Grant Thornton wealth advisory business sold to 1825

Standard Life Aberdeen’s advice firm, known as 1825, has completed its acquisition of Grant Thornton's £1.7bn wealth advisory business, which was first announced in July

The deal, the terms of which have not been disclosed, means 1825 increases its assets under advice by 40%. It has also added over 100 employees across the UK, and has increased its presence outside London, including two client support centres in Belfast and Sheffield.

Julie Scott, 1825 chief executive, said: ‘We’re delighted to welcome the wealth advisory business to the team and we’re looking forward to continuing to support wealth advisory clients as part of 1825

‘Demand for financial planning and advice continues and we want to make it easier for people to access high quality advice when they need it most.’

1825 has been on the acquisition trail since it launched in 2015.  In March this year, it bought BDO's Northern Ireland wealth business for an undisclosed fee.

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