Azets Wealth Management has purchased Glasgow-based Milne Craig for an undisclosed sum.
The wealth management and chartered accountancy firm will add more than 2,000 clients and 90 employees in Scotland and throughout the UK to Azets.
Milne Craig’s wealth management arm was founded in 1995 and now has 17 chartered advisers and support staff.
It offers a range of financial planning services including pensions, investments, family wealth planning, corporate investment, IHT planning and other bespoke requirements.
Kate Brown will continue to lead Milne Craig’s financial planning team which will now be rebranded to Azets Wealth Management.
Brown said: “I’ve been delighted to lead the development of Milne Craig’s wealth management offering over the past 25 years.
"I’m excited to continue this within Azets, a firm of significant scale that will give us great opportunities to develop our team and service offering further and remaining together with the Milne Craig colleagues in other parts of our business as we all join Azets.
“The team will continue to focus on supporting clients with their growth journey. We see clear synergies between Milne Craig and Azets and our strong focus on client service and needs in Scotland and beyond will continue.”
The deal will bolster Azets' offerings across accounting, tax, audit, corporate finance, payroll, and wealth management.
Mark Parkinson, chief executive of Azets, added: “Many people at Azets and Milne Craig already know and have worked with each other over a period of many years, so we are well aware of the quality and specialist expertise our new colleagues will bring.
“From those existing relationships to the proximity of our offices in Glasgow, we immediately identified a strong cultural fit. Importantly, the services that Milne Craig offers deepens Azets’ expertise. We are thrilled to welcome Kate and the financial services team into Azets, marking the latest milestone on the Group’s growth journey.”
alina.khan@ft.com
