Wealth management and professional services group Tilney Smith & Williamson (TSW) has strengthened its presence in Scotland by acquiring Capital Risk Management and the owner of its appointed representative firm MP2 Financial which will join its Edinburgh office.
The financial terms of the deals were not disclosed.
Both businesses, currently based in Coates Crescent in Edinburgh, provide financial planning, retirement and investment planning services to individuals, families, businesses and trustees.
Capital Risk Management directors Grant Walker and Willie Crockett, as well as eight staff, will move into TSW’s office in Edinburgh.
John Mortimer of Edinburgh-based MP2 Financial will also be joining TSW as part of the move.
‘Considerable interest’
Richard Dawes, head of strategic partnerships at TSW, said: “The agreements we have reached with the teams at Capital Risk Management and MP2 Financial Limited represent the third and fourth deals as part of our succession programme for financial advisers approaching retirement.
“We have had considerable interest in the scheme since we launched it late last year and invite other advisers who have built their own businesses who are starting to think about their own succession planning to get in touch.
“The programme allows firms to benefit from the significant investments we have made in recent years to our proposition and technology, while also providing a great new home for their clients through an orderly transition.”
This comes several months after TSW acquired IFA firm FP Solutions as part of the succession programme.
