National IFA Chase de Vere has completed the acquisition of Angus-based adviser Ferguson Oliver and said it is searching for more acquisitions.

Chase de Vere started the acquisition of Ferguson Oliver in October 2019 and it will now trade as Chase de Vere.

With the integration now complete, Chase de Vere said that it will be recruiting advisers in the North East of Scotland and planning further acquisitions.

Ferguson Oliver was founded by Mike Ferguson in 1989, and he was subsequently joined by his twin brother Ken Ferguson as joint owner. The company has been a prominent feature in their local community for the past 30 years, supporting many local charities and events.

Ferguson Oliver services clients in the North-East of Scotland.

Stephen Kavanagh, chief executive, Chase de Vere, said: “I’m really pleased that Ferguson Oliver is now fully on-board as part of Chase de Vere. I’ve been really keen to grow our business in the North-East of Scotland and this gives us the perfect springboard.

“As a starting point we are looking to recruit more financial advisers. We have many clients from Inverness to Perth, and especially in Angus, Dundee and Aberdeen, and we need to ensure that we are able to provide them with an exceptional level of client service.

“We are also planning to grow our business and make further acquisitions in other parts of the UK.”

Mike Ferguson, founder of Ferguson Oliver, said: “The integration with Chase de Vere has gone remarkably smoothly considering the backdrop of the Coronavirus and with all of our staff working from home. We are now fully integrated with Chase de Vere and this is a fantastic home for us to look after our clients and provide them with a wider range of independent financial advice service.”

Chase de Vere had said previously that the Coronavirus pandemic had “overshadowed” the business for 2020 and led to financial forecasts for the year being revised. It said that no staff have been furloughed.