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Recommended Offer for Charles Stanley

The Boards of Charles Stanley and Raymond James have reached agreement on the terms of a recommended acquisition of Charles Stanley by Raymond James.

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Charles Stanley

in Fiduciary news


The Board of Charles Stanley is pleased to announce its recommendation to shareholders to accept an offer from Raymond James to purchase the company. Raymond James is a large US-based financial services company, particularly known for wealth management. It also has a UK wealth business. You can read about the terms of the offer in more detail here https://www.charles-stanley.co.uk/investor-relations

The Acquisition would provide both Raymond James and Charles Stanley with the opportunity to accelerate the growth of their respective current UK wealth management businesses, creating operations with the scale to support expansion and flourish in a highly competitive and consolidating UK marketplace.

Commenting on the Acquisition, Paul Abberley, CEO of Charles Stanley, said:

“The Board believes that the terms of the Acquisition represent fair value and an attractive premium for Charles Stanley shareholders and therefore intends to recommend unanimously that Shareholders vote in favour of the Acquisition.  Raymond James recognises Charles Stanley’ reputation, heritage and talented staff, as well as our shared client-centric approach and compatible structures and cultures. Supported by the clear strategic rationale and intentions Raymond James has described today, I believe all stakeholders will benefit from the opportunities for growth arising from Charles Stanley becoming embedded within the Raymond James group.”

Paul Reilly, CEO of Raymond James, said:

We have long respected and admired Charles Stanley and believe our proposal presents an extremely attractive opportunity to combine our respective UK wealth management operations. Raymond James will seek to leverage the respective strengths of Charles Stanley and Raymond James through further investment in technology, infrastructure and back office partnerships to enhance the firms’ already strong offering in wealth management.

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