UK wealth management and stockbroking firm Redmayne Bentley has confirmed that, subject to final regulatory and Court approval, it is acquiring the private client business of Blankstone Sington.
Leonard Curtis was appointed as the Special Administrator for the Liverpool-based wealth manager and stockbroker Blankstone Sington Limited on Friday 13 October, securing all clients’ assets and safeguarding the company’s systems.
Leonard Curtis have deemed the most favourable solution for Blankstone Sington clients is for a transfer of their money and assets to a single broker which is also regulated by the FCA. Having undertaken a thorough process with a number of parties, Redmayne Bentley was selected as the preferred candidate.
The transfer will enable clients to be reunited with their assets and provides them with a secure home for the long term at one of the largest independent private client wealth management and stockbroking firms in the UK.
Leonard Curtis confirmed the details of the proposed Distribution Plan to Blankstone Sington clients and notified them of the planned transfer to Redmayne Bentley.
The completion of the transfer is expected in late June, as part of the process Blankstone Sington clients will not be able to speak to Redmayne Bentley until this point.
In the meantime, information and support is available to clients affected at www.leonardcurtis.co.uk/case/blankstone
Stuart Davis, chief executive, Redmayne Bentley said: “We are delighted Leonard Curtis selected Redmayne Bentley. Being a privately owned business of 150 years standing, we look forward to providing these clients with some stability and certainty going forward. Our service proposition, and the high levels of client service that we have always strived to deliver, provide a natural fit for Blankstone Sington clients.
“We are entering the final stages of regulatory and legal approvals but have passed key milestones such as signing of the Sale and Purchase Agreement and submitting Migration Plans to the regulator. We continue to work with other external parties to ensure a smooth transition for clients.
“We are excited to be able to provide these clients with our personal investment management, financial planning and traditional stockbroking services, as we continue to grow and invest in the business for our long-term future.”
Redmayne Bentley has previously successfully onboarded large scale transfers of clients from other firms including Havelock Hunter, Fyshe Horton Finney, and SP Angel.
