Lumin Wealth has announced its acquisition of the mortgage arm of RBS Associates.

The move follows Lumin Wealth’s partnership with Davidson Deem in June 2023, which expanded its services to include mortgage advice alongside investments, pensions, inheritance and tax planning, and financial protection for businesses and families.

RBS Associates partner Mark Spurling, who brings over 30 years of mortgage industry experience, will join Lumin Wealth along with administrator Amy Spurling and personal assistant Sally Jarvis.

Brian Keane, director at Davidson Deem, said: “We are thrilled to have Mark and his colleagues on board. We look forward to working closely with him to ensure a smooth transition as he moves towards retirement.

“With our experienced 11-member team, we are well-placed to support RBS Associates’ mortgage clients. Mark’s personalised approach aligns perfectly with our company values.”

Mark Spurling expressed his satisfaction with the move, describing Davidson Deem and Lumin Wealth as a natural fit.

“Their values and expertise will enable us to enhance the service we provide to clients. I am confident this partnership offers the ideal long-term home for our mortgage clients,” he said.

In February, Lumin Wealth acquired Professional Financial Centre, an independent financial advice firm based in Berkshire.

This added over £50m of assets under management to Lumin VZ Group and marked the ninth acquisition since 2019.