Wednesday, September 21, 2022
HomeFinancial PlanningSJP associate acquires Scottish Monetary Planner 

SJP associate acquires Scottish Monetary Planner 



The monetary administration arm of Scottish legislation agency Gilson Grey has acquired North Berwick-based Wallace Monetary Planning a ‘seven-figure’ deal.

Gilson Grey says the deal by its Gilson Grey Monetary Administration arm (GGFM), a St James’s Place associate, is a part of a progress technique.

The precise value paid for Wallace FP has not been disclosed however is north of £1m.

The deal will increase GGFM’s property below administration by 20%. GGFM says it additionally provides wealth administration experience to Gilson Grey’s authorized and property providers in East Lothian. 

GGFM is aiming to hold out additional acquisitions within the coming months. 

 

Scott Wallace, the previous proprietor of Wallace Monetary Planning, will be a part of GGFM as a monetary adviser. He has greater than 25 years’ business expertise and native information of North Berwick – the place he was born and raised – and will likely be liable for advising current non-public shoppers in addition to those that are becoming a member of the GGFM.

Wallace Monetary Planning will re-brand to turn into a part of GGFM however retain its present workplace premises in North Berwick. 

Steve Herkes, managing director of GGFM, mentioned: “Scott’s success in establishing a trusted and client-focused service exhibits his dedication to serving to his shoppers obtain their monetary targets. This method is an ideal match to Gilson Grey’s enterprise philosophy.

“We’re wanting ahead to delivering even stronger service to our shoppers and cementing our place in East Lothian because the go-to adviser for authorized, property, and monetary providers. Our intention is to supply the area people a full vary of providers that might usually solely be obtainable in cities. 

“The acquisition of Wallace Monetary Planning is the primary of what we hope will likely be a collection of offers within the months forward that may considerably improve our wealth administration footprint throughout Scotland.”

GGFM provides specialist monetary recommendation to personal and company shoppers across the UK. It’s a senior associate follow of wealth supervisor St James’s Place Wealth Administration. 

Gilson Grey was established in 2014 and supplies recommendation on legislation, property and finance. The agency has greater than 160 employees in 4 places of work in North Berwick, Edinburgh, Dundee and Glasgow.




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