The Skipton Building Society Group has acquired a 75% shareholding in Thomson Shepherd, the Scottish independent financial adviser.

The acquisition comes two weeks after Skipton acquired 85% of Torquil Clark and follows the group’s strategy of strengthening its financial advice offering.

Whilst Shepherd will now report to the Skipton’s main board of directors, it will continue to be run as an independent company and will retain its brand.

Gordon Wilson, managing director of Thomson Shepherd, added: We are delighted that Thomson Shepherd has become part of the Skipton Group. We will continue to look to add to our excellent team of consulting and support staff and to seek out other quality financial advice businesses to acquire.