IPS Capital, the multi-asset investment management firm, has completed a merger with Prospect Wealth Management. The transaction places the private client adviser firmly in the mid-sized market, with total assets under management of more than GBP600 million.

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.

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 complementary service to both business’s clients

IPS Capital was advised by Bruce Roxburgh of Roxburgh Milkins Limited.

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