View more on these topics

Standard Life advice boss steps aside for strategy role

Murray moves to strategy role after spearheading 1825 launch

The chief executive of Standard Life’s restricted advice business 1825, Steve Murray, is taking on a new role as commercial and strategy managing director at Standard Life.

Murray will also take on the newly created position of 1825 chairman, as the business has also poached from Old Mutual to bolster it ranks.

Murray was appointed chief executive of the Standard Life-owned business at the end of 2014. Under his leadership it has acquired advice firms Pearson Jones, Baigrie Davis, Jones Sheridan and Munro Partnership. A deal with Norwich adviser Almary Green fell through last year.

Murray will continue on the 1825 executive team.

1825 chief operating officer Julie Scott will take over as 1825 chief executive.Old Mutual Wealth regional director Michael Wall joins 1825 to focus on business development.

Standard Life advice boss: Aberdeen merger will not sideline 1825

Murray says: “I’m delighted to be taking on the role of chairman of 1825 helping its continued strategic development as well as the broader commercial and strategy role in Standard Life.

“With 1825 now firmly established as a UK wide financial planning business with more than 8,000 clients and assets under advice of £3.4bn we are looking to move to the next phase of development. Our acquisition pipeline is very healthy and we continue to explore exciting opportunities.”

Scott says: “It’s an exciting time to be part of the team at 1825 as we continue to grow and go from strength to strength. I’m looking forward to taking on my new role and continuing to have a close working relationship with Steve.”

In its first 16 months of business, 1825 Financial Planning reported a £5.5m loss. Total revenue was £1.1m and total expenses were £8.1m, resulting in pre-tax losses of £7m.

Profile: 1825 chief Steve Murray on the future of advice

Recommended

Money-Cash-Coins-GBP-Pounds-UK-700x450.jpg
23

Revealed: 1825 firm still charging 4% upfront fees

An advice firm bought by Standard Life’s restricted national 1825 is still charging upfront fees of up to 4 per cent, according to a client service agreement seen by Money Marketing. For clients on Cheshire-based Jones Sheridan’s standard service level, initial charges are 4 per cent, with a typical ongoing rate of 1 per cent. Upfront […]

Money-Cash-20-Note-Currency-GBP-700x450.jpg

1825 completes Jones Sheridan acquisition after Almary Green U-turn

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. […]

Standard Life Aberdeen chiefs pledge decade at helm

Martin Gilbert and Keith Skeoch have pledged to lead Standard Life Aberdeen for the next 10 years as they assume their roles as co-chief executives of the newly merged company. The merger completed this week creating the UK’s largest asset manager with the group’s investment business operating as Aberdeen Standard Investments and managing £583bn. Standard […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. Standard Life. It used to be “Stand and Deliver !”,
    Now it is “Stand Aside ?”

Leave a comment