Firms merge to form £700m advice and discretionary business

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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...

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