The move follows its recent acquisition of APC Financial Solutions & Consultancy Services in Glasgow, increasing overall AUM to over £800 million ($967 million), the firm said in a statement this week.

Russell Gibson Financial Management, established in 2007, provides advice on tax efficient alternative investments, and One Four Nine’s expertise in this space assured Russell Gibson that the needs of their clients could be managed post-acquisition, the firm added.

Welcoming the move, Gabrielle Beaumont, managing director of One Four Nine Group, said: “Tax efficient investing is a specialist area for One Four Nine Group and we were delighted to collaborate with Russell Gibson to explore how we could strengthen this aspect of their client offering during the acquisition process.”

“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,” she added.