Partners Wealth Management, a London-based firm, recently announced its acquisition of Johnston Carmichael Wealth, a prominent Aberdeen-headquartered financial planning company. This strategic move aims to bolster the London firm’s presence in Scotland, marking a significant milestone in the expansion of both entities.
Johnston Carmichael Wealth, the wealth management arm of Johnston Carmichael, the largest independent firm of chartered accountants and business advisors in Scotland, manages a substantial portfolio of approximately £855 million in assets for over 1,500 private clients. Their services encompass a wide range of financial planning aspects, including investment management, retirement planning, estate planning, and business protection.
In the wake of this acquisition, all 60 employees of Johnston Carmichael Wealth will transition to Partners Wealth Management, ensuring continuity and stability for clients. Led by managing director Craig Hendry, the team will preserve the firm’s brand identity while tapping into the resources, investment solutions, and technology offered by Partners Wealth Management and its broader group, 7IM.
A Bright Future Ahead
Craig Hendry, managing director of Johnston Carmichael Wealth, expressed enthusiasm about the merger, highlighting the growth opportunities it presents for the firm. He emphasized that joining Partners Wealth Management would enable them to expand their services while upholding the high standards of client care that have defined their practice. The partnership with PWM is poised to elevate their capabilities, ultimately benefiting their clientele and reinforcing their commitment to excellence.
Mark Houston, chair and senior partner at Johnston Carmichael LLP, echoed this sentiment, underscoring the positive impact of the deal on the firm’s clients and employees. He emphasized that the collaboration with PWM aligns with their ambitious growth agenda, setting the stage for a new chapter of development and innovation. The acquisition signifies a transformative moment for Johnston Carmichael, promising enduring value for all stakeholders involved.
Strengthening Presence in Scotland
Fiona Oliver, managing partner at Partners Wealth Management, emphasized the strategic significance of the acquisition in expanding the firm’s footprint in Scotland. She commended Johnston Carmichael Wealth for its stellar reputation and client-centric approach, citing them as an ideal partner for future growth and collaboration. The integration of Johnston Carmichael Wealth into the PWM family represents a mutually beneficial alliance that aims to enhance financial services and foster long-term client relationships.
In conclusion, the acquisition of Johnston Carmichael Wealth by Partners Wealth Management heralds a new era of growth, innovation, and client service excellence. With a shared commitment to providing comprehensive financial solutions and personalized guidance, both firms are poised to create enduring value for their clients and communities. This strategic partnership underscores the resilience and adaptability of the financial services sector, showcasing the power of collaboration in driving positive outcomes for all stakeholders involved.
