British wealth manager St. James’s Place (SJP) has acquired technical support services provider Technical Connection for an undisclosed amount.
Since its incorporation in 1991, Technical Connection has been providing technical resource to St. James’s Place. The company provides consultancy on taxation, trusts, financial products and product development.
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Following the acquisition, the technology vendor will continue to operate from its existing premises in central London.
The acquisition will see SJP partners accessing technical support through the Technical Connection’s online knowledge management platform Techlink Professional that will continue to be available to existing adviser and institutional clients.
Technical Connection joint managing directors Tony Wickenden and John Woolley will continue in their current roles.
SJP CEO David Bellamy said: "We have worked with Technical Connection for many years and are very pleased they have agreed to become part of SJP.
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By GlobalData"Bringing together the experience and innovation of Technical Connection with SJP’s existing technical support team creates a very powerful centre of business-focused technical expertise to enhance the support we provide to our partners and advisers in helping clients to navigate their financial decisions."
Commenting on the acquisition, Wickenden said: "Being part of the St. James’s Place Group will enable us to significantly grow our team of skilled technicians and expand our regional capability.
"We will deliver an increased level of technical support for St. James’s Place and continue to serve our existing adviser and institutional clients through a carefully structured, recruitment plan and by smart deployment of online knowledge-based solutions."
