Glasgow adviser buys Pru spin-off in 'first of a number of acquisitions'

Boosts presence for middle wealth clients

clock • 2 min read

Glasgow advice and wealth management firm Gilliand Nelson Brown’s (GNB) recent acquisition of a Prudential spin-off could be the first of many purchases, its founding director revealed.

GNB's Richard Gilliand, who established the Chartered financial planning and wealth manager 18 years ago, said its purchase of Bishopsbriggs-based Prudent Financial Management aligned with the firm's growth strategy.   "We're quite ambitious and we want to grow the business and as part of that growth, we have been looking around to acquire another IFA or Chartered financial planning business," he said. Gilliand said after an extensive search GNB found Prudent, founded by former Prudential executives George Bryce, James Wilson and Stephen Brady 20 years ago, to fit their criteria. "...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

PA Asks: How much confidence do you have in chancellor Rachel Reeves?

PA Asks: How much confidence do you have in chancellor Rachel Reeves?

This week’s poll also looks at SIPP operator concerns and cryptocurrency

Professional Adviser
clock 17 January 2025 • 1 min read
Feel Good Friday: Cirencester Friendly's financial support initiative gives £69,116 in 2024

Feel Good Friday: Cirencester Friendly's financial support initiative gives £69,116 in 2024

Its 125 Foundation provides support to members suffering hardship

Professional Adviser
clock 17 January 2025 • 1 min read
Rathbones hit by £3.4bn Autumn Budget outflows but FUMA on the rise

Rathbones hit by £3.4bn Autumn Budget outflows but FUMA on the rise

Migration into single platform in H1 2025

Cristian Angeloni
clock 16 January 2025 • 2 min read