Tweed Wealth Management (TWM) has acquired Glasgow-based Capital Wealth Consultants (CWC) in a deal that adds £80m in assets to the group.
The deal will see TWM grow to more than 28 staff across four locations.
Founded in 2012 as Penman Wealth Management, CWC was established as a boutique private client firm that looks after assets for families across the UK.
The latest move has reunited TWM co-founder, Chris Tweed, and CWC founder and director, Ross Penman, who met in 2007 prior to founding their businesses while working for another Glasgow-based advice firm.
Tweed said the acquisition represents a “major step” in the firm’s mission to expand its footprint.
“With the addition of Ross’ extensive sector experience, [it] will further enhance our already thriving speciality of providing bespoke relationship-led advice to sports professionals UK wide,” added Tweed.
“CWC’s location in Glasgow also paves the way for further planned expansion into Glasgow and the west of Scotland.”
Penman added: “While I will continue to work day-to-day with my clients, I will also have the support of a much larger team at TWM. I am looking forward to working with the young, thriving team that has an award-winning proposition to back up its exceptional growth story within Scotland over the last 10 years.”
Latest News
NEW BUILD IN FOCUS - NEW EPISODE OF THE MORTGAGE INSIDER PODCAST, OUT NOW
Figures from the National House-Building Council saw Q1 2025 register a 36% increase in new homes built across the UK compared with the same period last year, representing a striking development for the first-time buyer market. But with the higher cost of building, ongoing planning challenges and new and changing regulations, how sustainable is this growth? And what does it mean for brokers?
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Does the North-South divide still exist in the UK housing market?
What do the most expensive parts of the country reveal about shifting demand? And why is the Manchester housing market now outperforming many southern counterparts?
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance, to explore how regional trends are redefining the UK housing, mortgage and buy-to-let markets.
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories