Finli Group, formerly Solomon Capital Holdings, has acquired Scottish-based IFA firm Clark Gillone.
The acquisition willl expand its national presence while providing key coverage of Scotland.
The deal added a total of 35 employees, including 11 advisers, and more than £815m in assets under administration, Finli said.
The deal was supported through a new debt facility from TDC LLP, which has been put in place to support Finli’s buy-and-build strategy.
Finli Group, formerly Solomon Group, was established in 2021 by ex-Intrinsic chief Andy Thompson. Finli has acquired two foundation platforms so far – Beaufort Group and Gale and Phillipson – as well as five regional hubs and eight smaller acquisitions.
Andy Thompson, chief executive officer of Finli, said: “We are pleased to announce the acquisition of Clark Gillone, a key step in expanding our presence across the UK, particularly in Scotland, marking a significant advancement in Finli’s strategic growth.
“Clark Gillone is a high-quality business with a hugely successful team led by David and Graham, and we are delighted that they are partnering with us.
“This new development has been facilitated by our collaboration with TDC LLP and we extend our gratitude for their investment in our vision.”
Clark Gillone director David van der Hoeven commented: “We are delighted to be joining the Finli Group. We are inspired by their forward-thinking approach to financial planning.
“This move marks a key development for Clark Gillone, as we seek to advance our services and utilise innovative tools and strategies as part of the Finli vision.”