Partners Wealth Management has bought Johnston Carmichael Wealth, adding £855mn in assets.
Following the deal, PWM, part of the 7IM group, now looks after combined assets totalling around £6bn on behalf of circa 5,500 clients.
Johnston Carmichael Wealth will retain its existing team, led by managing director Craig Hendry, and for the time being will continue to manage its brand.
PWM managing partner, Fiona Oliver, said: “We are delighted to welcome Johnston Carmichael Wealth to the PWM family.
“Their strong reputation, deep client relationships, and commitment to excellence makes them a perfect fit for our long-term growth strategy.
