Scotland-headquartered Calton Wealth Management has agreed to merge with advice company Edinburgh-based RMS Financial.
The financial terms of the deal were not disclosed.
As part of the deal, RMS Financial managing director Richard Murray will join Calton WM as financial planning director. Murray has been at the firm since 2013.
Tom Ham, founder and chief executive of Calton Wealth Management, said: “I am delighted that Richard has chosen to join the Calton team. Having someone of Richard’s calibre choose to work with us is both a vote of confidence in what we’re building here, and a statement of intent as to the quality of advice we offer.
“His collaborative approach to helping clients achieve their financial goals fits squarely with our ethos and his expertise will be an asset to the business as we go forward together.”
Murray added: “Tom and I have a true meeting of minds around shared values, putting clients’ needs at the forefront of the business and building the business around them.
“We work in a field that builds its success on relationships, both internally with each other, and externally with clients and other professionals. The team at Calton have made me very welcome and could not have helped more in making the transition as painless as possible. My clients and professional connections have welcomed the extra support and breadth of expertise that the team at Calton brings to my practice.”