St James’s Place acquires Scottish adviser Policy Services
Money management: firms will merge
Wealth manager St. James’s Place is acquiring Scottish financial adviser Policy Services on terms which have not been disclosed.
Established in 2002 in Linlithgow, PSL is a family-owned independent financial adviser. The firm has also been providing administration, fee reconciliation and advice services to SJP partners and its non-SJP policy and plan holder clients.
PSL based at the Oracle Campus, will continue to operate as an FCA-authorised independent trading entity after the deal is completed.
It will also retain its own brand name with no major changes in its business operations, SJP said in a statement.
St James’s Place establishment director Peter Edwards said: “This acquisition is a natural next step in the continuation of a long-standing and successful business relationship. We look forward to Policy Services further strengthening the services it offers to partners and clients who hold non-SJP products in their portfolios.”