CAY.L Regulatory News (CAY)

Charles Stanley Group PLC announces the acquisition of

Jobson James Financial Services Limited

Charles Stanley Group PLC ("Charles Stanley") is pleased to announce the acquisition of Jobson James Financial Services Limited ("JJFS") for a maximum consideration over a period of two years of £2.25 million, subject to certain revenue targets being achieved. 

Formed in 1993 and based in Edgbaston, Birmingham, JJFS provides wealth management advice and services for both private and corporate clients including pensions and retirement planning. The company also advises on life and health assurance products and provides tax advisory services. The acquisition will contribute to Charles Stanley's strategic positioning of building a stronger presence in the Midlands. 

Jobson James Insurance Brokers Limited, JJFS's sister company was not included in the acquisition and will now operate as an unconnected stand alone business.

The existing senior management team on the wealth management and financial planning side of the business, including Richard Venner and Miles Goodworth, will remain on the board of JJFS with representatives from Charles Stanley.

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