Helvetia Wealth acquires Scottish IFA
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Swiss and Leichtenstein-based asset management firm Helvetia Wealth has acquired Scottish IFA Dunedin Independent.
Dunedin launched in 1994 and specialises in providing bespoke investment management to high net worth investors across the UK. The firm has £350m of funds under management and has approximately 30 employees.
Following the deal, chairman and majority shareholder, Mark Emlick, will step down while managing director Yuill Irvine, will continue to head up operations in Edinburgh.
Emlick says: “We are very proud of the progress and growth of Dunedin, particularly during a difficult economic climate. We have an extremely strong and talented management team, a strong compliance regime and a loyal client base. Many of the staff have also been with us for a considerable period.
“Helvetia has recognised these strengths and will be a perfect partner for Dunedin, providing a strong platform for our clients and an excellent opportunity for our staff to develop.
“Being part of a leading European company such as Helvetia with its excellent fund management credentials will reinforce Dunedin’s offering and I am sure the business will go from strength to strength.
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