IFA deal

St James’s Place acquires Scottish adviser Policy Services

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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.”

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