Monetary Planning agency Calton Wealth Administration has acquired fellow Scottish adviser agency Morrison Personalised Wealth Administration (MPWM), its first acquisition.
Morrison’s founder and managing director Ian Morrison will be part of Edinburgh-based Calton as we speak as an employed adviser.
Calton was based in 2021 by skilled IFA and Monetary Planner Tom Ham. It presents bespoke Monetary Planning to shoppers and has workplaces in Edinburgh, London and the Scottish Borders.
Calton differentiates itself by charging mounted charges to shoppers for his or her monetary plans after which a most implementation charge of 1% of any cash invested.
Mr Morrison based MPWM in 2016 following a profession with a chartered IFA and was founding accomplice at Prudential Monetary Planning. He’s a Chartered Fellow of the CII and CISI.
Mr Morrison mentioned: “I’m thrilled to be becoming a member of forces with Calton. My work is guided by the ethos of offering the best high quality, skilled and private service to shoppers for an affordable charge.
“With the regulatory world altering, there’s extra strain on smaller corporations to hitch vertically built-in corporations and to then develop into a salesman for the larger agency’s merchandise. In contrast, I’m assured that by becoming a member of Calton, I can be becoming a member of a enterprise that shares my values, one that’s impartial, client-centric and targeted on the best high quality recommendation and companies.”
Mr Ham mentioned: “This primary acquisition is a vital milestone for all of us at Calton. MPWM is a superb enterprise with its shoppers’ greatest pursuits firmly at its coronary heart and that’s all the way down to the tradition that Ian has grown there. He additionally has an unlimited quantity of expertise and technical data which he’s eager to cross on.
“Ian will play an important new position within the enterprise as we go ahead: his mentorship and experience can be invaluable in shaping the following technology of Calton advisers.”