Gilliland Neilson Brown, Chartered Financial Planners and Wealth
Managers, based in the IFSD has acquired the client portfolio of
Bishopbriggs-based Prudent Financial Management, taking their funds
under management from £80m to £100m.
Richard Gilliland, Chairman, Gilliland Neilson Brown said: "The
acquisition is part of Gilliland
Neilson Brown's assertive growth strategy, with further
acquisitions being actively sought, 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."
"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, 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.
Image shows Richard Gilliland (left) and Ailsa Brown of
Gilliland Neilson Brown with Stephen Brady of Prudent Financial
Management.