View more on these topics

Helvetia Wealth acquires Scottish IFA

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.

Recommended

Adviser Fund Index

Concern that the recovery in developed economies may be faltering is driving bond spreads to levels not seen since the worst of the credit crunch.Investors fear the divergence points to a longer-term trend. The bad news has focused on America, where home sales figures came in much weaker than expected. The US also suffered a […]

IFA who aided multi-millionpound loan fraud is jailed

An IFA was sentenced to five and a half years in jail at Birmingham Crown Court last week for falsifying mortgage applications on behalf of a client. West Midlands Police say IFA Mark Campbell, of Oakwood Financial Management, assisted client Michael Browne to lead a multi-million-pound mortgage fraud racket in the Midlands. Browne, from Canley […]

Standard Life slashing 500 jobs in shake-up

Standard Life is cutting up to 500 jobs over the next 15 months as part of the company’s ongoing restructure. Up to 600 jobs will be cut across the business while up to 100 new jobs will be created. Standard Life has 7,500 employees in the UK with 6,000 in Scotland and employs 10,000 staff […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment