Wealth advisory firm Towry has acquired Aberdeenshire-based adviser Conclusion Financial Planning for an undisclosed sum.
The acquisition will bring a further 50 clients and £15 million in assets under management to Towry’s 25,000 customers and £5 billion worth of client assets.
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Following acquisition, Conclusion Financial’s director John Pope and his son Guy will be moving to Towry’s Aberdeen office on Albyn Terrace.
The firm has also expanded staffing at its Aberdeen office and reported plans earlier this year that it was in discussions with 85 other firms across the UK.
Andy Cowan, head of wealth advice at Towry, said: "Towry has been keen to seek growth opportunities in some of our most important client regions, including in Aberdeenshire, and as such we see Conclusion Financial Planning as an excellent fit for our business."
"We are talking to a number of businesses at various levels, small, medium-sized, and some very large ones as well. We are very focused on growing the business and growing the shareholder value," Cowan added.
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By GlobalDataCowan added that Towry has already acquired three firms this year and has put in offers for seven more firms.
John Pope said: "Through the extensive services and investment management solutions that Towry offers, I am sure that this move will only serve to benefit our existing clients."
Conclusion Financial Planning has been providing financial advice for clients in and around Aberdeenshire since 2006.
John Pope was previously president of the Insurance Institute of Aberdeen and was chairman of the North of Scotland for the Personal Finance Society.
