Gilson Gray Financial Management (GGFM), the financial services arm of law firm Gilson Gray, has acquired North Berwick-based Wallace Financial Planning.
The seven-figure deal is the first step in GGFM’s growth strategy and increases its assets under management by 20%.
Scott Wallace, the former owner of Wallace Financial Planning, joins GGFM as a financial adviser, with more 25 years’ industry experience and local knowledge of North Berwick.
Wallace Financial Planning will re-brand to become part of GGFM, but retain its current office premises in North Berwick.
Steve Herkes, managing director of GGFM, said: “Scott’s success in establishing a trusted and client-focused service shows his dedication to helping his clients achieve their financial objectives.
“We are looking forward to delivering even stronger service to our clients and cementing our position in East Lothian as the go-to adviser for legal, property, and financial services.
“Our aim is to offer the local community a full range of services that would typically only be available in cities,“ he continued, adding: “The acquisition of Wallace Financial Planning is the first of what we hope will be a series of deals in the months ahead that will significantly enhance our wealth management footprint across Scotland.”
GGFM is a senior partner practice of St. James’s Place Wealth Management, as well as offering clients access to integrated services available through its parent legal firm, including property, corporate and private client matters.
Established in 2014, Gilson Gray now has more than 160 staff across four offices in North Berwick, Edinburgh, Dundee and Glasgow.
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