Wealth manager St James’s Place has signed a deal to provide wealth management and Financial Planning services to the 160,000 solicitors who are members of the Law Society of England and Wales.

SJP says the "strategic partnership" will give Law Society members, and their clients, access to a wide range of SJP financial services.

SJP says as part of the deal its advisers will offer advice to solicitors on investing and managing bonuses or business cash flow. They will also offer advice on acquiring or merging with other practices and how to create a legacy plan for their business and retirement plans for themselves.

SJP will also provide resources for Law Society solicitors through articles, CPD training and practice area updates on wills and estate management, trusts, charity work and tax as well as “the relationship between Financial Planning and wellbeing."

Paul Ainslie, head of campaigns and partnerships at SJP, said: “I am delighted that the Law Society of England & Wales has chosen to work with St James's Place, affording us the opportunity to expand on the support we already provide to solicitors via The Law Society of Scotland.”

“Our remit is simple, we will share our professional expertise with members so that they have the confidence and knowledge to help make the right decisions at the right time to create the future they want for themselves, their family, their business and their clients.”

Fiona O’Mahony, head of partnerships at the Law Society said: “We’re pleased to begin a partnership with St James’s Place. As a strategic partner we are looking for SJP to offer their expertise to support our members in all aspects of Financial Planning with clients. We are also keen to see how their advisers deliver their knowledge and advice to solicitors as both individuals and businesses themselves.”