Glasgow Monetary Planner PPM to affix Evelyn Companions

Evelyn Companions has signed a deal for the workers and purchasers of Glasgow-based wealth supervisor and Monetary Planner PPM Wealth to affix Evelyn. 

The PPM Wealth staff will switch to Evelyn’s Glasgow workplace as a part of a Scottish enlargement technique.

The monetary preparations of the deal haven’t been disclosed.

PPM Wealth, based mostly in West George Road, Glasgow, has been in enterprise since 1984 and is a boutique wealth supervisor offering purchasers with discretionary portfolio administration and Monetary Planning.

The transfer will see a complete staff of eight transfer from PPM Wealth to Evelyn Companions.

Evelyn says the acquisition will not be a standard takeover of the enterprise however is a part of Evelyn’s succession planning programme for homeowners of monetary recommendation and funding administration corporations who wish to retire over the subsequent few years. In impact, Evelyn has employed the staff at PPM Wealth, who will then invite their purchasers to develop into purchasers of Evelyn Companions. 

The staff consists of chairman and co-founder of PPM Wealth, Alan Steven, who will assume a shopper relationship function, funding professionals Atif Latif and Ian Black, Monetary Planner Doug Corridor and 4 help workers.

Evelyn Companions, created by the merger of Tilney and Smith & Williamson in 2020, has lengthy roots in Scotland with Smith & Williamson having been based in Glasgow in 1881.

The agency now claims to be one of many largest wealth managers in Scotland, with workplaces in Aberdeen, Edinburgh and Glasgow.

Richard Dawes, head of Strategic Partnerships at Evelyn Companions, mentioned: “The match between PPM Wealth and Evelyn Companions is a superb one, with each corporations offering our purchasers with a joined-up mixture of Monetary Planning recommendation {and professional} funding administration to assist them obtain their monetary objectives.”

Alan Steven, co-founder and Chairman of PPM Wealth mentioned: “We’re excited to be becoming a member of Evelyn Companions, which we see as a wonderful long-term house for our staff and purchasers. It’s a formidable and rising enterprise, which is strongly dedicated to Glasgow, with a significant presence within the metropolis.

“Importantly, Evelyn Companions has comparable values to these we’ve got championed over the past 4 many years at PPM Wealth, with a robust deal with constructing long-term partnerships.”