Irwin Mitchell reaches £1bn assets under management milestone

CEO of fast-growing wealth management arm ‘excited’ by next chapter

The Irwin Mitchell wealth management team has reached a major milestone as it reached £1bn of assets under management this week.

Law firm Irwin Mitchell launched its wealth management service in 2000 to provide financial planning and investment management to personal injury clients receiving large settlements.

While the service had always been open to other clients in 2017 their offer was formally broadened to provide wider wealth management services for other wealthy individuals, investors and external clients such as business owners and charities.

The firm now has a team of over 50 people offering investment management, financial planning, tax planning and other financial services. They are the official wealth management supplier to British Wheelchair Basketball and have renewed support for Nathalie McGloin, the only female tetraplegic racing driver in the world, as she prepares to get behind the wheel once again this year as well as having received a number of awards for customer service.

The team also recently appointed highly experienced former Cazenove Head of Financial Planning David Austin as a non-executive director to its board.

Richard Potts, CEO of Irwin Mitchell Asset Management, said: “Our clients all want different things from their assets, from long-term security to investing in increasing their wealth. That’s why we offer a bespoke approach to financial planning and investing. It means our clients really value the service we offer as it’s tailored to their individual needs. We are proud that we still have clients who were with us when we started out 20 years ago, and more than 240 clients have been with us for over 10 years, which is testament to the relationships we build and the value we add.

“We’re now looking forward to our next chapter; we broadened out our offer beyond personal injury clients a few years ago and we are going from strength to strength. We have a new non-executive director, we’ve now reached the landmark £1bn assets under management and we are looking forward to growing further as part of the Irwin Mitchell brand.

“As part of Irwin Mitchell we’re uniquely placed to help clients with both legal and financial services. Our clients are increasingly using more and more services with us and we want to continue to bring that excellent client service to others. Our financial planners can draw on a wide range of experts across the group such as wealth structuring, tax and pensions specialists including those with significant international clients.”

The Irwin Mitchell group recently announced an 11th consecutive year of growth with turnover increasing to £275m and has also announced a new Flexible by Choice policy allowing all colleagues to work when and where they want subject to client requirements.

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Irwin Mitchell provides legal and financial services to businesses and individuals operating from 15 locations across the UK. The firm is ranked as a market-leading legal service firm in the independent Legal 500 and Chambers UK guides to UK law with over 250 lawyers personally recommended. Irwin Mitchell Scotland LLP is a separate Scottish legal practice regulated by the Law Society of Scotland and has an office in Glasgow.

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