AN independent fund management and financial advice firm has hailed its acquisitive expansion into Scotland and signalled further growth.
London-headquartered One Four Nine said it has completed its fourth acquisition with the purchase of Glasgow-based APC Financial Solutions & Consultancy Services.
It said it expands the group’s footprint into Scotland, increasing assets under management to £650 million across almost 2,000 clients, and brings staff numbers to over 50.
APC Financial Solutions & Consultancy, led by an all-female team, belongs to a small group of Scottish firms that have earned the title of “chartered financial planners” from the Chartered Insurance Institute.
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The latest transaction comes as One Four Nine has built momentum in the last nine months, having attracted a “significant network of adviser firms interested in the group’s comprehensive and supportive business infrastructure”.
Gabrielle Beaumont, One Four Nine managing director, said: “I am personally delighted to welcome Angela, Lynne and their colleagues at APC to One Four Nine Group.
“As we moved through the acquisition process it became very clear that the team have built a highly impressive business and I am looking forward to exploring the ways we can collaborate to deliver an even better client experience.
“The quality of their leadership team, high value clients and introducers made them an excellent fit, aligned with One Four Nine’s values and long-term aspirations for the growth of the business.”
One Four Nine said it plans further growth with the leadership team securing an additional tranche of equity funding from investors, through Copper Street Capital, to "further facilitate ambitious plans for scaling up and building a nationwide footprint”.
Matthew Bugden, One Four Nine chief executive, said: “It is hugely satisfying to see our acquisition programme continue apace especially with the high calibre of firms and advisers, such as the APC team, wishing to join our colleagues.
“I anticipate the market hearing more from us in the coming weeks and months as we continue to deliver on our strategic plans.”
One Four Nine did not say how much APC had under management.
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