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Name change for Thomson Shepherd after buyout deal from Skipton

The six directors of Thomson Shepherd have completed a management buyout of the IFA firm from Skipton Building Society.

The Edinburgh business, which was 75 per cent owned by Skipton, has rebranded as Carbon Financial Partners. The cost of the deal has not been disclosed.

The firm is looking to recruit experienced financial planners and support staff and plans to double staff to 60 over the next five years. Carbon has chartered status and services clients throughout Scotland. It has around £00m in assets under management and says it only buys institutional funds for its clients.

Carbon’s six directors include managing director Gordon Wilson, investment director Barry O’Neill, operations director Shireen Fernie and directors Lewis Wood, Hazel Brown and Mark Christie. Thomson Shepherd was set up in 1999. It bought Perth-based Clark Thomson Financial Planning in October 2004, Edinburgh-based Coggans Wood in February 2001 and Dundee-based HE Grant in July 2008, before Skipton took a 75 per cent stake in the firm in April 2008.

Access Wealth Management partner Jim Clancy says: “This goes to show you that small, dynamic businesses do not always mix well with big mutual corporations like building societies. From the clients’ point of view, it probably will not make much difference because their relationship is with their adviser, not the company that owns the firm.”


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There is one comment at the moment, we would love to hear your opinion too.

  1. I have stayed with the same financial adviser for 15 years even though they changed the company that employed them.

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