Scottish wealth manager Tweed Wealth Management has acquired Inverness-based John Home Wealth Management.
The deal brings total assets under management at the firm, part of St James’s Place, to £380m.
All existing staff, including principal John Home, have joined the Tweed team and continue to be based in Inverness.
Clients of John Home will continue to be served by the Inverness team, with additional administrative support provided by the Tweed team based in Edinburgh.
Tweed has plans to expand both operations and headcount in the Highlands.
Chris Tweed, co-founder and CEO of Tweed Wealth Management, said: “We see Inverness and the wider Highlands and Islands as offering huge growth potential for Tweed Wealth Management.
“While other firms may focus on only the Central Belt, we have always aspired to have national exposure across all of Scotland and view the Highlands and Islands as critical to our success.”
Mr Tweed started Tweed Wealth Management with his wide Alison in 2014.
He said that the firm is “actively looking” at a number of other Scottish acquisitions and expects a number of deals to complete in 2022.
The firm now has 10 financial advisers, including six Chartered Financial Planners.