Standard Life Aberdeen’s wholly-owned financial planning and advice business, 1825, has agreed to acquire the wealth management arm of BDO Northern Ireland.
This is 1825’s seventh acquisition since the firm was formed in 2015, and is the firm’s first expansion into Northern Ireland.
On completion, the business will be known as 1825 Northern Ireland, with its office remaining in Belfast city centre. It will form part of 1825 North West region, headed up by Mike Cullinane.
Some 12 employees, including four financial planners, will join the team.
The deal is expected to complete on 1 July 2019. The financial terms of the deal were not disclosed.
Established over 25 years ago, BDO Northern Ireland Wealth Management has around £230m ($331m, €291m) in assets under advice.
It specialises in all aspects of wealth planning and support from corporate to personal and trust advice.
