A North Berwick-based financial services company has been acquired by legal firm Gilson Gray in seven-figure deal.

Wallace Financial Planning, owned by Scott Wallace, of Gullane, has an office on the town's Church Street where it will remain and be rebranded Gilson Gray Financial Management (GGFM).

GGFM offers specialist financial advice to private and corporate clients across the UK to grow and protect their savings and finances.

The new North Berwick office will complement its existing offices in Dundee, Edinburgh and Glasgow.

Mr Wallace will also join the new company as a financial adviser, bringing more than 25 years of industry expertise and local knowledge of North Berwick to the fold.

His role will see him responsible for existing private clients and those looking to join up with GGFM.

Steve Herkes, managing director of GGFM, said: "Scott’s success in establishing a trusted and client-focused service shows his dedication to helping his clients achieve their financial objectives. This approach is a perfect match to Gilson Gray’s business philosophy.

"We are looking forward to delivering even stronger service to our clients and cementing our position in East Lothian as the go-to adviser for legal, property, and financial services. Our aim is to offer the local community a full range of services that would typically only be available in cities.

"The acquisition of Wallace Financial Planning is the first of what we hope will be a series of deals in the months ahead that will significantly enhance our wealth management footprint across Scotland."