Cumberland Place Financial Management will merge with the team at 1825 in a deal that is expected to compete in the first half of 2018.
Its two founding directors, Tony Moss and Robert Goldschmidt, will continue to run the business under the 1825 banner. They will bring with them six financial planners, three paraplanners and three investment analysts among the 21 employees.
Cumberland Place offers both advice and discretionary investment management services.
The deal takes 1825’s number of financial planners to more than 75, advising 9,000 clients on £4bn of assets.
Moss said: “We have built a strong business over 15 years by putting the client at the forefront of everything we do. 1825 share these values and I am confident that this acquisition will be a tremendous success, allowing us to build on our existing foundations and provide additional resource and expertise to our clients.
“We are delighted to become part of 1825 which will provide our clients with a fantastic service proposition as well as enhanced career opportunities for our employees.”
1825 chief executive Julie Scott dubbed Cumberland Place a “fantastic addition” to the team.
“As the demand for financial advice continues to grow in the UK we want to be able to offer the best service and proposition possible with a great set of experts to support them,” she added.
