St James's Place  

SJP acquires advice partner

SJP acquires advice partner

St. James’s Place has acquired a Linlithgow-based advice firm to strengthen the services offered to clients who hold non-SJP products in their portfolios. 

Upon deal completion the advice giant will own 100 per cent of Policy Services Ltd, which provides advice and administration services to SJP advisers and their clients who hold non-SJP policies and plans. 

Policy Services has provided financial advice to SJP clients for more than 17 years and following the acquisition will retain its own branding and remain an independent trading entity directly authorised by the regulator. 

An SJP spokesperson said: "There will be no changes to business operations at PSL as a result of the acquisition and this closer alignment of the businesses gives even greater clarity for clients on their overall financial affairs." 

Peter Edwards, establishment director at St. James’s Place, added: "I am delighted to welcome Policy Services Ltd to the St. James’s Place Group. 

"This acquisition is a natural next step in the continuation of a long-standing and successful business relationship.

"We look forward to Policy Services further strengthening the services it offers to partners and clients who hold non-SJP products in their portfolios."

rachel.mortimer@ft.com 

What do you think about the issues raised by this story? Email us on fa.letters@ft.com to let us know.