Thistle Initiatives provides One Four Nine Group with regulatory due diligence support to acquire Russell Gibson Financial Management
The Investments team at Thistle Initiatives was engaged by One Four Nine Group to undertake compliance due diligence on the acquisition of IFA Russell Gibson Financial Management.
The acquisition of Russell Gibson is One Four Nine’s fifth IFA purchase since October 2021.
One Four Nine’s total assets under management have now reached over £800m across 2,500 clients.
One Four Nine managing director, Gabrielle Beaumont said: ‘Scotland is a key area of expansion for us, having spent considerable time since launch seeking high-quality businesses in the region whose values and commitment to excellent customer service match our own.’
Russell Gibson founder Alan Ball said: ‘One Four Nine embodied all the qualities we value – strong leadership, specialist expertise in tax-efficient alternative investments, a collegiate culture, and impressive infrastructure for future development.’
Alex Paschalis, Investments Director at Thistle Initiatives said: ‘It has always been a pleasure to work with the team at One Four Nine Group over the years and on this most recent acquisition. We’re excited to see what is next for One Four Nine Group and are looking forward to continuing to work with them over the many years to come’.