Radiant Financial Group purchases two Scottish IFA firms

Total AUA £1bn

Ayesha Venkataraman
clock • 3 min read

The IFA consolidator, Radiant Financial Group, has entered the Scottish market with the acquisition of two IFAs.

It has acquired Perth-based IFA, GS Financial Services, which has £157m in assets under advisement (AUA), as well as 13 members of staff, including six advisers. Radiant has also acquired Aberdeen-based AMLP Financial Planning, which has £156m in AUA and six members of staff, including two advisers. These acquisitions add over £300m to the group's AUA bringing its total above £1bn, and its staff numbers to 110. Radiant hopes to further expand within Scotland and across the UK, it said. Established in 2020, Radiant terms itself a "client-centric" consolidator looking to work with busin...

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 Business

PA Awards 2024: Meet the Best Financial Advisers to Work For

PA Awards 2024: Meet the Best Financial Advisers to Work For

Identifying, recognising and honouring the best places of employment

Professional Adviser
clock 21 March 2024 • 1 min read
Divorce advice is 'niche' but needs more accredited IFAs

Divorce advice is 'niche' but needs more accredited IFAs

Clients can be like ‘rabbit in the headlights’ as divorce settlement nears

Jenna Brown
clock 20 March 2024 • 4 min read
All the advice firm acquisitions that have taken place in 2024

All the advice firm acquisitions that have taken place in 2024

Keeping track of the ongoing consolidation of the advice industry

Professional Adviser
clock 20 March 2024 • 1 min read