Standard Life Aberdeen (SLA) is set to buy Grant Thornton’s Financial Planning and wealth management arm, according to reports.

Sky News claims SLA’s advice arm, 1825, had entered into exclusive negotiations to buy Grant Thornton’s wealth advisory business for around £30m.

The news outlet says that, if completed, the deal “would add about 100 employees to 1825, including a handful of partners and roughly 30 individual financial advisers (IFAs)” from Grant Thornton’s Chartered Financial Planning business.

Neither firm has commented publicly on the rumour. 

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