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One Four Nine Group has completed its fifth acquisition with the purchase of Aberdeen-based Russell Gibson Financial Management Limited for an undisclosed sum.
This move further expands the group’s footprint into Scotland, following its recent acquisition of APC Financial Solutions and Consultancy Services in Glasgow, increasing overall AUM to over £800m across about 2,500 clients, and bringing staff numbers close to 70.
Russell Gibson Financial Management was established in 2007, whilst the founder’s experience in providing financial advice extends back to 1994.
One Four Nine Group recently launched its tax efficient alternative investment panel exclusively for all its locations and advisers following a comprehensive screening of product providers and fund managers.
Gabrielle Beaumont, managing director, said: “Tax efficient investing is a specialist area for One Four Nine Group and we were delighted to collaborate with Russell Gibson to explore how we could strengthen this aspect of their client offering during the acquisition process.
“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. I am delighted to welcome the Russell Gibson team to the One Four Nine family and look forward to helping them focus on what they do best – putting their clients first.”
Alan Ball, founder, Russell Gibson Financial Management, added: “Since inception we’ve built a firm that places clients at the heart of everything we do. One Four Nine Group embodied all the qualities we value – strong leadership, specialist expertise in tax efficient alternative investments, a collegiate culture, and impressive infrastructure for future development.
“Their obvious commitment to excellent customer service was pivotal in our decision as it meant ensuring our clients continue to receive the very best financial care available. Myself and the very talented team at Russell Gibson are very excited to begin this new chapter and flourish as part of the One Four Nine team.”
