Charles Stanley Group

Charles Stanley is a UK-based investment management company, providing wealth management services to private clients, charities and smaller institutions.[1][2] Established in 1792, it was one of the oldest firms on the London Stock Exchange.[3]

Charles Stanley Group
TypePrivately held company
IndustryWealth management
Founded1792
HeadquartersBishopsgate
London, EC2
United Kingdom
Key people
Paul Abberley (CEO)
Sir David Howard, 3rd Baronet (Chairman)
Revenue£155.2 million (2019)
£9.5 million (2019)
£11.0 million (2019)
Number of employees
Circa 850 (2019)
Websitecharles-stanley.co.uk

History

A subsidiary of the group, Charles Stanley & Co. Ltd., was first listed on the London Stock Exchange in 1852.[4] The Charles Stanley Group itself was incorporated and listed in 1896.[5] The Group offers four core services: wealth management, financial planning, an online execution-only platform, and asset management.[6]

Operations

In March 2019, it reported £24.1 billion of investments under management and administration.[7]

The group's board of directors is chaired by Sir David Howard, 3rd Baronet, who was appointed to the position in 1999.[8] He stepped down as group chief executive in 2014.[9] Paul Abberley replaced Howard as chief executive in December 2014.[10]

In 2019, Charles Stanley reported revenues of £155.2 million.[11]

In July 2021, the company was sold to Raymond James Financial for £279 million.[12]

References
  1. Lynn, Alex (27 April 2016). "200-year-old wealth management firm to consolidate offices". Bridginf & Commercial Distributor. Retrieved 24 May 2016.
  2. Smith, Warren (19 April 2016). "Charles Stanley Group PLC (LON:CAY) Issued With 'Buy' Rating At Peel Hunt". FTSE News. Retrieved 24 May 2016.
  3. Lobo, Dylan (18 April 2016). "Charles Stanley investment head exits". Wealth Manager. Retrieved 24 May 2016.
  4. Charles Stanley & Co.
  5. "Charles Stanley Group Plc". Companies House. Retrieved 24 May 2015.
  6. Bucak, Selin (18 December 2015). "Paul Abberley: Charles Stanley's three key targets". Wealth Manager. Retrieved 24 May 2016.
  7. Bueso, Alexander (31 May 2019). "Charles Stanley beats forecasts with full-year numbers, raises payout". Sharecase. Retrieved 31 May 2019.
  8. "Charles Stanley CEO Howard to step down after 40 years". Archived from the original on 2021-12-01.
  9. Phillipps, James (25 September 2021). "Charles Stanley's Howard steps down as chief executive". Wealth Manager. Archived from the original on 2015-09-30.
  10. Bambrough, Billy (26 November 2015). "More cost cutting to come at Charles Stanley". City AM. Retrieved 24 May 2016.
  11. "Charles Stanley hikes dividend after profits beat expectations".
  12. Hosking, Patrick. "Charles Stanley loses its independence to US wealth manager after 229 years". The Times. ISSN 0140-0460. Retrieved 2021-12-01.
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