Standard Life's 1825 acquires Munro Partnership

Deal adds £600m assets under advice

Standard Life's restricted financial planning business 1825 has acquired Scottish IFA Munro Partnership, adding £600m of assets under advice to its books.

Following the completion of the deal, which is expected in July, Munro and will form 1825's base in Scotland, from which the business plans to expand across the region. The deal follows the acquisition of Pearson Jones in May 2015 and the agreement to acquire Norwich-based IFA Almary Green earlier in March, which together bring Standard Life's financial planning community to 59 advisers looking after 8,700 clients with £2.6bn of assets. Established in 1982, Munro has grown to a partnership of Chartered financial planners with three offices across Scotland - Ayr, Glasgow and Hamilton. ...