1825 completes Jones Sheridan acquisition after Almary Green U-turn

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Standard Life restricted national advice arm 1825 has completed its acquisition of Cheshire based IFA Jones Sheridan – its first since backtracking on a deal to buy Norwich advice firm Almary Green

In September, 1825 was forced to pull out of the Almary Green deal after the firms failed to reach an agreement over terms.

1825 is currently acquiring IFA firms across the country to build regional hubs for a national advice business.

A note published on Jones Sheridan’s website yesterday confirms that the firm will move from independent to restricted status and will re-brand “in time”.

It provided little further detail on how its proposition would change however.

The note reads: “Largely it’s business as usual and there will be no immediate changes. Jones Sheridan will continue to operate under our current management, with support from our new parent company.

“Our business model will move from ‘independent’ to ‘restricted’ over a period of time. There will be no change to our focus of helping our clients achieve their goals through comprehensive financial planning and we will continue to deal with a range of selected providers and fund managers across the market.

“We will re-brand in time, and we’ll keep everyone up to date with any changes.

“Jones Sheridan has provided quality financial advice for over 30 years and we are excited about the great opportunities that lie ahead for the business to grow, as part of the Standard Life group.”

Assuming the Almary Green acquisition went ahead, 1825 would have had 75 advisers, 9,300 clients and around £3.3bn of assets on the completion of the Jones Sheridan deal.

In March, 1825 announced it planned to acquire both Almary Green and Scotland-based Munro Partnership. The following month it acquired London IFA Baigrie Davies.

1825 has not disclosed the prices it paid for the firms.