View more on these topics

Standard Life-owned 1825 acquires Scottish IFA

Scotland-Flag-Scottish-700x450.jpg

Standard Life’s financial planning business 1825 has completed its second acquisition within a week with the purchase of Scotland-based Munro Partnership.

The deal adds more than £600m in assets under advice to 1825, and comes shortly after the firm announced a deal to acquire Norwich-based Almary Green.

Munro currently has offices in Ayr, Glasgow and Hamilton, and will serve as 1825’s Scottish regional operation.

Pending regulatory approval, the deal is expected to complete by the end of July 2016, following which the Standard Life business will have 59 financial planners advising 8,700 clients on over £2.6bn of their assets.

Munro chairman Stephen Munro and managing director David Hughes will join 1825, taking seats on the firm’s executive committee.

Hughes says: “Joining 1825 is an exciting phase in the development of our business and one which will bring increased benefits to both our employees and our clients.

“Having access to the resources of a national financial-planning business will ensure our clients will benefit from leading financial planning services and innovative investment solutions, which will continue to evolve as their needs and the world around us changes.

“Importantly, both 1825 and Munro Partnership are focused on developing their people and joining 1825 will ensure our employees have even more opportunities to progress and develop personally”.

Recommended

10

Standard Life advice arm to buy Almary Green

Standard Life-owned advice consolidator 1825 is to buy Norwich-based adviser Almary Green. Almary Green managing director Carl Lamb is understood to be moving to 1825 as part of the deal. Lamb will continue to head the business, and join 1825’s executive committee. It represents the first major acquisition for 1825 since it was launched by […]

Standard-Life-Building-700x450.jpg

Standard Life advice arm deputy exits

The deputy managing director of Standard Life’s advice business 1825 is leaving the company after eight months. Peter Heckingbottom was deputy managing director of Pearson Jones when it was acquired by Standard Life in February. The deal marked the launch of Standard Life’s advice arm 1825. Pearson Jones formed the North East hub of the […]

Workie gets mean…

Last year we highlighted the launch of the Department for Work and Pensions’ (DWP) auto-enrolment awareness campaign – fronted by that nice friendly monster Workie. The Pensions Regulator (TPR), however, may not be so cuddly. In early January it issued this statement, with some of the most relevant passages reproduced below for information: “Up to half a million small […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Leave a comment