Almary Green’s Lamb leaves door open for future deal

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Almary Green’s Lamb leaves door open for future deal

Almary Green managing director has not ruled out a future sale of his company, following the collapse of its Standard Life deal.

Carl Lamb was speaking after his firm and Standard Life “mutually agreed” to end discussions about a take-over.

Earlier this year Standard Life announced it had agreed to buy Norwich-based Almary Green for its national advice arm 1825.

Mr Lamb said any future deal, whether it was a takeover or a merger, would have to be the right fit for the firm’s clients, staff and directors.

He said: "I'm proud of Almary Green and all it stands for.

"I have an excellent team in place who have worked hard to make us successful. I owe it to them and to our loyal clients to make sure that we can continue to provide high quality advice services for many years to come."

Almary Green was founded by Mr Lamb in 2001 and at the time of the Standard Life deal it had 22 advisers and paraplanners plus assets under advice of £400m – though four advisers have since left and two are serving their notice.

Steve Murray, chief executive of 1825, said he wished Almary Green all the best, adding that he saw “huge opportunities” for his company.