Charles Stanley Group

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Charles Stanley Group plc
TypePublic company
LSE: CAY
IndustryInvestment management
Founded1792
HeadquartersBishopsgate
London, EC2
United Kingdom
Key people
Paul Abberley (CEO) Sir David Howard (Chairman)
Revenue£155.2 million (2019)
£9.5 million (2019)
£11.0 million (2019)
Number of employees
Circa 850 (2019)
Websitecharles-stanley.co.uk

Charles Stanley is a UK investment management company.[1] The company was established in 1792 and is one of the oldest firms on the London Stock Exchange.[2] The company provides wealth management services to private clients, charities and smaller institutions.[3]

History[]

A subsidiary of the group, Charles Stanley & Co. Ltd., was first listed on the London Stock Exchange in 1852.[4] The Charles Stanley Group itself was incorporated and listed in 1896.[5] The Group offers four core services: Wealth Management, Financial Planning, an award-winning online execution only platform and Asset Management.[6]

Operations[]

The Group currently has £24.1 billion of investments under management and administration (as at 31 March 2019).[7]

The Group's Board of Directors is chaired by Sir David Howard, who was appointed to the position in 1999.[8] He stepped down as group 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[]

  1. ^ Smith, Warren (19 April 2016). "Charles Stanley Group PLC (LON:CAY) Issued With 'Buy' Rating At Peel Hunt". FTSE News. Retrieved 24 May 2016.
  2. ^ Lobo, Dylan (18 April 2016). "Charles Stanley investment head exits". Wealth Manager. Retrieved 24 May 2016.
  3. ^ Lynn, Alex (27 April 2016). "200-year-old wealth management firm to consolidate offices". Bridginf & Commercial Distributor. Retrieved 24 May 2016.
  4. ^ Charles Stanley & Co.
  5. ^ "Charles Stanley Group Plc". Companies House. Retrieved 24 May 2015.
  6. ^ Bucak, Selin (18 December 2015). "Paul Abberley: Charles Stanley's three key targets". Wealth Manager. Retrieved 24 May 2016.
  7. ^ Bueso, Alexander (31 May 2019). "Charles Stanley beats forecasts with full-year numbers, raises payout". Sharecase. Retrieved 31 May 2019.[permanent dead link]
  8. ^ "Charles Stanley CEO Howard to step down after 40 years".
  9. ^ Phillipps, James (25 September 2021). "Charles Stanley's Howard steps down as chief executive". Wealth Manager.
  10. ^ Bambrough, Billy (26 November 2015). "More cost cutting to come at Charles Stanley". City AM. Retrieved 24 May 2016.
  11. ^ "Charles Stanley hikes dividend after profits beat expectations".
  12. ^ Hosking, Patrick. "Charles Stanley loses its independence to US wealth manager after 229 years". ISSN 0140-0460. Retrieved 2021-12-01.

External links[]

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