ONE FOUR NINE ACQUIRES ABERDEEN-BASED FINANCIAL ADVISER

One Four Nine has made its fifth acquisition of the year, with purchasing Russell Gibson Financial Management, bringing its overall assets under management to £800m. The deal comes a month after the consolidator bought Glasgow-based chartered financial planning firm APC Financial Solutions & Consultancy Services.

Founded in 2007, Russell Gibson Financial Management focuses on tax efficient investments. Gabrielle Beaumont, One Four Nine’s managing director said how the company is delighted to pair up with Russell Gibson to explore how to strengthen this aspect of their client offering during the acquisition.

She went on to say, “Scotland is a key area of expansion for us, having spent considerable time since launch seeking high quality businesses in the region whose values and commitment to excellent customer service match our own”

One Four Nine plans to continue its acquisition strategy to further accelerate building a national footprint.

In particular, the group said it is focusing on buying and partnering with financial advice businesses currently owned or aligned with accountancy practices and other professional services firms, as well as standalone advisory firms.

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