Edinburgh based chartered financial planning firm Mackay Stewart & Brown has been bought by Close Brothers Asset Management for an undisclosed sum. MS&B is based in the central financial district of Edinburgh and specialises in advising private clients throughout the UK on their investments and pension plans.
Said John Mackay, Managing Director of MS&B (pictured, with team), “The deal gives our clients continuity of the high standard of service to which they are accustomed, plus access to Close Brothers Asset Management’s range of specialist financial planning services and investment expertise – a great outcome for everyone involved!”
Andy Cumming of Close Brothers Asset Management added, “The acquisition will further strengthen our integrated wealth presence in Scotland. As former winners of New Model Adviser of the Year, MSB are a perfect fit for us: client centric, chartered, and professionally managed.
“We are keen to hire more high-calibre financial advisers as we aim to be the ‘go to firm’ for professional integrated wealth management.”