Evelyn Partners, previously known as Tilney Smith & Williamson, has bought the client books of Glasgow-based adviser, Callan Anderson.
Founder of boutique financial planning business Equilibrium Financial Consultancy, Anderson had grown the business over 18 years.
He will now join Evelyn Partners’ Glasgow office as part of the firm’s client re-homing scheme, which allows advisers coming up to retirement to sell their businesses and migrate their clients.
Evelyn Partners also recently bought Capital Risk Management and MP2 Financial in Scotland. These deals added 10 joiners to the business under the succession scheme.
In an announcement today (July 27), Callan said his priority over the past 18 years has been putting clients first and looking after their life savings.
“The sheer volume of regulation that has weighed upon small firms during this time is forcing vast numbers to consolidate with bigger, better resourced partners,” Callan explained.
The founder said he was confident Evelyn Partners will do the “very best” for his clients, “without compromise”.
Evelyn Partners has offices in Glasgow, Edinburgh and Aberdeen.
The firm’s succession programme was launched in late 2021. Evelyn Partners’ strategic partnerships head, Richard Dawes, said the programme has “generated a great deal of interest” to date.
“This agreement means they [clients] will continue to receive a high-quality, personalised service while also benefiting from the investments we have made in the proposition and our technology,” said Dawes.
“Evelyn Partners’ presence in 26 towns and cities in the UK, as well as the Republic of Ireland and the Channel Islands, will allow him [Callan] to offer his clients a more localised service, no matter where they are based.”