Two Merseyside-based wealth managers are joining forces to become what they say will be Wirral’s largest independent financial advisory firm.

Gee & Watson, based in Wirral, Merseyside, has acquired McEwan Wallace Wealth Management in a “multi-million pound” deal although the exact value was not disclosed.

The combined firm will have over £350 million ($460 million) in funds under management, with a 30-strong team of financial advisors and an 11-strong team of wealth managers. McEwan Wallace Wealth Management will continue to trade under the same name from its office in Birkenhead, Merseyside.

“The acquisition of McEwan Wallace Wealth Management will enhance our network and ability to service even more individuals and businesses in Wirral, across Merseyside and beyond,” said Adrian Cleator, managing director of Gee & Watson.

“We have developed an exceptional client base and are proud that we have achieved £120 million of influenced funds,” said Paul Cochrane, a former director of McEwan Wallace Wealth Management. “Bringing together the two businesses and sharing our expertise will greatly enhance the client experience and enable us to offer a wider range of services to both existing and new clients.”

This acquisition is Gee & Watson’s third within the last five years.