IFA Almary Green sells to Standard Life

Spiralling costs prompt sale

clock • 1 min read

Standard Life's financial planning arm, 1825, has acquired wealth management firm Almary Green for an undisclosed fee.

The move will see this high profile Chartered firm, based in Norwich, move from an independent to restricted practice.  Almary Green managing director Carl Lamb (pictured) said: "I have long been concerned about the sustainability of firms as a result of spiralling costs - due mostly to the increasing cost of regulation. "It has become clear to me over the past twelve months that many traditional small to medium sized firms will face almost insurmountable challenges if they are to continue to provide affordable advice." Almary Green has 1,900 clients and assets under advice of abou...

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