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Capital and Trust - February 23, 2023 - 0 minute read

One Four Nine has acquired Glasgow-based McCrea Financial Services for an undisclosed sum. Founded in 1999 and led by industry veteran Douglas McCrea, it is renowned for providing a comprehensive, but personal service to clients.

The acquisition sees the firm’s assets under management increase to £1.3bn, with One Four Nine now servicing 4,000 clients from seven locations across the UK. This is one of One Four Nine’s largest acquisition to date.

CEO Matthew Bugden said: “I am delighted to welcome the McCrea team to One Four Nine Group and see our energetic momentum for growth continue at pace for 2023. This is the single largest purchase we have made and highlights the depth and scale achieved in just over a year. We are now a sizeable business overseeing more than £1.3bn of client assets and expect to continue this progress over the next 12 months.”

Chief financial officer Patrick Goulding added: “I have got to know Douglas well over recent months. He is an exceptional individual with a tremendous track record and a strong work ethic. We are delighted that he will be continuing with the business and we know he and his excellent team will remain focused on their core strengths of client advice and business development. A high-calibre firm such as McCrea choosing to join our business is a strong endorsement of our strategy and we look forward to attracting similar high quality firms to the One Four Nine Group.”

McCrea Financial Services managing director Douglas McCrea added that it was One Four Nine’s client-centric approach that made the deal so attractive.

“They are very much a people business both with staff and also with their aim to look after both new and existing clients which is very much at the heart of how we have built McCrea over the last 24 years, after almost 40 years in the industry I felt a huge responsibility to ensure the future of our staff and clients are in good hands for the many years ahead.

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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