Charles Stanley acquires Birmingham firm in multi-million deal

A BIRMINGHAM financial services group has been acquired by wealth management group Charles Stanley in a £2.25m deal.

The agreement by the group to acquire Edgbaston based Jobson James Financial Services Ltd is subject to certain revenue targets being achieved.

Formed in 1993, JJFS provides wealth management advice and services for both private and corporate clients including pensions and retirement planning.  

Around 10% of the Midlands Rich List are private clients and many of the leading employers in the area are advised by the corporate team.

The company, which has six consultants, also advises on life and health assurance products and provides tax advisory services.

In a statement to the London Stock Exchange, Charles Stanley said: “The acquisition will contribute to (our) strategic positioning of building a stronger presence in the Midlands.”

Jobson James Insurance Brokers Ltd, JJFS’s sister company is not included in the acquisition and will now operate as an unconnected stand alone business.

The existing senior management team on the wealth management and financial planning side of the business, including managing director Richard Venner and his deputy Miles Goodworth, will remain on the board of JJFS together with representatives from Charles Stanley.

JJFS has been awarded Chartered Financial Planners status by The Chartered Insurance Institute (CII).

A member of the London Stock Exchange since 1852, Charles Stanley is one of the leading private client stockbroking, investment management and financial planning groups in the UK.

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