Financial giant bolsters 1825 offering in London

0 Latest acquisition will add 21 people to the headcount at the 1825 financial planning business Standard Life Aberdeen’s financial planning business, 1825, has acquired a London firm with some £400 million of assets under advice.

Thefinancialgiantsaidcumberland Place Financial Management would strengthen 1825’s London presence with the addition of 21 employees including six financial planners, three paraplanners and three investment analysts.

Cumberland Place’s two founding directors, Tony Moss and Robert Goldschmidt, will continue to run the business after completion. The latest deal means that 1825 now has some 75 financial planners, advising around 9,000 clients on more than £4 billion of their assets.

Julie Scott, chief executive of 1825, said: “As the demand for financial advice continues to grow in the UK we want to be able to offer the best service and proposition possible with a great set of experts to support them.”

The transaction is expected to complete in the first half of this year, Standard Life added.