Radiant Financial Group has entered the Scottish market with the purchase of two financial planning firms.
The consolidator group bought Perth-based GS Financial Services and Aberdeen-based AMLP Financial Planning.
GS Financial Services adds £157m in assets under advisement and 13 members of staff, while AMLP Financial Planning brings £156m and six staff.
Radiant stated that it plans to continue growing its presence in Scotland, adding that it is keen to speak with financial advisers who would prefer to focus more on servicing their clients than having to deal with the “infrastructure” running a firm.
AMLP Financial Planning director Angus Mackintosh said of Radiant: “Their focus on client service and great client outcomes, combined with understanding that our staff are the heart of the business, made the decision an easy one.”
George Stubbs, managing director at GS Financial Services, said: “When choosing the home for the future of our business, in particular for clients and staff, it was essential that the acquirer's values were aligned to ours.”
Radiant chief executive Simon Cogman-Hellier commented: “When IFAs are considering a new home for their business, we know it’s crucial that our values are in line with theirs.
“Radiant is not a typical consolidator, we don’t acquire businesses simply for the assets they advise on, the scale of funds under management is not a key factor for us when looking to partner with a business – much more important is the cultural fit.”
Established in 2020, Radiant's overall assets under advisement have now surpassed the £1bn mark, with 110 staff.
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