First mooted in February, the deal is SJP’s first foray into an overseas market and will enable it to service the British expatriate market in a number of Asian cities.
The Henley Group, the chief executive of which sits on the International Adviser intermediary panel, has more than 50 advisers, offices in Hong Kong, Singapore and Shanghai and around £400m in assets under advice.
SJP said both companies’ business models are based on “high quality face-to-face advice, strong corporate values and a quality management team to maintain a successful and robust business”.
Antony Michell, chairman of The Henley Group said: “We have spent over 24 years building one of the most respected wealth management firms in Asia and now, with the support of St. James’s Place, one of the UK’s leading wealth management companies, we are excited to begin the next chapter of this journey.
“We have the opportunity to develop a truly unique proposition for expatriates in Asia helping them achieve their financial goals.”
Completion of the deal comes a full year after The Henley Group announced it was to open its first UK office in partnership with SJP in Bristol.
