Standard Life’s financial planning business, 1825, has entered into an agreement to acquire Jones Sheridan, with assets under advice of about £350m.
This will establish 1825’s North West England regional office with 30 employees, including seven advisers and four paraplanners.
Crewe-based Jones Sheridan’s leadership team, headed by managing director David Williams and chairman Stuart Banks, will stay with the business post-completion to help grow and develop the office.
Mr Williams will take on overall responsibility for the office and will also join the 1825 executive committee.
He said that having built the business up over the past 16 years, now was the right time to take it to the next stage, adding: “The breadth of the 1825 proposition will enable us to offer our clients market-leading solutions for all their planning needs.
“1825 can also offer us the resources and scale to enable the business to grow and prosper, while offering our people the development opportunities available by being part of a larger organisation.”
Steve Murray, 1825’s chief executive, added that as past acquirers of adviser businesses themselves, the team at Jones Sheridan are experts at the integration process.
He said: “They are highly motivated professionals who place clients at the heart of everything they do.”
The transaction is expected to complete early in the fourth quarter, subject to certain conditions being satisfied, including receipt of regulatory approvals.
On completion, and with other recently announced acquisitions, 1825 will have 75 financial planners advising more than 9,300 clients on £3.3bn of their assets.
