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Evelyn Partners has announced that it has acquired the PPM Wealth team for its Glasgow office to expand its Scottish presence.
The move will see a total team of eight move across from PPM Wealth to Evelyn Partners.
The team includes chairman and co-founder, Alan Steven, who will assume a client relationship role, investment professionals Atif Latif and Ian Black, financial planner Doug Hall, and four support staff.
Richard Dawes, head of Strategic Partnerships at Evelyn Partners, said: “We are really delighted to welcome Alan and his team to Evelyn Partners as part of our business succession planning programme for owners of financial advice and investment management firms who are looking to retire over the next few years.
“The fit between PPM Wealth and Evelyn Partners is an excellent one, with both firms providing our clients with a joined-up combination of financial planning advice and professional investment management to help them achieve their financial goals. As PPM clients come across to Evelyn Partners, they can be assured of a continued high quality and holistic wealth management service.”
Alan Steven, co-founder and chairman of PPM Wealth, added: “We are excited to be joining Evelyn Partners, which we see as an excellent long-term home for our team and clients. It is an impressive and growing business, which is strongly committed to Glasgow, with a major presence in the city.
“Importantly, Evelyn Partners has similar values to those we have championed over the last four decades at PPM Wealth, with a strong focus on building long-term partnerships.”
PPM Wealth is a client focused Glasgow based boutique wealth manager that supports its clients with discretionary portfolio management and financial planning services.
