Financial services firm buys Scottish rival

Both companies have wealth management and private client offerings

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Midlands-based Dains Accountants has acquired Scotland professional services firm William Duncan + Co Group for an undisclosed sum.

William Duncan + Co has offices in Glasgow, Ayr, and Kilmarnock. It offers a range of services including wealth management.

Dains Accountants serves customers on a range of areas including private client, trusts and estate planning and retirement planning.

As part of the deal, William Duncan + Co will still have the same brand and offer its services across Scotland but will be part of the Dains Accountants group.

Richard McNeilly, chief executive of Dains, said: “We have followed the progress of William Duncan for several years and it became increasingly clear that their approach to client delivery and people development closely aligned to ours. As a long-established firm in Scotland, we believe they are ideal partners to spearhead our growth, north of the border.”

Robert Fergusson, managing director of William Duncan, added: “Overnight, we have improved the range of services available to our clients and this deal enables William Duncan to become a challenger firm in Scotland.

“We have an ambitious plan, and all of our team will remain in the business. In fact, I have no hesitation in saying that we have no shortage of opportunities for progressive professionals wishing to join a group that really values its’ people.”