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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

SJP partner practice Morrinson Wealth Management closes down

SJP partner practice Morrinson Wealth Management closes down

Advisers and clients have been transferred to Fortura Financial Partners

Isabel Baxter
clock 31 March 2025 • 1 min read
Fairstone reaches £20bn AUM as it looks to hit £40bn next

Fairstone reaches £20bn AUM as it looks to hit £40bn next

Consolidator eyes double AUM by end of 2030

Isabel Baxter
clock 31 March 2025 • 3 min read
Brooks Macdonald joins main LSE market

Brooks Macdonald joins main LSE market

Move will ‘enhance the group’s corporate profile'

Isabel Baxter
clock 28 March 2025 • 1 min read