Wealth manager Charles Stanley is opening a new office in Southampton.
The new space will house 10 staff creating a second Charles Stanley “super office better suited to servicing client needs”. It will offer bespoke investment management, financial planning services, and services for professional intermediaries.
Wealth managers and other staff from Charles Stanley’s previous Wimborne office moved to the new site at the start of December, and will be joined in January by Sean Mylchreest and Nicola Smith from the Isle of Wight.
“A lot has changed in the last ten years and our previous office was out of step with client needs and modern wealth management,” said David Holmes, branch manager for Charles Stanley Southampton.
“The new office in Southampton offers greater square footage, more meeting rooms, better parking and room to expand further. The new premises and enhanced service offering is what we need to best service our clients on the South Coast of England.”
Gary Teper, head of Charles Stanley’s private client investment management division, added: “2017 was a strong year for the Charles Stanley private client division and we wish to continue to grow in 2018. That requires us to enhance the services that we offer our clients and how they can access them – technology plays an important role in this but personal relationships remain at the heart of what we do.
“A larger office that enables clients to access a range of services in one location represents a significant upgrade in our service offering in the South of England. The larger, more conveniently located office will enable us to facilitate our growth plans and offer more clients access to the high quality wealth management services we offer. Southampton is already a regional hub for professional services with many accountants and lawyers nearby and it is right that Charles Stanley is positioned amongst them as part of that regional professional network.”
Charles Stanley currently has £24 billion of client funds under management and administration (at 31 March 2017). Through its regional network of 24 offices across England and Scotland, the group provides private, corporate and institutional clients with a range of discretionary, advisory and execution-only products and services.