Jelf Financial Planning will join Mercer as part of their parent company’s restructure of the newly acquired business, according to a statement released by Mercer.
Consultancy firm Mercer is a wholly-owned subsidiary of Marsh & McLennan which completed its purchase of Jelf at the beginning of this month.
The merger of Jelf Financial Planning with Mercer will increase the latter’s ability to provide financial advice to companies and their employees, the firm said.
Richard Wilson, a partner at Mercer, will become head of the combined financial planning team.
Following the company’s purchase by Marsh & McLennan, the new structure at Jelf FP will comprise three divisions: general insurance, employee benefits and direct & partnerships.
Meanwhile, Phil Barton has been appointed chief executive of Jelf, replacing Alex Alway who will become a non-executive director on the board of Marsh & McLennan.
Chris Jelf, founder and deputy chairman of Jelf Group, will be joining Mercer as part of the restructure.
Background
Bristol-based Jelf Group was founded in 1989 and has 36 offices across the UK.
The company’s financial planning business employs around 80 members of staff and operates from the locations such as Bath, Bristol, Cheltenham, Manchester and Reading.
The Aim-listed company was bought by Marsh & McLennan earlier this month in a £260m deal.
