Displaying items by tag: Charles Stanley

One in four adults have stopped or are planning to stop contributing to their workplace pensions in order to keep up with rising living costs, a new study has found.

The FCA has today approved the £280m takeover of wealth manager Charles Stanley by rival wealth firm Raymond James.

The takeover of wealth manager and SIPP provider Charles Stanley by US-owned rival Raymond James has been pushed back a month due to delays in securing FCA approval.

Industry jargon deters nearly 55% of people from investing, according to a new survey.

Despite the effect of the Coronavirus pandemic, Charles Stanley Group revenue has increased 1.7% for the second quarter of 2020 year on year due to strong progress from the Financial Planning division.

Wealth manager and SIPP provider Charles Stanley has appointed former Brown Shipley chief executive Ian Sackfield as managing director, investment management services (branches) to lead the firm’s 20 regional offices.

Mr Sackfield, who was rival Brown Shipley’s CEO for nine years, will have responsibility for driving business development and productivity, as well as branch oversight. 

He will join the firm’s executive committee and will report to head of investment management services, Peter Kelk.

The role is newly created and is based in Manchester.

Mr Sackfield has over 20 years’ board-level experience in financial services, including in a client-facing role as client director for over 18 months. 

Mr Kelk said: “Our recent financial results show the division is performing well, and this appointment reflects our continued commitment to our branch network outside of London. 

“Ian will provide the overarching, dedicated focus needed to guide it through a fast-changing commercial landscape. In his role, both as an ExCo member and head of the branches, he brings the depth of leadership, management and client facing experienced required.  I am delighted that he has chosen Charles Stanley for the next stage of his career and to welcome him to the team.”

Mr Sackfield said: “Charles Stanley has a long track record and a reputation for innovation and delivering high levels of personalised, customer service.  It has a strategy that is clearly delivering and is at an exciting stage of its transformation programme.  I am looking forward to being part of its clear growth trajectory and playing a part by contributing in a significant way.”

Many adults have never discussed retirement plans and finances with their parents despite the impact it might have on later life care, according to new research.

What clients most want from advisers is help in achieving their overall financial goals and maximising investment returns is a secondary consideration, according to an adviser survey.