One Four Nine acquires second firm in Scotland

One Four Nine acquires second firm in Scotland

One Four Nine Group has completed its second Scottish acquisition with the purchase of Aberdeen-based Russell Gibson Financial Management Limited.

This move further expands the independent financial advice and fund management firm’s footprint into Scotland, following its recent acquisition of APC Financial Solutions & Consultancy Services in Glasgow, increasing overall AUM to over £800 million across c.2,500 clients and bringing staff numbers close to 70.

Russell Gibson Financial Management was established in 2007, whilst the founder’s experience in providing financial advice extends back to 1994. The team deliver financial advice including, where appropriate, tax efficient alternative investments.

One Four Nine’s deep sector knowledge in tax efficient alternative investing has proven to be a strong differentiator in the market, offering vendors and their teams the chance to either safeguard the service already provided to suitable clients long after the acquisition is completed (as is the case with Russell Gibson), or allowing advisers who don’t currently specialise in this area to broaden out their suite of client services supported by the administrative and regulatory oversight offered by One Four Nine’s central initiative.

Gabrielle Beaumont, managing director, commented: “Tax efficient investing is a specialist area for One Four Nine Group and we were delighted to collaborate with Russell Gibson to explore how we could strengthen this aspect of their client offering during the acquisition process.

“Scotland is a key area of expansion for us, having spent considerable time since launch seeking high quality businesses in the region whose values and commitment to excellent customer service match our own.

“I am delighted to welcome the Russell Gibson team to the One Four Nine family and look forward to helping them focus on what they do best – putting their clients first.”

Alan Ball, Russell Gibson Financial Management’s founder, commented: “Since inception we’ve built a firm that places clients at the heart of everything we do. One Four Nine Group embodied all the qualities we value – strong leadership, specialist expertise in tax efficient alternative investments, a collegiate culture, and impressive infrastructure for future development.

“Their obvious commitment to excellent customer service was pivotal in our decision as it meant ensuring our clients continue to receive the very best financial care available. Myself and the very talented team at Russell Gibson are very excited to begin this new chapter and flourish as part of the One Four Nine team.”

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