Charles Stanley Group
Company type | Privately held company |
---|---|
Industry | Wealth management |
Founded | 1792 |
Headquarters | Ropemaker Place London, EC2Y United Kingdom |
Key people | Paul Abberley (CEO) |
Revenue | £155.2 million (2019) |
£9.5 million (2019) | |
£11.0 million (2019) | |
Number of employees | Circa 850 (2019) |
Website | charles-stanley |
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]
References
- ^ 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 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 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 ]
- ^ "Raymond James Wealth Management announces two senior hires". moneymarketing.co.uk. 2024-01-23. Retrieved 2024-10-12.
- ^ 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.