By Alina Khan
Evelyn Partners has acquired Glasgow-based wealth management firm PPM Wealth via its adviser succession programme.
The acquisition will see eight people move across from PPM Wealth to Evelyn Partners including chairman and co-founder of PPM Wealth Alan Steven, investment professionals Atif Latif and Ian Black, and financial planner Doug Hall.
PPM Wealth is a boutique wealth manager that supports its clients with discretionary portfolio management and financial planning services.
Richard Dawes, head of strategic partnerships at Evelyn Partners said: “We are really delighted to welcome Alan and his team to Evelyn Partners as part of our business succession planning programme for owners of financial advice and investment management firms who are looking to retire over the next few years.
“The fit between PPM Wealth and Evelyn Partners is an excellent one, with both firms providing our clients with a joined-up combination of financial planning advice and professional investment management to help them achieve their financial goals.
“As PPM clients come across to Evelyn Partners, they can be assured of a continued high quality and holistic wealth management service.”
This deal is Evelyn’s ninth since the launch of the succession planning programme in 2021. The other eight include Gavin Tansey Financial Services, Scholes & Brown, 2hWealthcare, Equilibrium Financial Consultancy, Explore Wealth Management, FP Solutions, Capital Risk Management and MP2 Financial.
This story originated on our sister publication, International Adviser.
