Close Brothers buys financial planning firm

Anna Fedorova
clock

Close Brothers Asset Management has acquired independent financial planning business Mackay Stewart & Brown.

Close bought the Edinburgh-based group for an undisclosed sum. Among its senior staff are managing director John Mackay and private client director Sue Hussin. Andy Cumming, head of advice at Close Brothers Asset Management, said the acquisition will strengthen the group's integrated wealth presence in Scotland. "We are keen to hire more high-calibre financial advisers as we aim to be the ‘go-to firm' for professional integrated wealth management," he said. Mackay added: "The deal gives our clients continuity of the high standard of service to which they are accustomed, plus acc...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Why the Kession ruling could reshape risk across financial promotion and AR structures

Why the Kession ruling could reshape risk across financial promotion and AR structures

‘Commercially, the implications are far-reaching’

Gareth Fatchett
clock 01 June 2026 • 5 min read
Advice firms report that around four in ten clients are vulnerable - MorganAsh

Advice firms report that around four in ten clients are vulnerable - MorganAsh

Data from the MorganAsh Resilience System

Jaskeet Briah
clock 28 May 2026 • 2 min read
Student loans present 'almost impossible' financial planning question

Student loans present 'almost impossible' financial planning question

To be a 'burden' for years to come, advisers say

Sophia Panayi
clock 28 May 2026 • 5 min read