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IPS Capital Completes Prospect Wealth Management Merger

British wealth and investment manager IPS Capital has completed a merger with Prospect Wealth Management raising total assets under management to more than £600m. The combined business will enable the enlarged group to offer a more comprehensive service to both high and ultra-high net worth as well as mass affluent investors across the UK and internationally.

Jonathan Blain, Chief Executive Officer, IPS Capital, said: “Our strategic partnership with Prospect enhances our collective investment expertise, which we believe will add value to both firms’ clients.  Our personalised service provides a clear point of differentiation from the larger, often listed wealth managers.  We are delighted to welcome Matthew and his team into the IPS family.

Prospect, a branch of Raymond James Investment Services, was founded by Matthew Hunt in 2006. He and his team of six will join IPS’s investment offering, where collectively they will provide a complimentary service to both business’s clients.  Matthew Hunt will become a Partner of IPS Capital LLP.

Matthew Hunt, Chief Executive Officer, Prospect Wealth Management, said: “The key to any successful grouping is the fit between the businesses.  IPS and Prospect are completely complementary in terms of our respective investment capabilities, culture and distribution focus.  We have known each other for around seven years, and this strategic partnership is great news for both client sets.”

IPS Capital was advised by Roxburgh Milkins Limited.

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