Edinburgh-based WealthFlow’s experience in managing the intricacies of financial planning for clients with financial settlements complements AAB Wealth’s holistic approach to financial advice, ensuring clients continue to receive expert, personalised guidance.

This acquisition will enable AAB Wealth to provide an enhanced range of services to clients across the UK, including those with specific and complex financial needs.

Andrew Dines, head of AAB Wealth, said: “This is a very exciting development as we continue to expand our service offering, and strengthen our capabilities to deliver specialist financial planning services to a wider audience.

“We’re equally thrilled to report that this exciting deal brings our total assets under advice to more than £1bn – an exceptional statistic which speaks volumes about the trust placed in our advisors and the quality of their investment strategies.

“WealthFlow directors Duncan Glassey, Helen Learmonth and their team have built an outstanding reputation within the financial planning profession, particularly in the niche area of financial medical negligence and injury settlements, and we look forward to integrating their expertise into our operations.”

Duncan Glassey and Helen Learmonth added: “In AAB Wealth we have found a firm that shares our values and commitment to providing the highest standards of financial planning advice, and we can’t wait to start working with the wider team.

“We are particularly excited about the opportunities this presents for our clients, who will benefit from broader resources including specialist tax expertise.

“AAB Wealth is such a great fit for us, ensuring the most complex financial needs receive the best possible long-term support, combined with truly independent financial advice.”

This deal marks the third acquisition AAB Wealth has made since January 2023.