CompaniesMay 24 2016

Standard Life to grow advice arm amid staff departures

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Standard Life to grow advice arm amid staff departures

The chief executive of 1825 has said his focus is on growing the business after reports of several staff leaving.

It has been reported that a number of staff who joined Standard Life’s advice arm with Pearson Jones when it was bought last year have left.

But Steve Murray said there was nothing out of the ordinary going on.

He said: “Movement of staff is expected in any organisation, as are retirements, especially in a firm of a reasonable size.

“Our key focus has been to support the seamless transition of clients to new advisers to ensure no upheaval or uncertainty.

“We are continuing to focus on growing our business and meeting the needs of our clients – we have made several key hires into 1825 to add to the great range of talent we already have.”

Former deputy managing director Peter Heckingbottom has left the company, as has Jonathan Lee, the former head of tax and trusts.

Clive Grant, the former head of the Sheffield office, retired last month while Harry O’Connor left to set up a firm which is an appointed representative of 2Plan Wealth Management.

It has also been reported that former director John Metcalf has left but the FCA register says he is still with Pearson Jones.

Mr Murray declined to comment on individual members of staff.

Last month 1825 announced the takeover of Baigrie Davies which, combined with the earlier purchases of Almary Green and Munro Partership, means the company will have 70 financial planners advising 9,400 clients on £3bn of assets.