GCR Financial owner Graham Robinson will join GGFM as a senior financial adviser. Credit: bummelhummel from Pixabay.

Gilson Gray Financial Management (GGFM), the investment arm of the Scottish legal firm Gilson Gray, has acquired Dunblane-based financial planning firm GCR Financial for a seven-figure sum.

The acquired firm provides wealth management services to families.

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As part of transaction, GCR Financial owner Graham Robinson will join GGFM as a senior financial adviser.

Robinson will be responsible for serving former GCR clients and existing customers of GGFM. He will work closely with GGFM managing director Steve Herkes and managing partner Alastair Lindsay.

Herkes said: “GCR Financial has long established itself as a reputable and respected financial planning firm.

“While Graham has been in the industry 40 years this year, our links as a firm go back more than a decade.

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“We felt that now was the optimum time to officially welcome him and his clients into GGFM. GCR Financial’s broad client base from across the Central Belt complements our own and means we can, collectively, provide a broader range of financial services under one roof.”

Robinson commented: “Steve and Alastair have been peers and friends for a long time. Today is a landmark moment in the GCR Financial journey and I am confident that the transition will be seamless.”

GGFM provides financial advice to private and corporate clients across the UK. It is a senior partner Practice of St. James’s Place Wealth Management.

Previously, GCR also operated under the St. James’s Place umbrella.

Last month, UK-based financial adviser Ascot Lloydacquired Scotland-based independent financial advisor Central Investment Services for an undisclosed amount.