Scottish accountancy firm French Duncan has re-branded its wealth management arm as French Duncan Wealth Management from French Duncan Financial Services.

The company said the rebranding will better reflect its style of practice and changes in the way that financial services are offered.

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In September 2015, French Duncan Wealth Management expanded its team by hiring chartered financial planners Kenny Stevenson as wealth manager and Peter McGowan as technical paraplanner.

French Duncan Wealth Management managing director Zane Hunter said: "Our rebranding more closely reflects our specialist offering of bespoke, fee-based financial planning and investment management advice and guidance to individuals and businesses, trusts and charities and marks the next phase of an ambitious evolutionary programme aimed at making French Duncan the exceptional mid-tier accountancy firm in Scotland.

"Following the Retail Distribution Review in 2013, the manner in which advisers charge their clients is now likely to be different for most investors.

"This has forced wealth management businesses to focus on the service they deliver, both at the start of a relationship and on an ongoing basis. Commissions are finally being phased out, which means that client fee arrangements need to demonstrate value for money.

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"Our rebranding is a statement of our intent to gain wider recognition as one of the highest quality boutique wealth management businesses in the UK."