Scotland-based financial planning company acquired by acquisitive wealth management firm
April 13th 2026
A UK consulting and financial planning company has been acquired by a newly-established wealth management firm in a deal supported by accountancy and advisory firm MHA.
Wealth Professional was established in 2011 and has grown to serve clients across the UK. The company is headquartered in West Lothian with operations across Scotland, the South East and the Midlands.
It has four advisers, approximately £340 million in assets under management and has also developed an Adviser Academy focused on developing the next generation of financial advisers.
The company has been acquired by Nine Edge Wealth, an acquisitive wealth management firm headquartered in Bristol which was launched earlier this year. The move represents the latest development in Nine Edge’s strategy and its second Scottish acquisition, following the purchase of RMS Financial in March.
The acquisition is designed to improve Wealth Professional’s operations, particularly its use of technology, to benefit both client service and adviser efficiency. It also strengthens Nine Edge Wealth’s position in the UK wealth management market as it continues to expand its national presence.
"We’re delighted to be working with Douglas and the team at Wealth Professional as we continue to grow Nine Edge Wealth. From our earliest conversations, there was a clear alignment in how we think about the future of advice and the role technology should play in delivering a better service."
“Wealth Professional has built a highly respected business with a clear sense of purpose and an impressive footprint across the UK. We’re excited to support that journey going forward and help create even greater outcomes for both clients and advisers."
Douglas Mitchell, Managing Director of Wealth Professional, said: “We’re excited about this opportunity because we had, as a business, probably reached a plateau. While we wanted to continue to grow, there were ceilings limiting our potential.
“Nine Edge Wealth’s vision was exciting for us and we wanted to be part of that. Their vision and their mission, and specifically the values on both staff and customers, are nigh on identical. That’s what made it a right fit for us."
“Our whole team really enjoy dealing with clients - that’s the fulfilling part of the job. We want to talk to them more, see them more and spend more time with them. Nine Edge’s developments will allow us to spend more time talking to clients and less time behind the scenes doing laborious administration and compliance. We’ll be far more efficient.”
MHA, the UK member firm of Baker Tilly International, advised Wealth Professional on the transaction. The advisory team was led by Rob Richardson and Daisy Stott.
"Acquisitions which allow companies to benefit from shared technology to improve efficiencies and service are becoming increasingly common, including in the financial services sector. This transaction is a great example of that."
“It will support Nine Edge Wealth’s rapid UK growth through the purchase of a strong, established firm with a brilliant client base, while allowing Wealth Professionals to quickly adopt new ways of working to benefit both its advisers and clients."
“We’re looking forward to seeing how Wealth Professional thrives over the coming years under the Nine Edge Wealth banner.”
Morton Fraser MacRoberts provided legal advice to the seller, Catalyst Partners acted as broker. Flower Group provided financial due diligence and Roxburgh Milkins provided legal advice to the buyers.
