Financial planner in MBO deal

A financial planning business based in Glasgow has completed a management buyout, supported by Clydesdale Bank.

Intelligent Capital, which provides a “total wealth management” service for a range of personal and corporate clients, has seen a change of ownership with director David Bremner taking over control of the company. Financial details have not been disclosed.

Bremner said: “It’s encouraging to start the new year having completed the MBO and we are looking forward to continuing to support our customers and grow the business.

“We are grateful for the support and assistance provided by Clydesdale Bank SME cashflow finance team… and we look forward to working with the team at Clydesdale Bank, who will support us as the business moves forward.”

Intelligent Capital has seen its turnover increase by more than 25 per cent in the last three years. Bremner joined the business in 2014, bringing his expertise within the family law market into the wellestablished chartered financial planning practice.

The firm is based in the city’s Morrison Street providing advice and guidance on all aspects of financial planning including tax, investment and pension advice.

Employee benefits and group pension advice is also offered through the firm’s corporate division.

Mark Young, director, SME cashflow finance at Clydesdale Bank, said: “[We] can enable profitable businesses, such as Intelligent Capital Limited, to implement their strategic goals through provision of innovative funding packages.

“We are passionate about supporting SMES and we have committed £2 billion of new lending in 2018.”