AWI Services Limited, a Richmond-based independent financial advice (IFA) consolidator, has completed the acquisition of IAS Financial Planning Ltd, an established advisory firm with approximately £230 million in assets under advice, marking a significant step forward in the group’s growth journey.
Triple Point originated the funding to support the acquisition, providing AWI with the facilities to underpin both this transaction and the group’s broader acquisition programme. AWI was advised by Altenburg Advisory, Herrington Carmichael and Buzzacott.
AWI Services is led by CEO and founder Sachin Pattni, who established the business in 2020 with a straightforward proposition for IFA owners: that selling your business should not mean handing your clients to a business with different priorities. AWI was built to be the continuity that sellers are looking for.
AWI Services is supported by a board with deep expertise across wealth management and financial planning, including David Loudon, former Chief Executive of Quilter Cheviot, John Wheatley, former Chairman of AFH Financial Group, and Jeremy Leadsom, former Head of UK Wholesale at Aviva Investors. The group has also recently appointed John Yue as Finance Director, formerly Finance Director at Quilter Cheviot, further strengthening its senior leadership team ahead of its next phase of growth.
AWI Services operates a group of high-quality wealth management businesses, including Asquire Wealth Management, Cade & Co as well as discretionary MPS provider Quorum Capital, and the acquisition of London based IAS Financial Planning further extends the group’s footprint across Southern England.
The group’s acquisition strategy centres on preserving the independence, client relationships, and professional legacy that define the best IFA businesses, while equipping them with the technology, centralised resources, and operational support that allow advisers to focus on what they do best: looking after clients.
CEO Sachin Pattni said: “There is a real and justified concern among IFA owners that selling their business means watching it change beyond recognition. Client relationships get disrupted, service standards slip, and the culture that took decades to build gets dismantled in the name of consolidation. We started AWI because we believe it does not have to be that way.”
He continued: “We are building something that looks and feels far more like a traditional IFA firm than a corporate roll-up. That means putting client outcomes and adviser legacy at the heart of every decision we make. What we add on top of that is the capability, technology, and financial backing to help good businesses become great ones, without losing the things that made them valuable in the first place.”
Pattni added: “Altenburg Advisory’s expertise in structuring debt solutions for the IFA consolidation space was invaluable, they understood our strategy from day one. We are very appreciative of Triple Point for their support, reflecting the strength of what we have built and giving us the platform to accelerate. But our ambition is not growth for its own sake. It is to create a group where clients receive genuinely outstanding advice and where advisers can be proud of the organisation they are part of.”
AWI Services offers flexible acquisition structures and is focused on partnering with culturally aligned IFA businesses whose owners are seeking succession solutions, operational support, or a long-term home for their clients and their team.