This exciting development sees long standing financial planners Russell Anderson, Alan Davidson and Sam Goult appointed as shareholders and paving the way for future growth as one of Scotland’s largest financial planning firms.

“This is an exciting next step for the firm and will benefit our clients and team, developing our financial advice offering of the highest quality that is synonymous with the Aberdein Considine brand,” commented CEO Jen Paice.

AC Wealth is now a separate legal entity to Aberdein Considine LLP, with both firms maintaining a close working relationship based within the same offices and Aberdein Considine LLP retaining a majority interest. Going forward, clients of the financial planning firm will continue to benefit from the legal, property and mortgage expertise of the leading law firm.

The Financial Conduct Authority has formally approved AC Wealth as an independent business and the firm’s team of 13 Financial Planners and 23 staff will transfer over to AC Wealth. These changes to the business will enhance the service available to AC Wealth’s valued corporate and private clients, who will continue to receive a fully comprehensive financial planning service, of the highest quality, they have come to trust and rely on.

Future plans for growing financial planning

Looking ahead, the firm has high ambitions to develop its financial planning service to more clients across Scotland, continuing with its client centric approach.

Ms Paice explained: “For some time now, and in line with our client centric approach, our financial advice service has been transitioning from a traditional product-centric advice model, towards holistic financial planning, with a focus on clients’ broader financial goals and building lasting relationships with them, whether they require financial modelling, or advice on pensions, investments, estate planning or inheritance tax planning.”

Focusing on wealth across the generations

There remains a high demand across the UK for independent financial advice. A recently published FCA survey ‘Financial Lives’ 2024 has indicated some significant gaps across the UK with regards to financial savings and planning for the future, highlighting that in the 12 months to May 2024, only 9% of adults received regulated financial advice about investments, pensions or retirement planning.

“For anyone looking to ensure their financial plans are on track to accommodate the changing legislation and get clear advice on how to make the most of their wealth, there has never been a more important time to get advice, whether building up your wealth or passing on wealth to family and loved ones,” added Ms Paice.