View more on these topics

Charles Stanley looks to take on Barclays Wealth managers and open Cardiff office

Charles Stanley is in talks to take on a number of Cardiff-based Barclays Wealth and Investment Management investment managers and open an office in the Welsh capital, Money Marketing understands.

The wealth manager is understood to be working towards opening a Cardiff office by April 2014 and is currently in discussions with Barclays investment managers about them moving across to the new office.

A Charles Stanley spokesman says: “Charles Stanley is an acquisitive business and we are always looking for the right kind of investment management teams to join our established business. An area like Cardiff would certainly fit within our network structure.”

Charles Stanley currently has around 400 investment managers across 32 offices in the UK but currently as yet has no Welsh premises.

Barclays Wealth recently announced it was cutting 100 private banker jobs as it looks to further streamline its wealth management services.

Barclays has also announced it is to stop offering wealth management services in 130 countries to focus on a core 70 countries.

PMI Independent Financial Advisers director John Stewart says: “The Barclays guys coming in will have good experience and compliance procedures and  the transition should be fairly seamless.

“Clearly a major part of the move would be the client connections Barclays wealth advisers already have in place, meaning they can hit the ground running when the new office is opened.”

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com