Edinburgh-based Chiene + Tait Financial Planning has been acquired by its management team.
The deal, led by directors Mark Dobson and Gordon Birrell, will see them take full ownership of the firm from exiting shareholders Chiene + Tait.
The business was established in 2000 as an independent sister company of Chiene + Tait and has a presence in Edinburgh, Glasgow, Inverness, and London. It provides trusted and personalised financial planning advice to individuals, families, trusts, corporates, and charities.
As part of the change, the firm will rebrand as Seven Street Wealth and relocate its head office to new premises in the west end of Edinburgh.
Seven Street Wealth will continue to work with its former shareholders, recently rebranded as CT, on mutual clients and will support each other with accountancy and financial planning services.
Dobson said: “I am proud of what has been achieved, and of the people who make Seven Street Wealth what it is today. There are fewer independent financial advisory firms in the market, due to consolidation in our sector and Seven Street Wealth prides itself on being privately owned. Under our leadership, we are committed to a relationship driven, forward thinking and positive people culture, which both our clients and team value.”
Birrell added: “The success of the buy-out is testament to what we have built over the past decade, our loyal client base and talented team gives us the perfect platform to evolve and grow even further.”