Printer Friendly

Charles Stanley buys Garrison; FINANCE.

Private client stockbroker Charles Stanley has agreed to buy a Yorkshire financial intermediary Garrison Investment Analysis for up to pounds 8 million.

Garrison, described by Stanley as one of the leading discount financial intermediaries in the UK, specialises in selling units trusts and other packaged investments in a variety of "wrappers" such as IS As and pensions.

Garrison administers clients' assets worth some pounds 200 million and another pounds 175 million in collective funds.

Mike Lilwall, a director of Stanley, stressed the acquisition will make no difference to clients of its Birmingham office run by Lawrence Fagg.

"It is a different type of client, purely execution only," he said. "All the Birmingham clients are advisory or discretionary."

Sir David Howard, Stanley's chairman, commented "Garrison with its well-established name, is an excellent fit for the range of services offered by Charles Stanley. Strategically this is a further expansion for us into the strongly growing execution-only area of the market."
COPYRIGHT 2007 Birmingham Post & Mail Ltd
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Business
Publication:The Birmingham Post (England)
Date:Jun 15, 2007
Words:158
Previous Article:Public and private partnerships prove worth, says Splash chief; REGENERATION.
Next Article:Nissan will expand plant in Britain; AUTOMOTIVE.


Related Articles
Stockbroker impresses as profits double.
Tile liquidation. (Real Deals).
Ex-Circatex boss takes Tanfield role.
Garrison Pioneer Cemetery.
Wise investments a boost for Stanley; STOCKBROKING.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters