Verso Wealth Management has acquired Campbell Thomson Insurance Services.
Founded in 1978, Campbell Thomson is a second generation firm providing specialist financial advice for businesses and individuals across the UK.
The firm has a team of 13 advisors, planners, researchers and support staff, based in Glasgow, providing advice on assets exceeding £315m as at the second quarter of this year.
Campbell Thomson is the fifth acquisition by the Verso platform and the first in Scotland, expanding its advisory proposition and reach across the UK.
Its owners Stewart Thomson and Euan Bottomley will remain in the firm, working with Verso’s executive team to expand the firm's presence across Scotland.
Thomson said the team will be able to relinquish its day-to-day regulatory and operational hurdles and focus on what it does best; “providing our clients with the very best advice available“.
He added: “We view our partnership with Verso as a key part of our future growth strategy.”
Last year, Verso entered into a strategic partnership with Cairngorm Capital, which is backing its strategy to build a national wealth management group.
Verso chief executive Andrew Fa, said: “With the support of our strategic partners, Cairngorm Capital Partners and their buy, build and transformation expertise, we are pursuing an ambitious consolidation plan, to build a market leading wealth management group with capabilities in financial advice and investment management, powered by the Verso platform.
“Campbell Thomson forms an important part of this.”
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