Latest deal boosts AAB Wealth assets under advice beyond £1 billion

AAB Wealth, a leading provider of tailored financial planning and wealth management services, has today announced the acquisition of specialist financial planning firm WealthFlow.

The acquisition marks a significant milestone in AAB Wealth’s growth journey, bringing the total assets under advice (AUA) to over £1 billion.

Edinburgh-based WealthFlow’s experience in managing the intricacies of financial planning for clients with financial settlements complements AAB Wealth’s holistic approach to financial advice, ensuring clients continue to receive expert, personalised guidance.

The deal strengthens AAB Wealth’s position as a leader in the financial planning sector, offering clients across the UK an enhanced range of services to meet specific and complex financial needs.

Andrew Dines, Head of AAB Wealth, commented:

“This is a very exciting development as we continue to expand our service offering, and strengthen our capabilities to deliver specialist financial planning services to a wider audience.

“We’re equally thrilled to report that this exciting deal brings our total assets under advice to more than £1 billion – an exceptional statistic which speaks volumes about the trust placed in our advisors and the quality of their investment strategies.

“WealthFlow Directors Duncan Glassey, Helen Learmonth and their team have built an outstanding reputation within the financial planning profession, particularly in the niche area of financial medical negligence and injury settlements, and we look forward to integrating their expertise into our operations.”

Duncan Glassey and Helen Learmonth added:

“In AAB Wealth we have found a firm that shares our values and commitment to providing the highest standards of financial planning advice, and we can’t wait to start working with the wider team. We are particularly excited about the opportunities this presents for our clients, who will benefit from broader resources including specialist tax expertise. AAB Wealth is such a great fit for us, ensuring the most complex financial needs receive the best possible long-term support, combined with truly independent financial advice.”

This deal marks the third acquisition AAB Wealth has made since January 2023. AAB Wealth was awarded the PFS Financial Planning Firm of the Year accolade for 2023, and has recently been announced as a top-rated firm for 2024 by VouchedFor, the UK’s leading review site for Financial Planners and Advisers.