On March 1, 2019, 1825 announced an agreement with BDO Northern Ireland to acquire its wealth management business.
After the acquisition, BDO North Ireland’s wealth management business (“BDO NI”) will be known as 1825 Northern Ireland and will become part of the 1825 North West region led by regional managing director Mike Cullinane. Its office will remain in Belfast city centre and 12 of BDO NI’s employees including 4 financial planners will be joining the 1825 Northern Ireland team. The transaction is expected to close July 1, 2019. Further terms of the deals were not disclosed.
1825, a trading name used by Standard Life Client Management Limited, is part of the Standard Life Aberdeen group and wholly-owned UK financial planning and advisory firm.
BDO NI is the wealth management arm of BDO Northern Ireland that specializes in wealth planning and corporate, personal and trust advisory services. BDO NI has approximately £230 million in assets under advice.