Standard Life-owned consolidator 1825 has acquired Crewe-based advice firm Jones Sheridan for an undisclosed sum.
Following the deal 1825 will establish a north-west regional office with 30 employees including seven advisers and four paraplanners.
Jones Sheridan managing director David Williams and chairman Stuart Banks will stay on after the acquisition, with Williams joining 1825’s executive committee.
After completion of the acquisition, expected in the last quarter of 2016, 1825 will have 75 advisers, 9,300 clients and around £3.3bn of assets.
Williams says: “Having built the business up over the last 16 years, it now feels absolutely the right time to take it to the next stage. The breadth of the 1825 proposition will enable us to offer our clients market leading solutions for all their planning needs. Joining 1825 is a very natural fit for us as we are both strongly aligned to the belief that advisers add the greatest value by helping clients understand and achieve their financial goals.”
1825 chief executive Steve Murray says: “As past acquirers of adviser businesses themselves, the team at Jones Sheridan are expert at making the integration process successful. They are highly motivated professionals who place clients at the heart of everything they do. We are very much looking forward to working with them in pursuit of our common goal of offering the best possible outcomes with expert financial planning.”