on wealth management and associated activities.

“The demands of institutional firms and their underlying clients are leading to reviews of strategy, operating models and supporting technology given drivers such as ESG, digital assets, the need for timely and flexible access to data and, overall, the extent of competition across the various components of the value chain,” Mark Kerns, chief executive at Adapa Advisory, said. “Having worked with IAWMC on recent assignments our combination of post-trade, securities services and wealth management expertise offers an alternative advisory and consulting solution to assist clients with the development of pragmatic, focused and highly action orientated approaches to operating strategy.”

Steve Dyson, director and founder of IAWMC said: “I have known Mark and the team at Adapa for many years. This partnership is designed to give both parties additional expertise and capacity to take on and execute broader strategic and complex mandates across the wealth management value chain where we have specific and detailed subject matter expertise and geographical knowledge including markets such as the UK, Switzerland and South Africa.”