Standard Life-owned financial planning business 1825 has acquired Bristol-based Fraser Heath Financial Management, establishing its South West regional office and adding £352m of assets under management.
The new regional office will comprise 23 employees, including seven planners and five paraplanners. On completion of the acquisition, expected in the first quarter of 2018, 1825 will have more than 70 financial planners advising about 8,500 clients with £3.7bn of assets. Fraser Heath was formed 15 years ago and offers wealth management, retirement planning and workplace pensions services. The firm's leadership team of Jim Collier, Alan Loomes and Mark Fletcher will continue the day-to- day running of the business post-acquisition. Collier will also become managing director for the Sou...
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