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]
| Company type | Privately held company |
|---|---|
| Industry | Wealth management |
| Founded | 1792 |
| Headquarters | Bishopsgate 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) |
| Website | charles-stanley |
History edit
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 edit
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 edit
- ^ Lynn, Alex (27 April 2016). "200-year-old wealth management firm to consolidate offices". Bridginf & Commercial Distributor. Retrieved 24 May 2016.
- ^ Smith, Warren (19 April 2016). "Charles Stanley Group PLC (LON:CAY) Issued With 'Buy' Rating At Peel Hunt". FTSE News. Retrieved 24 May 2016.
- ^ Lobo, Dylan (18 April 2016). "Charles Stanley investment head exits". Wealth Manager. Retrieved 24 May 2016.
- ^ Charles Stanley & Co.
- ^ "Charles Stanley Group Plc". Companies House. Retrieved 24 May 2015.
- ^ Bucak, Selin (18 December 2015). "Paul Abberley: Charles Stanley's three key targets". Wealth Manager. Retrieved 24 May 2016.
- ^ Bueso, Alexander (31 May 2019). "Charles Stanley beats forecasts with full-year numbers, raises payout". Sharecase. Retrieved 31 May 2019.[permanent dead link]
- ^ "Charles Stanley CEO Howard to step down after 40 years". Archived from the original on 2021-12-01.
- ^ Phillipps, James (25 September 2021). "Charles Stanley's Howard steps down as chief executive". Wealth Manager. Archived from the original on 2015-09-30.
- ^ Bambrough, Billy (26 November 2015). "More cost cutting to come at Charles Stanley". City AM. Retrieved 24 May 2016.
- ^ "Charles Stanley hikes dividend after profits beat expectations".
- ^ Hosking, Patrick. "Charles Stanley loses its independence to US wealth manager after 229 years". The Times. ISSN 0140-0460. Retrieved 2021-12-01.