Founded in 2002 by Geoffrey Purcell, Kilkee has over 100 clients in Aberdeen and offers professional advice to families and individuals regarding their financial future. The transaction, for an undisclosed sum, shall facilitate Mr Purcell’s retirement planning but he shall remain with the business to deliver a suitable handover period for all of Kilkee’s clients.

Andrew Dines, head of AAB Wealth, said: “We are delighted to welcome the Kilkee team to AAB Wealth. The transition for Kilkee clients will be seamless as both of our firms offer an exceptional level of service from trusted advisers.

“Our diverse, rules-based approach to investing is the platform to provide a tailored financial plan to support their personal aims and ambitions, supporting our clients navigate the challenges we are all facing in these uncertain times.”

Geoffrey Purcell, director at Kilkee, added: “We have really enjoyed getting to know the AAB Wealth team over the last year and think we have found a great home for our team and clients.

“I feel very proud to have sold my business to an Aberdeen-based company with the calibre and reputation of AAB Wealth. The continuing wellbeing of both my clients and staff has been paramount as I considered my retirement plans.

“Knowing that my clients’ Financial Planning, and their investments, will be responsibly looked after into the future gives me great reassurance and peace of mind.”

The full team from Kilkee will join the AAB Wealth and will be based at the AAB Group office at Prime Four Business Park, Kingswells in Aberdeen.

AAB Wealth has experienced year-on-year growth since the firm was established in 2011, and the enlarged business will have revenue of c.£4.5 million and assets under advice (AUA) of c.£550m. The combined team of 25 is dedicated to helping families and individuals across Scotland, England and Northern Ireland to plan for the future with confidence.