Wealth manager and Financial Planner Rathbones - a leading employer in Scotland - has warned that the growing complexity of Scotland’s income tax system risks damaging the Scottish economy and putting off clients relocating north of the border.

Fast growing Financial Planning firm Perspective Financial Group has acquired Glasgow-based Phoenix Wealth Solutions for an undisclosed amount.

Cross-border Financial Planning specialist Skybound Wealth has appointed former Scotland international footballer Christophe Berra as a private wealth adviser in its athletes and creators division.

Scottish central belt-based SRB Financial Planning has joined adviser network Quilter Financial Planning as a strategic partner firm.

Fast-growing Bristol-based wealth manager and Financial Planning firm Clifton Wealth Partnership has acquired two Scottish Financial Planning firms, for undisclosed amounts.

Scottish Finance Secretary Shone Robison has announced the introduction of a ‘mansion’ tax of properties worth more than £1m in her latest Budget.

Pensions and SIPP consultancy Barnett Waddingham has boosted its Scottish presence by opening a new office in Edinburgh.

Chartered Financial Planning firm One Four Nine Wealth has opened a new office in Glasgow to spearhead its growth in Scotland.

PTC Financial Advice (Scotland) Limited (FRN: 816036), has been declared in default by the FSCS, the industry compensation safety net.

Tweed Wealth Management has acquired Edinburgh-based The James Boyd Practice for an undisclosed sum in its sixth acquisition in seven years.

Wealth manager TrinityBridge, formerly Close Brothers Asset Management, has appointed long-standing Financial Planning head Andrew Knight as its new client relationship director for Scotland.

Swedish-owned Söderberg & Partners has taken a 30% stake in Financial Planning firm Murphy Wealth, its first Scottish investment.

The FCA has cancelled the Part 4A permission of Scottish firm Retirement & Investment Solutions Limited (FRN 533079) because it said it considers that the firm is carrying on no regulated activity.

Wealth manager and Financial Planner Evelyn Partners has become the founding partner of the Edinburgh Futures Institute’s new Compassion in Financial Services Hub.

Aberdeenshire-based Acumen Financial Planning has promoted Keith Mackie to become its new group managing director.

Higher earners in Scotland will see a freeze on their income tax thresholds for the 2025/26 tax year at the same time as lower earners were given a 3.5% threshold increase in yesterday’s Scottish Budget.

Financial Planning firm Ascot Lloyd has acquired Scottish adviser Create and Prosper Financial Services for an undisclosed amount.

Scottish Financial Planning partnership Advice & Wealth Management Solutions LLP has been declared in default by the Financial Services Compensation Scheme (FSCS).

Londoners are among the least likely people in the UK to seek retirement planning financial advice with just 9% stating that financial advisers have been their main source of retirement advice compared to 18% in Scotland.

Expanding national advice firm Foster Denovo has acquired £200m AUM Glasgow-based financial advisers Rosemount Asset Management for an undisclosed amount, the firm’s fourth acquisition in 12 months.