Independent financial advice and fund management group One Four Nine has bought Aberdeen-based Russell Gibson Financial Management for an undisclosed sum.
The deal expands One Four Nine’s footprint in Scotland, following the acquisition of APC Financial Solutions & Consultancy Services in Glasgow in July 2022.
Russell Gibson was established in 2007 and provides financial advice and tax-efficient alternative investments.
The acquisition brings the IFA group’s assets under management to £800m ($967m, €947m), members of staff to 70 and clients to around 2,500.
Gabrielle Beaumont, managing director of One Four Nine, said: “Tax efficient investing is a specialist area for One Four Nine Group and 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.”
This is the company’s fifth acquisition after it also bought Preston-based Charter Financial Planning and Greater Manchester-based Rice Whatmough Crozier, as well as Total Wealth Planning for an undisclosed sum.
