Charles Stanley builds up Leeds presence with DFM acquisition

Myddleton Croft has three investment managers and £96.5m AUM

Charles Stanley has taken on £96.5m in new assets as it acquires Leeds wealth manager Myddleton Croft, while it continues to recruit for additional investment managers in the region.

The firm, founded in 2006, offers discretionary investment services and model portfolios to individuals, advisers, trusts and pension funds. It had revenues of £1.1m for the year ended 30 June.

All Myddleton Croft investment managers will join Charles Stanley with Carolyn Black, Patrick Toes and Robert Feather reporting into Leeds branch manager Simon Martin and Jonathan Baker, who is responsible for Charles Stanley’s northern hub comprising Leeds and Manchester.

Myddleton Croft managing director Julie Jones (pictured) said she is excited about the next phase of business growth under Charles Stanley. “They offer the right mixture of culture, high service standards, and location without compromising our investment philosophy, which is important to us.”

Charles Stanley’s Leeds office is currently recruiting for additional investment managers, it said in a press release.

Charles Stanley chief executive Paul Abberley welcomed Myddleton Croft’s “well-established name and reputation” as the firm looks to build out its presence in Yorkshire and the North East.

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