Standard Life Aberdeen’s advice division, trading as 1825, has wrapped up the purchase of Grant Thornton wealth advisory arm.
Financial terms of the deal, announced in July this year, were not divulged.
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The acquired business has a presence across the UK, including a pair of client support centres in Belfast and Sheffield.
The company has £1.7bn ($2.2bn) in assets. The addition of these assets resulted in a 40% growth in 1825’s assets under advice.
As part of the deal, 1825 absorbed more than 100 employees from the Grant Thornton business.
Commenting on the deal, 1825 CEO Julie Scott said: “We’re delighted to welcome the wealth advisory business to the team and we’re looking forward to continuing to support wealth advisory clients as part of 1825.
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The latest deal is 1825’s eighth since its launch four years earlier and its second deal in 2019.
Earlier this year, the firm announced the acquisition of BDO Northern Ireland’s wealth management unit.
Other advisory firms snapped up by 1825 are Cumberland Place Financial Management, Fraser Heath Financial Management, Jones Sheridan, Baigrie Davies, Munro Partnership, as well as Almary Green.
