The firm, which caters to high-net-worth and ultra-high-net-worth individuals, charities, and institutions, attributes this rapid growth to a strategic hiring policy and a robust demand for its integrated financial planning and investment services across the country.

The expansion was significantly bolstered in 2023 by the appointments of industry veterans Graeme Brock, Roger Haxton, and Lauren Austin. Brock and Haxton brought over 30 years of partnership experience to the firm, having previously been instrumental in the success of Smith & Williamson (now Evelyn Partners) and Greig Middleton (now Barclays Wealth).

According to Alan Reid, head of wealth planning at W1M Scotland, said: “Our team has worked incredibly hard over the past few years to grow W1M’s presence in Scotland and drive the business’ integrated wealth and investment offering.

“This success has been driven by our laser focus on growing the team and continually adding the best expertise to the firm, ensuring clients interact with specialists who can truly make a difference. The numbers speak for themselves, and we’re excited for what the future holds.

“W1M’s strong foundations and enhanced proposition following the firm’s recent merger will provide a firm platform for our business to continue flourishing in Scotland.”

Mr Brock, portfolio manager and head of W1M’s Scotland Office, added: “It’s been incredible to experience the firm’s transformation in such a short space of time. We pride ourselves on providing our clients with simple and accessible solutions to complex challenges.

“This is made possible by the seamless integration and collaboration between our wealth and financial planning teams, who have a deep understanding of their markets and solutions.

“Our service is underpinned by our company-wide disciplined investment process: global reach, direct access, and an active approach, which will continue to drive success across the firm despite economic headwinds.”