SHRE.L Regulatory News (SHRE)

The Share Centre completes acquisition of accounts from J.P. Morgan Asset Management

The Share Centre, a leading UK independent retail stockbroker, announced on 9 April 2019 it had agreed to acquire an active book of accounts from J.P. Morgan Asset Management and the migration would commence in September.

We are now pleased to announce the successful transfer of these accounts, with over 13,000 accounts being on boarded with The Share Centre over the weekend. The accounts hold a range of J.P. Morgan Investment Trusts and/or OEICs and following the migration, customers are able to invest in a wide range of investment vehicles through the platform.

As a strong advocate of investment trusts, we launched our preferred list of investment trusts in 2016 and continue to research and update this in order to help personal investors navigate the market. This acquisition further positions The Share Centre as a leading provider of administration services to those investment trust managers wanting to ensure retail investors have the best possible service when choosing to invest in their products.

Commenting on the acquisition, Richard Stone, Chief Executive of The Share Centre said: "I am delighted to welcome these customers to The Share Centre and we look forward to helping these customers work towards their investment goals. This acquisition from J.P. Morgan is in line with our stated aim of growing our business through strategic acquisitions and partnerships and continues our efforts to support personal investors.

"At the heart of our business is the relationship with our customers and high quality customer service is central to all that we do. We have an experienced team, are proud of the service we offer and look forward to providing our new customers and investors in J.P. Morgan investment trusts with a secure home and trading service for their investments."

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Notes to editors

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Risk Warnings:

Investing in general, and the products and services mentioned above may not be suitable for all: if in doubt, individuals should seek independent financial advice. The value of investments and the income from them can go down as well as up and investors may not get back their original investment. Past performance is not a reliable indicator of future performance.

The bases and levels of taxation relating to ISAs, CTFs and SIPPs are subject to change and the value of these tax allowances may depend upon the circumstances of the individual.

The Share Centre Limited is a member of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority under reference 146768.

Registered in England No. 2461949 Registered office - Oxford House, Oxford Road, Aylesbury, Bucks, HP21 8SZ.