AAB Wealth breaks £300m assets under advice barrier

Anderson Anderson & Brown Wealth Ltd (AAB Wealth), one of Scotland’s leading independent financial planning firms, has announced a £100 million increase in assets under advice (AUA) over the last twelve months, taking the firm’s total AUA over £300 million.

This, the second consecutive year of increased AUA of around £100 million, demonstrates a period of significant, sustained growth.

While AAB Wealth continues to grow market share in Aberdeen, it recently announced its arrival in Edinburgh. The move to the capital has enabled the firm to broaden its footprint in the central belt of Scotland and expanding the offering in London is a further growth target.

The firm specialises in providing all-round wealth management, including an integrated tax offering, and attributes its recent growth to the quality of advice and service it continues to provide to clients, as well as a number of strategic developments across the firm, most notably team expansion and investment in the client offering.

Earlier this year, Fraser Porter joined a Partner and CEO of AAB Wealth.

AAB Wealth said the addition brought a broad range of leadership skills to the team in addition to significant experience of both Edinburgh and London markets. The number of client-facing advisors was also enhanced with the appointment of three financial planners across the Aberdeen and Edinburgh offices.

Keith Boyes, based in the firm’s Edinburgh office, has recently relocated from Hong Kong, bringing with him international financial planning experience in addition to his experience built in Scotland prior to moving overseas.

Andrew Reynolds, also based in Edinburgh, adds a variety of wealth management knowledge to the AAB Wealth team having worked with both corporate and personal clients throughout his career. Martyn Paterson has extensive experience in financial services gained over 30 years with Bank of Scotland Private Clients and will be based in the firm’s Aberdeen office.

Fraser Porter added: “We are delighted to welcome Keith, Andrew and Martyn to the team at what is an exciting time with plenty of new opportunities and change being embraced across the firm. Each of them bring a dynamic set of skills and experience which will complement our existing team and enhance our service provision.

“The growth achieved in this last year has been incredible and can be attributed in part to a number of our strategic activities including team expansion and broadening of business strategy to cover a wider geographic market. Most importantly though, the growth is really down to client demand. We are focused on providing each client with a first-class service, tailored to individual needs, and to building long term client relationships. A significant number of new introductions have come from our existing client base, which is pleasing and means we must be doing something right!

“We look forward, as a team, to building on the success achieved to date and continuing our focus on growth, expansion and enhancing our services to meet clients’ needs.”