Standard Life's 1825 acquires Baigrie Davies

Standard Life's financial planning arm, 1825, has acquired Baigrie Davies, thereby establishing its first foothold in London. This move sees around £400m in assets under advice, 11 financial planners and five paraplanners added to the 1825 books, and taking 1825's total assets to about £3bn spread across 9,400 clients; it also marks the third acquisition in as many weeks by Standard Life. 

Baigrie Davies has assets under advice of about £400m and gives 1825 a London presence. Restricted business 1825 previously bought Norwich-based IFA Almary Green and Munro Partnership in Scotland. Baigrie Davies will form 1825's London regional office, with 30 employees, including 11 financial planners and 5 paraplanners. After completion of the acquisitions Standard Life will have 70 financial planners advising 9,400 clients on £3.bn of their assets. Baigrie Davies has both a financial planning business serving private individuals and their families and a corporate services bus...