Charles Stanley Group Explained

Charles Stanley & Co. Limited
Type:Privately held company
Key People:Paul Abberley (CEO)
Industry:Wealth management
Revenue:£155.2 million (2019)
Operating Income:£9.5 million (2019)
Net Income:£11.0 million (2019)
Num Employees:Circa 850 (2019)
Foundation:1792
Location:Ropemaker Place
London,
United Kingdom

Charles Stanley & Co. Limited 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]

History

A subsidiary of Charles Stanley & Co. Ltd., was first listed on the London Stock Exchange in 1852.[4] The company itself was incorporated and listed in 1896.[5] It 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 board of directors is chaired by Sandy Kinney Pritchard, who was appointed to the position in February 2024.[8] Sir David Howard, stepped down as chair in 2024 and he was originally 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]

Notes and References

  1. News: Lynn . Alex . 27 April 2016 . 200-year-old wealth management firm to consolidate offices . Bridginf & Commercial Distributor . 24 May 2016.
  2. News: Charles Stanley PLC (LON:CAY) Issued With 'Buy' Rating At Peel Hunt. Smith. Warren. 19 April 2016. FTSE News. 24 May 2016.
  3. News: Charles Stanley investment head exits. Lobo. Dylan. 18 April 2016. Wealth Manager. 24 May 2016.
  4. http://www.charles-stanley.co.uk/about-us/ Charles Stanley & Co.
  5. Web site: Charles Stanley Plc. Companies House. 24 May 2015.
  6. News: Paul Abberley: Charles Stanley's three key targets. Bucak. Selin. 18 December 2015. Wealth Manager. 24 May 2016.
  7. News: Charles Stanley beats forecasts with full-year numbers, raises payout. Bueso. Alexander. 31 May 2019. Sharecase. 31 May 2019.
  8. Web site: Raymond James Wealth Management announces two senior hires . moneymarketing.co.uk . 2024-01-23 . 2024-10-12.
  9. Web site: Phillipps. James. 25 September 2021. Charles Stanley's Howard steps down as chief executive. live. Wealth Manager. https://web.archive.org/web/20150930020930/http://citywire.co.uk/wealth-manager/news/charles-stanleys-howard-steps-down-as-chief-executive/a774426 . 2015-09-30 .
  10. News: Bambrough. Billy. 26 November 2015. More cost cutting to come at Charles Stanley. City AM. 24 May 2016.
  11. News: Charles Stanley hikes dividend after profits beat expectations.
  12. News: Hosking. Patrick. Charles Stanley loses its independence to US wealth manager after 229 years. . en. 2021-12-01. 0140-0460.

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