Johnston Carmichael Wealth (JCW) has formally joined with and rebranded to Partners Wealth Management (PWM) following its acquisition in March.
PWM, which is part of the 7IM group, said the acquisition of the Scottish financial planning and independent advice firm marks an important milestone in its growth strategy to expand its regional presence.
JCW has 14 financial planners that advise on around £900m of assets for approximately 1,300 clients. It will now operate under the PWM name and clients will continue to be supported by the same advisers and teams, which will be backed by the additional scale and resources of a national firm.
PWM now comprises 238 professionals overseeing more than £6bn in assets for around 6,000 clients.
Managing partner at PWM, Fiona Oliver, said: "This is a proud moment for PWM, exemplifying everything we stand for – strong partnerships that lead to exceptional client outcomes. By uniting under the PWM brand, we are bringing together the depth of JCW’s expertise with the strength and support of our national platform, while preserving the personal relationships and bespoke service our clients value most. Together, we are better equipped than ever to help our clients achieve their financial freedom."
Managing director at PWM Scotland, Craig Hendry, added: "Today marks the next exciting chapter for our clients and team. By uniting with PWM, we’re combining the strengths of two excellent firms to create a truly class-leading offering. Our clients and professional partners can expect even greater value, delivered with the same care, expertise and personal attention they’ve come to expect from us."
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