Advanta Wealth has announced the acquisition of SMG Financial Options Ltd (SMG) in Ayrshire for an undisclosed sum.
Advanta’s first acquisition in Scotland this year is spearheading further announcements that are expected in the coming weeks.
Fast growing and providing customers with a multi-disciplined wealth management proposition centred around Chartered Financial Planners, Advanta continues to achieve substantial growth, with market leading levels of new business won each year through a highly satisfied customer base.
Commenting on the deal, Les Gray, Managing Director of SMG, said “Having decided that after running my business for 21 years it was time to retire, finding a firm who are focused on providing a high quality ongoing service but who can also offer additional services was absolutely key to me making this decision on behalf of my clients. Advanta has ably demonstrated its care for my clients.
Craig Webster, CEO of Advanta, added: “We are delighted that SMG are joining the Advanta team and that our planning for this deal has enabled a seamless transition of client responsibilities from Les to our advisory and servicing team. Les has worked hard to build his reputation and business and we are very pleased to have been chosen by him as the business to continue delivering the work his clients need.
With several other acquisitions in the pipeline Webster further commented “Clients are, quite rightly, demanding more from the firms they trust their financial planning to. Advanta is a firm focused on its clients by providing insight and understanding married with service, experience and qualifications. The new Consumer Duty and raising the standards of advice and service in the UK is central to our strategy of creating a professional environment for our clients.”
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