Foster Denovo makes first acquisition of 2025 adding £87m AUA

This buy marks the firm's seventh acquisition in just over a year and adds £87m of assets under advice to its recently established Glasgow hub. Verum was founded by Tony McPhee in 2015. The business previously operated as a joint venture with an accountancy firm. The client base is mainly owner managed businesses and McPhee is supported by Angela Britton, Samantha McIntosh and Alison Kerr. The team will join the new office in the city's business district hub after Rosemount Asset Management came on board last summer. McPhee, who became an employed partner on the deal completing, sa...