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Charles Stanley acquires IFA firm Jobson James for £2.25m

Charles Stanley Group has acquired Birmingham-based Jobson James Financial Services for a deal worth up to £2.25m.

The total cost of the deal is subject to certain revenue targets being achieved over a two-year period.

Formed in 1993 and based in Edgbaston, Birmingham, Jobson James Financial Services, which has 16 advisers, provides wealth management services to individuals and companies. Services range from group and corporate pensions, financial planning for directors, corporate investment advice, redundancy counselling and retirement advice.

On the private client side, the company has predominantly been a wealth management business covering investment advice, pensions and personal protection cover. JJFS also provides tax services for its clients, including estate and inheritance tax planning.

Jobson James Insurance Brokers, the sister company of JJFS, was not included in the deal and will operate as a separate business.

The existing management team will remain on the board, which will also include representatives of CSG.

CSG chairman Sir David Howard says: “The company is a high-quality acquisition for the Group and complements the expanding activities of Charles Stanley in this area of financial services. The acquisition contributes to Charles Stanley’s strategic positioning of building a stronger presence in the Midlands.”


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