Partners Wealth Management LLP has acquired Johnston Carmichael Wealth, enhancing its position in the UK wealth management sector with combined assets of approximately £6 billion.

Target Information

Partners Wealth Management LLP (PWM) has successfully acquired Johnston Carmichael Wealth, strengthening its status as a premier independent wealth management firm in the UK. Established in 2004, PWM is an award-winning company based in London and the Midlands, now boasting a team of approximately 170 professionals managing around £5 billion in private client assets.

Johnston Carmichael Wealth, a notable arm of Scotland's largest independent accountancy and advisory firm, Johnston Carmichael LLP, manages about £855 million in assets for roughly 1,500 private clients. Headquartered in Aberdeen, this award-winning firm provides comprehensive, independent financial advice and planning services throughout Scotland.

Industry Overview in Scotland

The wealth management industry in Scotland has exhibited robust growth, characterized by a rising demand for comprehensive financial services among affluent clients. The sector benefits from a solid foundation of r