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Standard Life buys Bristol IFA for regional hub

Standard Life buys Bristol IFA for regional hub

Standard Life’s financial advisory subdivision 1825 has purchased Bristol IFA Fraser Heath Financial Management to establish a regional hub for the business in the South West.

In addition to filling in a corner of the regional map, the acquisition will add 23 staff and £325 million in client assets, bringing 1825’s total to 70 financial planners and £3.7 billion in funds under advice.

Office principals Jim Collier, Alan Loomes and Mark Fletcher, who have worked together for over 20 years, will remain in day-to-day charge of the organisation.

Collier said: ‘In coming to this decision, we’ve undertaken a full due diligence process on 1825 and through this we’ve found that we share a number of core beliefs, including a focus on long-lasting client relationships, a similar culture and comparable investment solutions.

‘We’re also looking forward to benefiting from being part of a larger group, from sharing and accessing resources, to further development of our people and fantastic career opportunities.’

1825 currently runs a network of 10 offices in Ayr, Bishop Auckland, Crewe, Edinburgh, Glasgow, Hamilton, Leeds, London, Reading and Sheffield, but was unrepresented in South West England.

‘Establishing a regional office in the South West extends our financial planning footprint even further across the UK,’ said 1825 chief executive Julie Scott (pictured).

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