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Pictured (L-R): Chris Tweed, Alison Welsh and Peter Mason
Tweed Wealth Administration has acquired the wealth administration arm of Highlands authorized agency Macleod & MacCallum.
The tie-up means Macleod & MacCallum Wealth Administration will develop into a part of Tweed Wealth Administration, bolstering the latter’s place as a monetary advisory drive within the area.
As a part of the deal, the authorized agency’s administrators will tackle a minority stake in Edinburgh-headquartered Tweed Wealth Administration.
The transfer comes two years on from the acquisition of Inverness’s John House Wealth Administration with half of the 30-strong enterprise’s client-facing group now working from the town. Its whole property below administration throughout all the enterprise now exceeds £435 million.
Alison Welsh, co-founder and managing director with Tweed Wealth Administration, mentioned: “This deal is a giant step ahead for the enterprise. It takes us to 6 client-facing advisers working from Inverness alone – however by way of our development plans imagine we will get that as much as no less than 14 inside the subsequent three years.
“Macleod & MacCallum is a prized model on this a part of the world and over greater than 50 years has served as trusted companion to hundreds of households within the Highlands and Islands.
“We’re excited to develop its wealth administration arm and imagine that its shoppers new and outdated, irrespective of monetary background, will profit from utilizing the service.
“The market on this area is extremely entrepreneurial and has a buoyant economic system so we imagine there’s nonetheless a variety of untapped potential.”
Peter Mason, joint managing director with Macleod & MacCallum, believes the deal will function one other alternative to focus on its monetary advisory companies for its current authorized and property shoppers.
Mr Mason mentioned: “Our ethos has at all times been to have the ability to assist our shoppers at each stage of life, and to have the ability to supply our companies to every technology of a household.
“One of many engaging facets of the Tweed group is that they shared our imaginative and prescient, and it was actually necessary for us to have a companion with the popularity and monitor report of Tweed, and that we all know will supply them a service second to none.
“Tweed Wealth Administration’s experience will supply our shoppers monetary options that can be capable to assist our shoppers at any stage of their lives. It’s a younger, dynamic and shopper focussed group, and so it was a pure stepping stone to assist develop our companies.”
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