Standard Life purchase of threesixty
Standard Life plc (standardlife.com) has just announced its purchase of the remaining 75% stake in the intermediary support services business, threesixty LLP (threesixtyservices.co.uk), having held a 25% stake in the firm since May 2007. The acquisition was effective from 12 March 2010.
threesixty is one of the premier intermediary support services firms in the UK with 575 high quality IFA (Independent Financial Adviser) clients firms who are responsible for 5,160 regulated financial advisers.
The business has a wide reputation for providing compliance, technical help and training, as well as technology advice and support to top quality intermediary firms and has grown successfully since its formation in March 2003.
Standard Life has worked closely with and fully supported the IFA market for many years and the further investment in threesixty demonstrates our continuing belief and long-term commitment to the IFA sector as we approach the implementation of the Retail Distribution Review (RDR). We believe this agreement will further strengthen our understanding of advisers and what we can do to further meet their needs and requirements in the future.
