Edinburgh advice firm, Chiene + Tait Financial Planning, has been acquired by its management team and will rebrand to Seven Street Wealth.
The deal, which was led by directors Mark Dobson and Gordon Birrell, will see the management take full ownership of the firm from the exiting shareholders Chiene + Tait LLP.
As part of the changes, the firm will rebrand as Seven Street Wealth and relocate its head office to new premises in the west end of Edinburgh.
Speaking on the deal, Dobson said: “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.”
He added that, under their leadership, they are committed to a “relationship driven, forward thinking and positive people culture”.
Dobson added that this would be extended to both 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 perfect platform to evolve and grow even further.”
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.
The rebrand was explained by the firm, saying that it “bridges heritage and modern values” and draws inspiration from the firm’s first office on Dublin Street to Dundas Street.
Seven Street Wealth practice manager, Emily Dobson, who led the rebrand, commented: “The transition to Seven Street Wealth encapsulates progress and legacy.
“It represents the evolution we stand for while paying homage to our esteemed foundation.”
The business was established in 2000 as an independent sister company of Chiene + Tait LLP and has a presence in Edinburgh, Glasgow, Inverness, and London.
It provides financial planning advice to individuals, families, trusts, corporates, and charities.
tom.dunstan@ft.com
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