IFA and fund supervisor One 4 9 Group has acquired the Glasgow-based Chartered Monetary Planning agency APC Monetary Options & Consultancy Companies for an undisclosed sum.
The deal is One 4 9’s since launching in October 2021 and is its first transfer into Scotland.
The corporate says it’s planning additional acquisitions this 12 months after securing new funding from Copper Avenue Capital.
The acquisition of APC, run by an all-female crew, is the primary foray north of the border and will increase AUM to roughly £650m managed for nearly 2,000 purchasers. It boosts workers numbers to greater than 50.
APC Monetary Options & Consultancy Companies supplies complete Monetary Planning, notably targeted on funding and safety.
Gabrielle Beaumont, managing director, of One 4 9, mentioned: “I’m personally delighted to welcome Angela, Lynne and their colleagues at APC to One 4 9 Group.
“As we moved by means of the acquisition course of it grew to become very clear that the crew have constructed a extremely spectacular enterprise and I’m trying ahead to exploring the methods we are able to collaborate to ship a fair higher shopper expertise. The standard of their management crew, excessive worth purchasers and introducers made them a superb match, aligned with One 4 9’s values and long-term aspirations for the expansion of the enterprise.”
One 4 9 Group is aiming to construct a nationwide enterprise primarily by buying and partnering with monetary recommendation companies aligned with accountancy practices and different skilled companies companies along with standalone advisory companies.