Advanta Solutions makes three Scottish acquisitions

Seven more acquisitions planned after private equity investment success

Ayesha Venkataraman
clock • 1 min read

Advanta Solutions has purchased three firms in Scotland as part of its growth strategy, adding to its existing business based in Glasgow.

The acquisitions of SMG Financial Options, Ann Bellingham Financial Services and M&I Independent Financial Services were announced today (14 October) and add £100m assets under management (AUM) to Advanta. Advanta chief executive Craig Webster said: "As we continue to grow our business across the UK, we are delighted to have three fantastic businesses join our team and reinforce our commitment to delivering advice in Scotland."   The firm has also announced it has opened a new office in Dundee and secured a "significant investment" from Beech Tree Private Equity, and is actively seeki...

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