Wealth management group St James’s Place has acquired protection specialists Future Proof.
Future Proof will become part of the St James’s Place Group and support the partnership through the provision of specialist protection advice.
Established in 2011, Future Proof provides advice on Income Protection Insurance, Critical Illness Insurance and Life Insurance, in both the personal and business markets. Since its creation, it has arranged over £800m worth of cover for clients via a range of insurance companies.
Iain Rayner, Joint Chief Operating Officer, said: “In a short space of time, Future Proof has established itself as one of the leading protection advisory services in the UK. They have achieved this by focusing on the value of relationships and with an ethos that is very similar to our own – to provide the highest level of advice to clients so that their needs, and those of their families, are met long into the future.
“We’re delighted to welcome the Future Proof team to St. James’s Place and look forward to working with them to give our clients and Partners access to quality protection solutions.”
Future Proof’s Founder, David Mead, said: “We’re extremely proud of the team we have at Future Proof and the high-quality protection advice they provide to clients. This has helped thousands of people to safeguard their futures against life’s many uncertainties.
“To be able to now support St. James’s Place Partners and clients with important and often complex conversations about protection marks the beginning of an exciting new chapter and is another step towards closing the protection gap that exists in the UK.”