Cork company aims to triple workforce this year

A Cork-based independent wealth management and mortgage brokerage firm is to significantly expand with a large increase in recruitment targeted over the next five years.

Cork-based MyWealthManagement (MWM) Group, part of MyCapital Investment Holdings Ltd this week announced plans to expand its team from its current 24 staff members to 80 by the end of 2025, primarily through mergers and acquisitions.

The company is targeting a workforce of 300 employees by 2030, committing to both national expansion and the 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 explained: “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.

“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 €10m towards its 2025 acquisitions strategy having identified a growing need among long-established, traditional brokerages, many of which are struggling with administrative, compliance, and marketing burdens. By offering an 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.”

MyWealthManagement has made several key appointments to its board of directors over the past few months. Stephen O’Driscoll, Director of Wealth commented: “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.