Charles Stanley Group announces the acquisition of the Leeds based wealth management company, Myddleton Croft Limited.
Formed in 2006 and based in Leeds, Myddleton Croft provides discretionary investment management services and model portfolios to individuals, trusts, pension funds, charities and their advisers. For the year ended 30 June 2018, Myddleton Croft had revenues of £1.1 million and had funds under management of £96.5 million.
Speaking about the acquisition, Paul Abberley, Chief Executive Officer of Charles Stanley, commented:
“I am delighted to welcome the Myddleton Croft team to Charles Stanley who will further strengthen our presence in Yorkshire and the North East. Myddleton Croft’s business model and client base, together with its well-established name and reputation, make it an excellent fit for us.”
“We are committed to providing its clients with a seamless service and continuing the first-class levels of client care that they have come to expect and that we pride ourselves in delivering. They will also be able to benefit from our broader range of services if needed.”
Julie Jones, Managing Director of Myddleton Croft says: “We are excited to be joining forces with Charles Stanley where we can achieve the next phase of business growth. They offer the right mixture of culture, high service standards and location without compromising our investment philosophy, which is important to us and our clients.”
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