The deal for an undisclosed sum will see George Square add 250 private clients and an adviser to its team.

Taylor McGill has been providing bespoke Financial Planning services since it was founded in 1991 by Simon Taylor and Gerry McGill.

Daniel Taylor, also joined the team in 2008 in an administration capacity, before becoming a Financial Planner for the firm on completion of his qualifications in 2013.

Simon Taylor, director of Taylor McGill, said: “Gerry and I founded our company 33 years ago, and we are extremely proud of what we have achieved over the years through offering a value for money service that, in turn, has added value for the people we have worked with.

“This acquisition marks an exciting step for the firm and for our clients, who will be able to benefit from the range of services that George Square offers.”

Daniel Taylor will join the George Square team as an independent financial adviser. He specialises in providing retirement and later life planning advice.

George Goward, managing director of George Square, said: “This acquisition marks a significant step in George Square’s three-to-five year corporate expansion plans that we set out at the start of 2023.

“I have enjoyed a longstanding relationship with Simon and Gerry for many years now, and know too well how tirelessly they have worked over the last three decades to establish and maintain Taylor McGill’s fine reputation.

“Taylor McGill clients can rest assured that they will continue to receive this top level of service from George Square, whilst also benefitting from the additional services we offer, such as independent mortgage advice.”

George Square provides independent Financial Planning solutions, specialist lending and mortgage advice across the East Midlands. The firm was founded by Mr Goward in 2012 and is named after it's location on Nottingham's George Square.