Posted on Friday 1 March 2019 by John Mulgrew
Financial planning business 1825 has bought over the wealth management arm of BDO Northern Ireland, it has emerged.
The company, which is Standard Life Aberdeen’s wholly firm, will take over the arm of business, which had assets of around £230m.
On completion, the business will be known as 1825 Northern Ireland, with its office remaining in Belfast city centre, and will form part of 1825 North West region, headed up by Mike Cullinane.
It’s 1825’s first acquisition in Northern Ireland with 12 employees, including four financial planners, joining the team.
Nigel Harra, senior partner at BDO Northern Ireland, said: “Today’s announcement is a tremendous boost of confidence in the Northern Ireland market and in our wealth management team at BDO NI.
“We are thrilled to be working with 1825 as they also share our focus on putting the client first and providing them with a dedicated, bespoke service.
“This investment and 1825’s shared client-focused approach, along with the ongoing local leadership of Carol Malcolmson, provides the team with the opportunity for further growth and development, and as a spring-board for continuing success.”
And Mike Cullinane, regional managing director, 1825, North West, said: “I’m delighted 1825 has extended its geographical reach and that we will now have a presence in Northern Ireland. I welcome the BDO NI wealth management team to 1825 North West region.
“We have many shared values on the importance of good financial advice and doing the best for our clients.”