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Capital and Trust - September 22, 2022 - 0 minute read

The financial management arm of Scottish law firm Grayson Gray has acquired Wallace Financial Planning. It will retain its current office in North Berwick.

The deal by Gilson Gray Financial Management arm (GGFM), a St James’s Place partner, is part of a growth strategy. The acquisition increases GGFM’s assets under management by 20%.

Scott Wallace, the former owner of Wallace Financial Planning, joins GGFM as a financial adviser. He will be responsible for advising existing and new private clients.

GGFM is aiming to carry out further acquisitions in the coming months.

Managing director of GGFM, Steve Herkes, said: “Scott’s success in establishing a trusted and client-focused service shows his dedication to helping his clients achieve their financial objectives. This approach is a perfect match to Gilson Gray’s business philosophy.
We are looking forward to delivering even stronger service to our clients and cementing our position in East Lothian as the go-to adviser for legal, property, and financial services. Our aim is to offer the local community a full range of services that would typically only be available in cities. The acquisition of Wallace Financial Planning is the first of what we hope will be a series of deals in the months ahead that will significantly enhance our wealth management footprint across Scotland.”

If you’d like a confidential, obligation-free discussion about selling or acquiring a Wealth Management / Asset Management business, please click here, alternatively contact us on 0207-043-4300 or email us.

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