FTSE 100 firm acquires Rowan Dartington
FTSE 100 wealth management firm St.James’s Place has acquired Bristol stockbrockers Rowan Dartington.
The Bristol-based firm has assets in excess of £1bn with 10 regional offices and 100 staff.
The management team, led by Graham Coxell says it is committed to growing Rowan Dartington, within the St. James’s Place group.
BLM understands that as well as providing a complementary service to those already offered by St. James’s Place, Rowan Dartington will continue to deliver award winning private client investment services.
Graham Coxell, executive chairman at Rowan Dartington, comments: “We are incredibly excited about the future.
“We feel this opportunity represents the best possible ‘next chapter’ in RD’s growth and development, and is complementary to the already extremely successful and broad proposition of the SJP group.
“This opportunity will provide a strong platform for St. James’s Place to provide discretionary fund management services to high net worth clients.
“it will also enable Rowan Dartington to continue to develop and support the propositions and services to our existing and new private clients, as well as the broader UK financial adviser market.”