Redmayne Bentley completes acquisition of client assets from failed Liverpool broker

Wealth management and stockbroking firm Redmayne Bentley has completed the acquisition of the private client business of failed Liverpool broker Blankstone Sington.

The deal sees the firm opening its doors to 1,700 clients, along with the creation of four jobs and a new office in Liverpool city centre.

Leonard Curtis was appointed as the Special Administrator for wealth manager and stockbroker Blankstone Sington on October 13, 2023, securing all clients’ assets and safeguarding the company’s systems.

The firm had more than £400m of funds under management when it entered special administration that month.

It was best known in the region as the only stockbroker dealing in shares of Everton FC.

Leonard Curtis deemed the most favourable solution for Blankstone Sington clients was for a transfer of their money and assets to a single broker, which is also regulated by the FCA (Financial Conduct Authority).

Redmayne Bentley was selected as the preferred candidate.

In preparation for receiving the clients and their assets, Redmayne Bentley opened a new office at Twenty Chapel Street, based in Liverpool’s centre – other tenants include Liverpool FC, Barclays Wealth and Link Group. The firm has also appointed former Blankstone employees Ben Taxman, Sarah Eden-Heyes, Enid Aubrey and Ali Keegan, who will be the point of contact for clients, assisted by the firm’s 200-strong Leeds head office.

Stuart Davis, chief executive, Redmayne Bentley, said: “For the former Blankstone clients, finalising the transfer of their assets and cash to Redmayne Bentley hopefully concludes a chapter of uncertainty, frustration and worry. We are delighted to support them with our award-winning personal investment management, financial planning and traditional stockbroking services.

“We are also very pleased to welcome Ben, Sarah, Enid and Ali who have a combined industry experience of over 100 years. They have been working with us to support a smooth client transition and are now supporting clients with a continued service.

“This acquisition supports our long-term strategy for growth, while continuing to focus on delivering excellence.”