The addition of Verum Wealth marks FD’s seventh acquisition in just over a year and adds £87 million of assets under advice to its recently established Glasgow hub.

The transaction represents Macdonald Henderson’s second client disposal to FD, having acted in the sale of Rosemount Asset Management to FD in August 2024.

Verum was founded by Tony McPhee in 2015. He said: “When the due diligence process was cleared and the finishing line agreed, David, Cameron and the MH team pulled out all the stops to get the deal over the line in a very short time scale – great work and a big thank you.”