Management buyout at Glasgow wealth management firm
A Glasgow-based chartered financial planning company has completed a management buy out, supported by Clydesdale Bank.
Intelligent Capital Limited, which provides a total wealth management service for a range of personal and corporate clients, has seen a change of ownership with director David Bremner taking over control of the company.
Intelligent Capital, which is based in the city’s Morrison Street, provides advice and guidance to on all aspects of financial planning including tax, investment and pension advice.
Employee benefits and group pension advice is also offered by the corporate division within the group.
The firm has seen its turnover increase by more than 25 per cent in the last three years.
Director David Bremner, a family law expert who joined the business in 2014, said: “It’s encouraging to start the new year having completed the MBO and we are looking forward to continuing to support our customers and grow the business. We are grateful for the support and assistance provided by Clydesdale Bank SME Cashflow Finance team which has made the entire process painless and we look forward to working with the team at Clydesdale Bank, who will support us as the business moves forward.”
Mark Young, director, SME cashflow finance, at Clydesdale Bank, said: “At Clydesdale Bank, SME Cashflow Finance can enable profitable businesses, such as Intelligent Capital Limited, to implement their strategic goals through provision of innovative funding packages. Identifying suitable funding to facilitate growth, acquisition or succession within a business can at best delay or potentially prevent business owners implementing their strategic goals and curtail the evolution of the business.”