Financial advisers Martin Welsh and Kieran Taylor, both of whom graduated from St James’s Place Academy (SJP Academy), have teamed up to set up an advisory firm in Scotland.

Dubbed Welsh & Taylor Wealth, the new firm is a representative of SJP Wealth Management.

The new business, which launched with 250 clients, aims to boost the financial wellbeing of clients and enable them to make positive decisions.

It is currently staffed by Emma Murison and Maddie Stephen who hold the roles of finance co-ordinator and practice co-ordinator, respectively.

All team members of the new business have formerly served at SJP practices.

Commenting on the new venture, Taylor noted: “We also want to help people understand that wealth can be built, from early on in your career right through to thinking about retirement.

“Investing in financial knowledge and support from a professional can be a daunting prospect, however we strive to remove the jargon and overwhelming nature that is often associated with financial advice.”

Welsh added: “We are looking forward to continuing the relationships that we have built with our existing clients, as well inspiring individuals and business-owners to feel confident in their financial future.”

Notably, last month, SJP announced the acquisition of Scottish financial adviser Policy Services (PSL).