Gilson Gray, a UK-based law and financial advice firm and part of St James’ Place (SJP) network, has purchased two IFA firms in order to expand its financial management arm.
It acquired A MacLeod Financial Services and The Lindsay Practice, which are led by Angus Macleod and Alastair Lindsay respectively.
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The acquisition will boost Gilson Gray’s assets under management to over £100 million and has added £2.4 million in capital value to the firm’s balance sheet.
Additionally, the firm is targeting £500 million of assets under management within five years and is looking for further financial advice businesses acquisitions.
Glen Gilson, managing partner at Gilson Gray, said: "Our strategy is to attract the best talent in their respective markets. Angus and Alastair’s businesses are a strong fit for us strategically and we are delighted to have them on-board.
"The full suite of services that we can now offer is compelling, allowing clients to secure expert legal and financial advice all under one roof," Gilson added.
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By GlobalDataAngus Macleod said: "There is a very obvious and natural fit between legal and financial services firms, but it’s also important to have like-minded strategies and that is very much the case with Gilson Gray.
Alistair Lindsay said: "The amount of regulatory change and unrest in the finance sector in recent years has led to an even greater fit between the legal and financial sectors and my clients will now have the added reassurance of having a legal practice at the spine of the business.
"Clients will have the opportunity to secure expert guidance from a team of multidisciplinary advisors who have a comprehensive perspective on their affairs and objectives," he added.
Gilson Gray, which was launched in May this year and based in Glasgow and Edinburgh, will provide advice on mortgages, investments, pensions, protection/insurance and tax planning.
Based in Edinburgh, The Lindsay Practice offers a bespoke wealth management service.
