Old Mutual Wealth Private Client Advisers (OMWPCA) has acquired DG Pryde, a Scottish advisory business, for an undisclosed sum.

Duns-based DG Pryde was set up in 2005. Most of its customers are located in London and the South East.

DG Pryde founder and director Douglas Pryde said: “After spending 30 years building DG Pryde, and having conducted extensive due diligence on potential buyers of my business, I’m happy that my clients are being left in capable hands.

“I look forward to working with Old Mutual Wealth Private Client Advisers as a consultant to ensure clients continue to receive the tailored experience they are familiar with.”

The latest deal adds £200m in assets under advice to OMWPCA’s portfolio.

OMWPCA director Dominic Rose said: “This is a fantastic opportunity to grow our business and give DG Pryde’s clients continued access to quality, face-to-face financial planning. As a firm that has focused on providing a personalised service, DG Pryde is a good cultural fit with Old Mutual Wealth Private Client Advisers.”

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OMWPCA, a unit of Quilter, currently has over 50 financial advisers across the UK. OMWPCA has bought several advice firms since its inception in 2015, the most recent deal being its acquisition of A&M Financial Services.