MWM Group completes fifth acquisition with purchase of Adelphi Financial Brokers
MyWealthManagement (MWM) Group has expanded its footprint in the Irish financial services sector with the acquisition of Waterford-based Adelphi Financial Brokers (AFB), marking the fifth deal completed by the group since the launch of its growth strategy in June 2025.
Founded in Waterford, Adelphi Financial Brokers provides financial planning advice to high-net-worth individuals, families and corporate clients.
The firm has built a client base of approximately 2,000 and employs six people.
Following the acquisition, MWM Group’s workforce has grown to 44 employees nationwide.
The latest transaction follows MWM Group’s acquisition of Inspire Financial’s book of business in December 2025 and its merger with Financial Innovations in March 2026.
The deals form part of a wider expansion programme backed by a €10m investment announced last year alongside the acquisition of Axiom Private Clients Limited.
MWM Group said it expects to oversee €750m in assets under advice (AUA) by the end of the second quarter of 2026 and has set a target of reaching €1.5bn in AUA by year-end through further acquisitions.
Commenting on the deal, Joey Sheahan, Head of Acquisitions at MWM Group, said Adelphi Financial Brokers had established a strong reputation in the market.
“Adelphi Financial Brokers is a highly respected business with a strong reputation for delivering high-quality financial advice and long-standing client relationships,” he said.
Sheahan added that the acquisition represented “another important step in our growth strategy” as the company continues to expand its presence across Ireland.
John O’Byrne, founding director of Adelphi Financial Brokers, said the transaction would enable the business to retain its local focus while benefiting from greater scale and resources.
Joey Sheahan Head of Acquisitions MyWealth Management Group and John O’Byrne Director Adelphi Financial Brokers
“Joining the group will allow us to continue delivering a personal service to clients locally, while also benefiting from the additional scale, resources and expertise that come with being part of a larger organisation,” he said.
MWM Group has stated a long-term ambition to grow its workforce to 300 employees nationwide by 2030, primarily through strategic mergers and acquisitions.
