UK independent financial advice and fund management firm One Four Nine Group has purchased Glasgow-based APC Financial Solutions & Consultancy Services for an undisclosed sum.
The move expands the group’s footprint into Scotland, increasing assets under management to approximately £650m ($782m, €764m) across almost 2,000 clients and brings staff numbers to over 50.
The APC Financial Solutions & Consultancy Services team offers financial planning services across the investment and protection space.
This is the firm’s fourth acquisition after it bought Preston-based Charter Financial Planning and Greater Manchester-based Rice Whatmough Crozier, as well as Total Wealth Planning for an undisclosed sum.
Matthew Bugden, chief executive of One Four Nine Group, said: “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.”