Firms merge to form £700m advice and discretionary business

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Investment and financial planning businesses Jonathanfry and Easby Gale and Phillipson (EG&P) have completed a merger to form a company running £700m of clients' funds.

The new business, called Gale and Phillipson and home to premises in London, Northallerton, Newcastle and Richmond, has "ambitious expansion plans" including acquisitions, the company said in a statement. Current EG&P chief executive Phil Morris will lead the new company as CEO, with the Board consisting of Angelica Carr, current Jonathanfry CEO and new executive chairman David Carr, Adam Galache-Brown and Alan Sneddon. There will be no office closures or job losses as a result of the deal, which received regulatory approval last year. The group will provide independent advice and ...

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