Gilliland Neilson Brown acquires Prudent Financial Management
Reading time: 2 minutes
Glasgow-based chartered financial planners and wealth managers Gilliland Neilson Brown has announced the acquisition of the client portfolio of Bishopbriggs-based Prudent Financial Management.
Richard Gilliland and Ailsa Brown of Gilliland Neilson Brown with Stephen Brady of Prudent Financial Management
This deal takes its funds under management from £80m to £100m.
Richard Gilliland, chairman of Gilliland Neilson Brown, said: “The acquisition is part of Gilliland Neilson Brown’s assertive growth strategy, with further acquisitions being actively sought in order to reach a target of funds under management of £250m.
“Gilliland Neilson Brown will take on a member of Prudent Financial Management’s team, with their three directors - all of whom had originally worked for Prudential - retiring. The transaction has very recently completed.
“Prudent have traded for around 20 years and the retirement of its directors offered a rare opportunity within the market for the acquisition of clients of an extremely well-run and successful business.
“This acquisition, against the current economic backdrop, represents a positive news story of a firm with an 18-year heritage thriving and looking to expand throughout Scotland.”
Established in 2001, the team at Gilliland Neilson Brown Ltd has many years’ experience providing practical financial planning advice to people, families and businesses in Glasgow and the surrounding area.
Share this article:
Subscribe to our newsletter to not miss articles like this one:
SUBSCRIBE
