1825, Standard Life’s wholly owned financial planning and advice business, has confirmed that it has entered into an agreement to acquire Grant Thornton UK’s wealth advisory unit for an undisclosed amount. The deal will see more than 100 employees, including 34 financial planners joining1825 from Grant Thornton.
Led by Neil Messenger, Grant Thornton’s wealth advisory team provides advice on all aspects of financial planning including family and business finance. As well as the UK-wide financial planning team, it has two client support centres in Belfast and Sheffield.
1825 CEO Julie Scott said: “Today’s announcement significantly accelerates 1825’s growth plans and gives us a broader UK-wide presence… I was delighted when Grant Thornton approached us with the idea.”
Dave Dunckley, CEO of Grant Thornton UK LLP, said it was clear that ‘the wealth advisory team’s growth potential would be best delivered by a business focused solely on the financial advice market’.
The deal is expected to complete in Q4, 2019.