The latest M&A deals in wealth management across Europe, the Middle East and Africa.

1825, Standard Life Aberdeen’s wholly-owned financial planning and advice business, has agreed to buy the wealth management arm of BDO Northern Ireland, adding to a string of deals in recent years.

The acquired firm – 1825’s first such business in Northern Ireland - has assets under advice of about £230 million ($303.8 million).

BDO Northern Ireland’s wealth management team, which has 12 staff, including four financial planners, specialises in wealth planning and support covering fields such as corporate and personal and trust advice. 

When the purchase is completed 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. 

The financial terms of the deal - expected to complete on 1 July 2019 - were not disclosed.

So far, acquisitions by I825 have been as follows: Pearson Jones – May 2015; Munro Partnership – July 2016; Baigrie Davies – Aug 2016; Jones Sheridan – Nov 2016; Fraser Heath – March 2018, and  Cumberland Place April – 2018.