Standard Life's advisory business 1825 has bought Baigrie Davies, its third acquisition announcement in three weeks.
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...
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