Nationwide independent financial advice and fund management firm One Four Nine Group has completed its fifth acquisition with the purchase of Aberdeen-based Russell Gibson Financial Management.
This move further expands the group’s footprint into Scotland, following its recent acquisition of APC Financial Solutions & Consultancy Services in Glasgow, increasing overall assets under management to more than £800m across approximately 2,500 clients - and bringing staff numbers close to 70.
Russell Gibson Financial Management was established in 2007, founded by Alan Ball and Tom Hyslop.
Hyslop started out offering financial advice in 1994, while Alan Ball started in 2000.
Ball commented: “One Four Nine Group embodied all the qualities we value – strong leadership, specialist expertise in tax efficient alternative investments, a collegiate culture and impressive infrastructure for future development.
“Their obvious commitment to excellent customer service was pivotal in our decision as it meant ensuring our clients continue to receive the very best financial care available.”
Gabrielle Beaumont, managing director at One Four Nine, added: “Tax efficient investing is a specialist area for us, so we were delighted to collaborate with Russell Gibson to explore how we could strengthen this aspect of their client offering during the acquisition process.
“Scotland is a key area of expansion for us, having spent considerable time since launch seeking high quality businesses in the region whose values and commitment to excellent customer service match our own.”
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