Edinburgh-based Tweed Wealth Management has acquired John Home Wealth Management from Inverness in a seven figure deal.
Its fourth acquisition in recent years brings total assets under management to more than £380m.
Under the move, all existing staff, as well as founder John Home, will join the Tweed's team and continue to be based in Inverness.
The firm plans to invest in the Inverness office and expand its operations and headcount.
Clients of John Home will continue to be served by the Inverness team, with additional administrative and back office support provided by the Tweed team based in Edinburgh’s Rutland Square.
The deal has increased Tweed's staffing level to 21, with 10 financial advisers, including six chartered individuals.
Tweed also confirmed it is planning further acquisition in the Highlands and expects some to be completed this year.
Co-founder and chief executive Chris Tweed said: “The acquisition helped us to meet our ambitious expansion plans further North.
“We see Inverness and the wider Highlands and Islands as offering huge growth potential - while other firms may focus on only the Central Belt, we have always aspired to have national exposure across all of Scotland and view the Highlands and Islands as critical to our success.”
Principal and founder John Home added: “This brings a great deal of operational expertise and resources - Tweed have provided us with the freedom to approach things the way we always have while adding resources and support where we have required it.”
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