Financial planning firm AAB Wealth has bought Aberdeen-based Kilkee Financial Services for an undisclosed sum.
After the deal, AAB Wealth will have revenue of around £4.5m and assets under advice (AUA) of around £550m ($661m, €623m).
Kilkee Financial Services was established in 2002 by Geoffrey Purcell. The firm has over 100 clients in Aberdeen and offers advice to families and individuals regarding their financial future.
All of the Kilkee team will join AAB Wealth in its Aberdeen office.
The transaction will help Purcell’s retirement planning, but he will remain with the business to deliver a suitable handover period for all of Kilkee’s clients.
Andrew Dines, head of AAB Wealth, said: “We are delighted to welcome the Kilkee team to AAB Wealth. The transition for Kilkee clients will be seamless as both of our firms offer an exceptional level of service from trusted advisers.
“Our diverse, rules-based approach to investing is the platform to provide a tailored financial plan to support their personal aims and ambitions, supporting our clients navigate the challenges we are all facing in these uncertain times.”
