Standard Life’s national financial planning arm 1825 has entered into an agreement to acquire Baigrie Davies, a leading financial planning firm based in London.
Baigrie Davies was established by Tom Baigrie and Arthur Davies in 1989 and in 2007 took the decision to change its charging structure to fees. At the same time, Ian Howe joined as Managing Director and has since overseen a highly successful period during which Baigrie Davies has built the highest reputation for delivering life-long financial plans to its clients. It is highly regarded by both its peers and clients and has won numerous awards in recognition for being at the forefront of building a professional image of the industry.
Baigrie Davies will become the London hub of 1825 with access to the scale and resources of its parent to grow both organically and through bolt-on acquisitions. Tom Baigrie will exit the business and focus fully on LifeSearch, Baigrie Davies’ former sister company focussing on protection business. Arthur Davies will continue in the business for a period before retiring. Ian Howe will remain Managing Director of 1825’s London hub and join 1825’s executive committee.
Hines Associates Limited acted as financial adviser to the shareholders of Baigrie Davies.