Home Business News Standard Life snaps up financial advice chain

Standard Life snaps up financial advice chain

5th Jul 16 11:11 am

Deal of the day

Standard Life’s quest to build a financial advice chain with a footprint across the whole of the UK took another tangible step forward on July 4, with the acquisition by its 1825 subsidiary of Crewe-based Jones Sheridan for an undisclosed sum.

Jones Sheridan will bring around £350m of further assets under advice to 1825, taking the total to more than £3.3bn. It will give 1825 a base in the north west, an area in which hitherto it has had little presence. Around 30 employees will join the group and it takes 1825’s customer base to more than 9,000.

The deal is the fourth that 1825 has completed in a few months, following the purchases of Norwich-based Almary Green, Munro Partnership in Scotland and the London-based Baigrie Davies. Only set up in early 2015, 1825 continues to have aspirations to become a national leader in the financial advice market.

Of the latest deal, chief executive Steve Murray says: “the team at Jones Sheridan are expert at making the integration process successful. They are highly motivated professionals who place clients at the heart of everything they do. We are very much looking forward to working with them in pursuit of our common goal of offering the best possible outcomes with expert financial planning.”

This story first appeared on Acquisitions Daily, a leading publication that provides critical comment, analysis and statistics on every important issue in acquisitions, mergers and buyouts. Sign up here for a free trial.

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