MyWealthManagement Group has unveiled expansion plans aimed at increasing its workforce and scaling its operations over the next five years.
The weath and management mortgage brokerage firm, which is part of MyCapital Investment Holdings Ltd, will 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 said the firm is entering an exciting phase of our business.
"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.
"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," Mr Sheahan said.
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.
