Chartered financial planning and employee benefits consultants Mearns & Company has completed a management buyout.
Founded in 1994 by Margaret Mearns, the purchase was undertaken by managing director Catherine Bell, client services director Graeme Brown, financial planning director Graeme McInally and client strategy director Malcolm Steel.
The new ownership team currently has a combined 70 years working for the family-owned company.
The business employs 25 staff at its headquarters in Commercial Street, Edinburgh.
Bell said: “We are proud to take over the helm from our founder Margaret, who has grown the company to a successful business built on strong values.
“There is an ever-reducing number of independent financial advisory firms in the market, due to consolidation in our sector, and Mearns & Company prides itself on being privately owned and well placed to provide a consistent and personal service to our clients.
“Under our leadership we commit to driving innovation and nurturing a positive people culture, which both our clients and our team value.”
The family-owned ethos will be retained, with Margaret’s daughter Catherine Bell and son Malcolm Steel being an integral part of the new ownership team.
The buyout team was supported by accountants AH & Co and solicitors Herrington Carmichael.
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