Tweed wealth managers take the high road to a Highlands acquisition
The managers of WEALTH Tweed have taken over a financial advisory firm based in the Highlands.
The acquisition – the fourth in recent years – brings the company’s total assets under management to over £380m.
Edinburgh-based Tweed Wealth Management said all John Home Wealth Management staff would continue to work in Inverness.
Further investments are planned to expand both operations and staff.
Chris Tweed, Founder and CEO, said: “The acquisition has helped us realize our ambitious expansion plans north of the Central Belt.
“We see Inverness and the wider Highlands and Islands as offering huge potential for growth.
“While other businesses may focus solely on the central belt, we have always aspired to have national exposure across Scotland.”
Tweed said John Home and his team “started from scratch and built the firm into a leading practice in Inverness, so we have admired what they have achieved for a long time”.
He added: “The first thing you notice is how much they are appreciated by their customers.
“However, I think it says a lot that this respect is not just limited to customers, but shared by their peers and competitors.”
Tweed believes that both firms share similar values, including a focus on providing high quality financial planning while developing strong client relationships.
Home said, “Tweed brings great operational expertise and resources.
“They gave us the freedom to approach things the way we always have while adding resources and support where we needed them.”
Tweed, who started the firm with his wife Alison in 2014, said the firm’s goal was to create a forward-thinking financial advisory firm that supports families and business clients.
They also aim to provide talented people with the opportunity to work and achieve “great things”.
The latest acquisition has increased the workforce to 21. The firm has 10 financial advisers, six of whom are licensed – considered the “gold standard” in the industry.
John Home customers will continue to be served by the Inverness team, with additional support provided by Tweed.
“We understand the importance of customer-oriented services, so it was fundamental that we maintain them. The local expertise and knowledge of John and his team is invaluable and will be key to growing our advisor base in the region,” said Tweed.
He added: “We are actively reviewing a number of other acquisitions in the region and expect a number of these to be finalized in 2022.”