- Expansion Plans Include Recruitment and a €10 million Commitment to Acquisition of Brokerages Seeking Medium- to Long-Term Exit Strategy
- Leadership Team Strengthened with New Board Appointments Ahead of Nationwide Growth Strategy
Cork-based MyWealthManagement Group, one of Ireland’s fastest-growing independent wealth management and mortgage brokerage firms and part of MyCapital Investment Holdings Ltd., has unveiled expansion plans aimed at significantly increasing its workforce and scaling its operations over the next five years.
In an ambitious move that reflects the company’s growth trajectory, MyWealthManagement (MWM) announced plans to expand its team from its current 24 staff members to 80 by the end of 2025, primarily through strategic mergers and acquisitions. The company is targeting a workforce of 300 employees across the country by 2030, demonstrating its commitment to both national expansion and the continued growth of its services.
In recent months MWM Group has completed the acquisition of Axiom Private Clients Ltd., founded by Certified Financial Planner (CFP) Thomas Roche, the newly appointed MWM Director of Private Equity.
Mark Ryan, CFP and former Head of Wealth in Mercer has also taken up a senior leadership role within the MWM team together with Stephen O’Driscoll, formerly of Bank of Ireland and Joey Sheahan, founder of MyMortgages.ie and author of The Mortgage Coach. Former EY regional Managing Partner John Higgins is Chair and Independent Non-Executive Director of the Group.
Joey Sheahan, Head of Acquisitions at MyWealthManagement Group spoke of their plans,
“We are entering an exciting phase of our business, with a clear focus on recruiting top talent and acquiring strong brokerages to accelerate our growth. We are poised to expand significantly in the coming months and years, creating a multitude of opportunities in key areas of wealth management, financial planning, and mortgage brokerage.”
“Building a strong team is similar to building a strong sports team. We are bringing competent people with different skill sets into the company. Like a prop forward in rugby can push a scrum back and an out-half can kick the ball. Two very different skills which complement each other.”
Currently, the company operates from three offices in Dublin and Cork.
Mr. Sheahan continued,
“We have 4 further acquisitions we expect to complete in 2025, at which point we will have 80 staff, 6 offices in 4 counties, serving over 30,000 customers across Ireland.”
The recruitment drive aims to attract experienced professionals across these sectors, as well as brokerages seeking an exit strategy. The company has committed €10 million towards its 2025 acquisitions strategy having identified a growing need among long-established, traditional brokerages, many of which are struggling with the administrative, compliance, and marketing burdens of the business. By offering a unique opportunity to merge, the company is positioning itself as a solution for those looking to step back from day-to-day operations and focus on client-facing work/retirement.
Mark Ryan, Director of Post-Retirement explained,
“We understand that many brokers face increasing challenges in today’s evolving financial landscape, and we want to be a partner that makes their transition easier.”
In addition to the recruitment of financial professionals, MyWealthManagement has made several key appointments to its Board of Directors over the past few months, strengthening the company’s leadership and governance.
Stephen O’Driscoll, Director of Wealth went on to comment,
“We are confident that our leadership team, combined with our focus on scaling efficiently and effectively, will ensure that our business remains a safe and trusted provider of financial advice for new and existing clients.”
MyWealthManagement’s expansion is also supported by MyMortgages.ie, a leading mortgage brokerage in Ireland.
As part of its expansion plans, MWM Group is focusing on strengthening its presence in key areas such as:
- Retirement Planning
- Savings and Investments
- Tax and Estate Planning
- Protection Planning
- Mortgages
- Corporate Savings and Group Pension Schemes
