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Expansion for Standard Life division

1825 moves into south west with Fraser Heath deal

Julie Scott

Julie Scott: ‘great addition to our business’


1825, Standard Life’s wholly owned financial planning business, has established a presence in the south west of England after acquiring a Bristol-based firm.

Fraser Heath Financial Management has £352 million of assets under advice and 23 employees, including seven planners and five paraplanners. 

Formed 15 years ago, offers a tailored service in wealth management, retirement planning and workplace pensions. 

On completion 1825 will have more than 70 financial planners advising around 8,500 clients on around £3.7 billion of assets. 

Having worked together for more than 20 years, Fraser Heath’s leadership team of Jim Collier, Alan Loomes and Mark Fletcher will continue the day to day running of the business. In addition Mr Collier becomes managing director for the South West Regional Office and will join the 1825 executive committee. 

He said the two companies shared a similar culture and comparable investment solutions.

“We’re also looking forward to benefiting from being part of a larger group, from sharing and accessing resource, to further development of our people and fantastic career opportunities.”

Julie Scott, 1825 chief executive, said: “Fraser Heath is a great addition to our business and we welcome them to 1825. Establishing a regional office in the South West extends our financial planning footprint even further across the UK.

“It’s just over two years since we launched 1825 in response to the growing demand for financial advice and there are many more exciting opportunities out there as we continue to create a financial planning business of significant scale.”

The transaction is expected to complete early next year.

 

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