The advice arm of Scottish law firm Gilson Gray has acquired Fife-based RS Robertson Financial Planning for an undisclosed sum.
The deal takes Gilson Gray Financial Management’s (GGFM) total assets under management to more than £650m ($810m, €734m).
RS Robertson Financial Planning was founded in the 1970s, with managing director Gordon Laing taking over in 2013.
Laing and a team of 12 financial planning and client relationship specialists will join Gilson Gray’s Dundee office. The move will see RS Robertson Financial Planning’s clients gain access to Gilson Gray’s wider legal and property offerings.
The acquisition of RS Robertson Financial Planning is GGFM’s second in 2023 following the purchase of Edinburgh-based Sarah Hughes Wealth Management. The St James’s Place (SJP) partner firm’s also acquired North Berwick-based Wallace Financial Planning in September 2022.
Steve Herkes, managing director of GGFM, said: “Gordon has decades of valuable experience and a well-established reputation for trusted financial advice in the region, and we know that GGFM will be a great fit for RS Robertson clients and team. The acquisition not only represents an opportunity for GGFM to expand and grow our presence in Fife, Dundee and Angus, but will see Gordon join the fold to help develop the business further.
“Gordon and I have known one another for around 10 years and have worked together on a few projects already. This is an exciting time for both businesses, with two growing firms coming together to bolster our combined offering for clients.
“In just two years since Gilson Gray first arrived in Dundee, the firm has gone from strength to strength with this acquisition further adding to the range of financial, property and legal services we offer in the local market.”
