Tweed Wealth Management, one of Scotland’s largest privately-owned and funded companies in the sector, has acquired Capital Wealth Consultants, headquartered in Glasgow.

The deal expands Edinburgh-based Tweed Wealth Management to 28 employees across four locations.

are looking forward to building a productive business relationship that will see Tweed Wealth Management enhance its offering within key sectors such as sport professionals.

Chris Tweed, co-founder of Tweed Wealth Management, and Ross Penman, founder and director of CWC have been close friends since 2007. They are now looking to build a productive business relationship that will see Tweed Wealth Management enhance its offering within key sectors such as sport professionals.

Chris Tweed said:“This acquisition represents a major step in our mission to expand our footprint and, with the addition of Ross’ extensive sector experience, will further enhance our already thriving speciality of providing bespoke relationship-led advice to sports professionals UK wide.

“Capital Wealth Consultants’ strong reputation in the private client space will complement our existing extensive footprint within international rugby.

“CWC’s location in Glasgow also paves the way for further planned expansion into Glasgow and the west of Scotland.”

Ross Penman said: “Chris and I met each other around 17 years ago and we just clicked; so when Chris came to me with this idea it made a hard decision a lot easier, not least with the trust that we have in each other. I wouldn’t have considered this with anyone else.

“While I will continue to work day-to-day with my clients, I will also have the support of a much larger team at Tweed Wealth Management.”

 

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