Protection 

SJP buys protection advice firm

SJP buys protection advice firm

St James’s Place has bought protection advice firm Future Proof for an undisclosed sum to strengthen the advice offered to its clients and partners.

Based in Reigate and now part of the St James’s Place Group, Future Proof advises on income protection, critical illness and life insurance in the personal and business markets.  

Iain Rayner, joint chief operating officer at St James’s Place, said: "In a short space of time, Future Proof has established itself as one of the leading protection advisory services in the UK.  

"They have achieved this by focusing on the value of relationships and with an ethos that is very similar to our own – to provide the highest level of advice to clients so that their needs, and those of their families, are met long into the future."

David Mead, founder of Future Proof, said: "We’re extremely proud of the team we have at Future Proof and the high-quality protection advice they provide to clients.

"To be able to now support St James’s Place partners and clients with important and often complex conversations about protection marks the beginning of an exciting new chapter and is another step towards closing the protection gap that exists in the UK."

Last week St James's Place announced its development framework, designed to upskill practice support specialists in its adviser back office teams across the UK, had gained accreditation from the Chartered Insurance Institute. 

The wealth management firm said the scheme aims to "continue professional development" through technical, business, systems and process training.

rachel.addison@ft.com