The 3 firms being acquired are: Aberdeenshire-based Buchanan & Associates, Moss and Roberts located in Norfolk and Buckinghamshire-based Principal Financial Planning.

The deals will boost IWP’s assets under management by around £400m taking total assets administered by IWP to almost £4bn.

IWP’s number of financial advisers is up to 80, with group headcount of 250.

Buchanan & Associates is based in Stonehaven and was established over 10 years ago with an independent and dedicated team of eight. 

Andrew Buchanan will remain as director of the firm, continuing to lead the firm’s team of Paraplanners and administrators. Buchanan & Associates forms part of IWP’s Aberdeenshire office, continuing recent expansion in the area.

Directors and Financial Planners Michael Moss and Lloyd Johnson head Norwich-based Moss and Roberts. Operating from the Norfolk hub, the firm’s 10-person team adds to IWP’s East-Anglian presence. 

Principal Financial Planning is based in High Wycombe and was formed in 2008 by current director Colin Johns. The firm has around £125m in client assets. 

David Inglesfield, chief executive at IWP, said: “I am delighted to welcome Andrew Buchanan, Mike Moss and Lloyd Johnson, and Colin Johns, and their respective teams to IWP. These acquisitions extend our existing nationwide network and mark further progress in our ambition to build Britain’s best wealth planning business. 

“Our pace of growth is testament to the robustness of our model, which allows like-minded IFA owners to come together and share the benefits of group scale while maintaining a high degree of continuity for their clients and staff.  We are committed to independence and it is great to see so many independent firms choosing to continue their proud tradition of client advice and service with IWP.”

Andrew Buchanan, principal at acquired firm Buchanan & Associates, said: "Our business is built on sound advice, helping our clients achieve their financial goals in this volatile time. We always strive to go the extra mile for our clients, which is why IWP is such a good fit. The continuation of our local presence and existing staff, combined with the central support that comes with being part of the group, will provide real benefits to our clients, while offering Buchanan & Associates a robust platform for further growth.”

Lloyd Johnson, director and Financial Planner at Moss and Roberts, said: “We are delighted to find an ideal business to join, one that will support the next stage in our development and look after the best interests of our clients and staff.”