One Four Nine expands into Scotland with acquisition of Glasgow-based all-female financial planning firm
The nationwide independent financial advice and fund management firm One Four Nine has completed its fourth acquisition with the purchase of Glasgow-based APC Financial Solutions & Consultancy Services.
The move expands the Group’s footprint into Scotland, increasing the firm’s Assets Under Management (AUM) to approximately £650 million across almost 2,000 clients and brings staff numbers to over 50.
The APC Financial Solutions & Consultancy Services team offer financial planning services across the investment and protection space. The firm, led by an all-female team, belongs to a small group of Scottish firms that have earned the prestigious title of ‘Chartered Financial Planners’ from the Chartered Insurance Institute (CII).
This latest transaction signals the strong momentum One Four Nine has built over the last 9 months, having attracted a significant network of adviser firms interested in the group’s comprehensive and supportive business infrastructure.
Gabrielle Beaumont, managing director of One Four Nine, commented: “I am personally delighted to welcome Angela, Lynne and their colleagues at APC to One Four Nine Group. As we moved through the acquisition process it became very clear that the team have built a highly impressive business and I am looking forward to exploring the ways we can collaborate to deliver an even better client experience.
“The quality of their leadership team, high value clients and introducers made them an excellent fit, aligned with One Four Nine’s values and long-term aspirations for the growth of the business.”
Matthew Bugden, chief executive officer, added: “It is hugely satisfying to see our acquisition programme continue apace especially with the high calibre of firms and advisers, such as the APC team, wishing to join our colleagues. Impetus for our expansion has been building since launch given our strong relationships across the financial advice sector resulting in a healthy pipeline of inbound queries from advisers attracted by our unique offering.
“With such a rich and diverse talent pool within the adviser market, I am confident that our numbers will continue to increase significantly by the end of the year and I would be delighted to hear personally from those advisers and firms who are looking at their own succession plans, to see where One Four Nine can help them.
“I anticipate the market hearing more from us in the coming weeks and months as we continue to deliver on our strategic plans.”