Fri, 10 Apr 2026 | BUSINESS SALE
Nine Edge Wealth Limited, a recently-established independent financial advice business, has completed its second acquisition since it was launched last month, with a deal for financial adviser Wealth Professional.
Founded in 2011, Wealth Professional has around £340 million in assets under management (AUM) and a team of four advisers serving clients across the UK. The company’s main hubs are in London and the South East, Scotland and the Midlands.
Wealth Professional Managing Director Douglas Mitchell said that, despite wishing to grow further, the firm had “probably reached a plateau” and, prior to the acquisition, there were likely to be ceilings limiting its continuing growth.
With the firm eyeing growth, Mitchell said that Nine Edge Wealth Limited, led by former Aspira Corporate Solutions CEO Derek Miles (pictured above), felt like the right fit. Nine Edge’s emphasis on using technology to improve client outcomes and adviser efficiency was described as a key attraction for Wealth Professional.
Mitchell continued: “Nine Edge’s developments will allow us to spend more time actually talking to clients and less time behind the scenes doing laborious administration and compliance. We’ll be far more efficient.”
“We know exactly what we want to deliver to our clients. We’ve been taking some steps to try and improve ourselves within the realm of where we are at the moment to do that, but we just think that Nine Edge will be a real catalyst for us to drive forward and continue on our journey.”
Nine Edge Wealth CEO Derek Miles said there was a clear alignment in how the two companies viewed the future of financial advice and the role technology should play in providing improved services.
He continued: “Wealth Professional has built a highly respected business with a clear sense of purpose and an impressive footprint across the UK. We’re excited to support that journey going forward and help create even greater outcomes for both clients and advisers.”
The acquisition of Wealth Professional follows quickly on from Nine Edge Wealth’s first acquisition, with the company purchasing Edinburgh-based financial advisory RMS Limited in March 2026.
Find out more about the RMS Limited acquisition and the formation of Nine Edge Wealth here
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