Paul Lothian and Jonathan Gibson, the duo who founded Dundee-based Verus Chartered Financial Planners, have teamed up with Aberdeen-based accountancy Anderson, Anderson & Brown to launch a new wealth management business.

The firm, A2+B Wealth, will focus on high net worth investors, businesses, partnerships and trustees and will be fee-based. It will aim to manage clients’ wealth using lifetime cash-flow modelling tools and an investment platform, white-labelled as Wealthcare Plus.

The launch follows extensive talks between Lothian and Gibson and AAB, Gibson told WealthBriefing, and the timing is now opportune for quality financial planning firms, Lothian said. Meanwhile, AAB views this as an opportunity to extend the services it offers to clients.

“Expansion of our services into wealth management is a natural progression. Our aim is that A2+B Wealth will become the wealth management service of choice for our firm’s existing clients and beyond,” said Mike Brown, managing partner of AAB.