Belfast-headquartered advice network Milecross Financial has spent £1.5m ($1.82m, €1.79m) to expand its operations across Scotland through acquisitions and mergers.
The three advice firms acquired by the business include Lanarkshire-based Cliftonhill Financial Services, Edinburgh-based Lynn Hay Financial Services and Aberdeen-based WA Mackie & Co.
In Aberdeen, Milecross has also merged with Duncan Davidson Financial Services and Opus Financial Planning.
The move advances the network’s plans to more than double in size throughout the UK in the next five years and comes just months after it launched its offering in England with a number of Yorkshire Building Society agencies.
With over £300m in funds under management, Milecross is an Openwork Partnership firm with over 30 offices and 100 advisers working from branches across Northern Ireland, Scotland and England.
Paul Dalzell, chief executive at Milecross, said: “Our core values of long-term sustainability, strong customer focus, colleagues who are valued and having a positive engagement with local communities are mirrored by each agency and adviser who has joined our operation in Scotland.
“We now have an even broader reach and range of services and support for clients across the region. Each agency has the flexibility to augment their own suite of products with the additional services Milecross can deliver including investments and mortgages from other providers through our financial advisers now based in each location.”
