Managing partner Andy Kerr told Daily Business it was expected to expand into Glasgow early in the new year, followed by a deal in the north east in the spring.

Last month it acquired Deans Investments, based in Hawick, whose adviser Neil Garden will join the enlarged firm, which currently has a team of 28 advisers. McHardy has another Borders office in Galashiels.

The firm is in the process of acquiring Thorntons Wealth which is relocating its Aberdeen and Edinburgh staff to McHardy’s offices in Bon Accord Crescent, Aberdeen, and Charlotte Square in the capital. Thorntons Wealth has informed its clients about the acquisition.

McHardy and Thorntons share a number of directors and shareholders and Mr Kerr said the office moves were part of an evolution of the businesses. Thorntons has also relocated its Dundee office to West Victoria Dock Road.

“We’re very busy. There are a lot interesting things going on,” he said