London-based financial advice firm Advies has acquired St Andrews Financial, adding around £200m in assets under advice.
St Andrews Financial was founded 20 years ago by James Hickson and advises around 300 clients in London and the South East.
Following completion of the acquisition, St Andrews Financial will be rebranded as Advies, with integration taking place over the course of the next year.
James Hickson will join Advies as executive IFA and will continue advising clients from the firm’s office at 100 Bishopsgate.
Mr Hickson said: “Over more than two decades, we have built St Andrews Financial around trusted relationships and a highly personal approach to advice. In Advies, we have found a partner that shares that philosophy and has the scale, ambition and infrastructure to support the next stage of growth.”
Conor MacSweeney, partner at Advies, said that acquisition will strengthen the firm’s presence in London and the South East and add momentum to its long-term growth plans.
The acquisition was funded by financing from the Saltus Partnership Programme, which Advies joined in October 2023.
Mike Stimpson, managing director of the Saltus Partnership Programme, said: “This acquisition is exactly the kind of strategic growth the Saltus Partnership Programme is designed to support. Advies is an ambitious, high-quality business, and the addition of St Andrews Financial further strengthens its proposition in a way that is aligned with its long-term plans.”
Saltus launched its partnership programme in August 2023 as part of its succession planning offering. Saltus is a wealth manager and Financial Planner, first launched in 2004, and now managing over £11bn in assets.
Advies was founded by Conor MacSweeney and James Wills in 2006.