Standard Life-owned financial planning business, 1825, is to acquire London-based adviser Cumberland Place Financial Management, bringing with it £400m of assets under advice.
Cumberland Place is a Chartered financial planning firm, specialising in all aspects of advice and also offers a discretionary investment management service. The firm's founding directors, Tony Moss and Robert Goldschmidt, will continue to run the business following completion of the acquisition. 1825 expects to complete the deal in the first half of 2018, subject to regulatory approval. The acquisition is intended to strengthen 1825's London presence, adding 21 employees including six financial planners, three paraplanners and three investment analysts. On completion, 1825 will ...
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