Firms merge to form £700m advice and discretionary business

clock

Investment and financial planning businesses Jonathanfry and Easby Gale and Phillipson (EG&P) have completed a merger to form a company with offices across the North East and Yorkshire running £700m of clients' funds.

The new business, called Gale and Phillipson and with premises in London, Northallerton, Newcastle and Richmond, has "ambitious expansion plans" including through acquisition, it said in a statement. Current EG&P chief executive Phil Morris will lead the new company as CEO, with the Board consisting of Angelica Carr, current Jonathanfry CEO and new executive chairman David Carr, Adam Galache-Brown and Alan Sneddon. There will be no office closures or job losses as a result of the deal, which received regulatory approval last year. The group will provide independent advice and a ran...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

UK financial services M&A outpaces global deals in H1 as value surges eightfold

UK financial services M&A outpaces global deals in H1 as value surges eightfold

EY analysis

clock 07 July 2026 • 2 min read
Vanguard finds Gen Z leads investing shift as it prepares targeted support offering

Vanguard finds Gen Z leads investing shift as it prepares targeted support offering

Firm received FCA approval in April

Sophia Panayi
clock 07 July 2026 • 3 min read
Treasury Committee calls out 'mis-sold' student loans

Treasury Committee calls out 'mis-sold' student loans

An ‘unfair and broken system’ as report urges government to reverse frozen threshold

Sophia Panayi
clock 07 July 2026 • 4 min read