On March 21, 2016, 1825, Standard Life’s wholly-owned financial planning subsidiary, announced that it had signed an agreement to acquire Munro Partnership Limited.
The acquisition was first announced in May 2015. Munro Partnership Limited (“Munro”) will become 1825’s Scottish Regional Office. Stephen Munro, Chairman of Munro, will remain at the firm after the closing. All Munro directors, including Managing Director David Hughes, will remain as well. David Hughes will also join the 1825 Executive Committee.
The transaction is expected to close before August 2016, subject to customary closing conditions.
1825 is the trading name used by Pearson Jones plc, which is part of the Standard Life Group. Upon the acquisition of Munro and Almary Green, another acquisition announced in March, 1825 will have over £2.6bn in assets under advisement.
Munro was established in 1982, and is a corporate and wealth management advisory business.
To read the press release, please click here.