Glasgow-based Moray Group has launched Moray Financial, a professional services business catering to clients in the mortgage and protection markets, as well as being on-hand to support Moray Group’s existing legal and property brands and customers.
Moray Group was launched in 2020, as a tech-focused professional services umbrella group, with the aim of developing or acquiring legal or other professional services practices with scope for growth.
The group has a financial target of achieving a turnover of £10m by the end of 2022.
Brilliant Solutions launches secured loan referrals service
On the legal side its focus is on estate agency, conveyancing, debt recovery, dispute resolution and litigation, wills and executries, powers of attorney, family law and accessible corporate law for small to medium enterprises (SMEs).
Moray Financial will be led by Michael Wales (pictured) as managing director.
Wales has worked with RBS, Adam & Co and latterly as a self-employed mortgage and protection adviser.
He will operate between Moray Group’s bases across Scotland, with a view to having teams of dedicated advisers by mid-2022 in both Simpson & Marwick and Esson & Aberdein.
Moray Financial will operate on a no-fee basis on the majority of cases, meaning that costs will be incorporated into preferential rates.
Rob Aberdein, chief executive and founder of Moray Group, said: “Mortgages and protection was the clear and obvious next step for our business given how much we have been referring elsewhere.
“Michael is an exceptional talent and the perfect candidate to be at the helm of this new brand, with a potent mix of energy and high-level experience.”
Wales added: “The opportunity before us is immense. Immediately I’ll be on-hand to serve clients with the group’s successful legal brands.
“Following early meetings with the senior team I can see the task in front of us and it’s hugely exciting. Their ambition and drive matches my own.
“I’m under no illusions there will be a need to roll our sleeves up over the coming months. We must quickly establish ourselves and deliver the excellence and service-levels that are expected of the Moray Group brands.
“At the same time I’ll be delivering on a plan to grow the Moray Financial brand while we seek to employ likeminded advisers and support staff.
“We’ll be going on a recruitment drive soon, but would welcome contact from potential candidates immediately.”