Wren Sterling has acquired City Financial (Aberdeen) Ltd, significantly increasing its assets under management and client base in Scotland.

Target Information

Wren Sterling has successfully acquired City Financial (Aberdeen) Ltd, a financial advisory firm based in Scotland. This acquisition brings over 6,000 clients and £700 million in assets under management (AUM) into Wren Sterling's fold, effectively doubling its presence in the region. With this transaction, Wren Sterling's total AUM rises to £11 billion, cementing its position as a significant player in the UK financial advisory market.

City Financial operates multiple locations in Aberdeen, Ellon, and Inverness and boasts a professional team of 38 members, including 19 qualified financial planners. This strategic acquisition not only enhances Wren Sterling's client base but also enriches its team with experienced professionals dedicated to delivering high-quality financial advice and support.

Industry Overview

The Scottish financial services industry is characterized by a strong emphasis on client-centered approaches and innovative investment solutions. With a growing population and increasing demand for financial planning s