Nine Edge Wealth acquires Wealth Professional in second deal since launch adding £340m AUM
- Simon Bourke
- 1 day ago
- 2 min read
9th April 2026
Deal summary
Nine Edge Wealth has acquired Wealth Professional, a UK-wide financial planning and wealth management firm, for an undisclosed sum. Wealth Professional brings approximately £340m in assets under management and a team of four advisers. The deal is Nine Edge's second acquisition in under a month and broadens its UK footprint. Managing director Douglas Mitchell and his full team will join Nine Edge Wealth following completion.
About Nine Edge Wealth
Nine Edge Wealth is an independent financial planning and wealth management business launched in March 2026 by Derek Miles, formerly CEO of both Aspira Corporate Solutions and Titan Wealth Planning, alongside Kyle Augustin, previously CEO at Fintel IQ, and Jo Blake, also formerly of Titan Wealth. The firm is backed by B.P. Marsh and Partners, which holds a 30% equity interest and has provided a £5m loan facility to support Nine Edge's acquisition strategy. Matthew Dawson, the former England Rugby World Cup winner, serves as a non-executive director.
About Wealth Professional
Wealth Professional was founded in 2011 by Douglas Mitchell, who previously worked at Aegon UK. The firm serves clients across the UK, with principal hubs in London and the South East, the Midlands and Scotland, and has grown to manage approximately £340m in assets under management across a client base focused on directors, executives, business owners and multigenerational family wealth. Wealth Professional has also developed an Adviser Academy aimed at bringing through the next generation of financial planners.
Why is Nine Edge Wealth acquiring Wealth Professional?
Nine Edge launched with an explicit acquisition-led growth strategy, using its initial deal, Edinburgh-based RMS, as a regulatory launchpad and recurring revenue base. Wealth Professional represents a significant change in scale, adding £340m to the c.£70m platform Nine Edge launched with through RMS, taking disclosed AUM to roughly £410m. The deal also adds geographic breadth and a ready-made talent pipeline through the Adviser Academy.
Mitchell said Wealth Professional had reached a plateau and faced limits on further growth as an independent business. The attraction of Nine Edge was partly cultural, with Mitchell describing the values of the two businesses as “nigh on identical”, and partly operational. Nine Edge's technology-first model, which aims to reduce administrative and compliance burden on advisers, was cited as a key factor.
What happens next?
Mitchell and the wider Wealth Professional team are set to join Nine Edge following completion. Nine Edge has told clients that the same personal relationships and service will continue, now supported by the wider scale and capabilities of the group.
Nine Edge Wealth's other recent acquisitions
RMS Limited - March 2026
Acquisition of the Edinburgh-based advice firm with approximately £70 million in assets under management. The deal gave Nine Edge immediate regulatory permissions and a recurring revenue base at launch.
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