Vialex is delighted to have advised Gordon and Pauline Forbes, the shareholders of wealth management business, Caledonia Asset Management, on the sale of the entire share capital to Mattioli Woods.
Founded in 2000, Caledonia provides wealth management services, primarily focusing on lifestyle financial planning, pensions and retirement planning, ISAs, life assurance, critical illness, income protection and personal tax planning.
Working with around 150 private clients and with over £55 million of assets under advice, Caledonia is based on Edinburgh’s Charlotte Square and employs five staff, all of whom will remain with Mattioli Woods following completion.
Gordon and Pauline Forbes commented “This is a very positive step for everyone associated with Caledonia, especially our clients and employees. Mattioli Woods shares our core values and client centred business ethos and so we are delighted to become part of the Mattioli Woods group.
“Combining our strengths will allow Caledonia clients and employees to benefit from the considerable additional resources and support available as part of the Group, enabling our team to enhance and expand the bespoke personal service our clients expect from us. We are very much looking forward to this exciting new phase.”
Keith Anderson, Vialex CEO said “Gordon and Pauline have worked hard over many years to build an impressive client book and I am delighted that their efforts and commitment have been rewarded in this deal.
“There is much activity in this sector, and we continue to be involved with other IFA businesses looking to expand or exit.”
For further information on the deal and its coverage in the business press, please follow the link, below.