Raymond James completes acquisition of Charles Stanley
ST. PETERSBURG, Fla. – Raymond James Financial (NYSE: RJF) announced today that it has completed the acquisition of U.K.-based Charles Stanley Group. The U.K. Financial Conduct Authority and Charles Stanley shareholders approved the transaction.
Charles Stanley continues to operate as a separate brand and does business as Charles Stanley, a division of Raymond James. It joins wealth manager Raymond James Investment Services (RJIS) in the Raymond James U.K. footprint, boosting total regional client assets to more than £42 billion.
“Throughout this process, our long-held admiration of Charles Stanley and our belief that our firms share a common, client-centric approach were proven repeatedly,” said RJF Chairman and CEO Paul Reilly. “We very happily welcome the Charles Stanley family to Raymond James and look forward to a prosperous future together.”
Charles Stanley provides holistic wealth management services to private clients, charities, trusts and institutions. Its origins trace back to 1792 and was one of the oldest firms on the London Stock Exchange prior to the acquisition. Charles Stanley has a national presence, with 26 locations and over 800 professionals. Its wealth management services are provided directly to clients and to intermediaries.
Raymond James Investment Services is one of the fastest-growing wealth management firms in the UK today, supporting investment managers and investment-focused financial planners. These wealth managers service high-net-worth clients with complex financial needs.
About Raymond James Financial, Inc..
Raymond James Financial, Inc. (NYSE: RJF) is a leading diversified financial services company providing private client group, capital markets, asset management, banking and other services to individuals, corporations and municipalities. The company has approximately 8,500 financial advisors. Total client assets are $1.22 trillion. Public since 1983, the firm is listed on the New York Stock Exchange under the symbol RJF. Additional information is available at www.raymondjames.com.