Skipton Building Society entered into an agreement to sell its financial advice business Pearson Jones plc. to Standard Life plc. Under Skipton Building Society’s ownership, Pearson Jones has grown to become a well-established firm in the wealth management sector. It is highly regarded for its quality advice and customer focus.
Pearson Jones offers wealth management, pensions and employee benefits, tax and trust planning services and has total funds under advice of more than £1.1bn. In August 2014, Skipton Building Society sold its other IFA business Torquil Clark to Bellpenny. The Society’s strategy going forward is growing its core business of mortgages and savings, plus advice to the pre-and at-retirement market
via SFS, and a significant presence in estate agency.
Hines Associates Limited acted as financial adviser to Skipton Building Society.