Redmayne-Bentley has acquired GBP300 million (US$456.8 million) of Fyshe Horton Finney’s (FHF) assets from its administrator after FHF too the decision to go into voluntary administration.
Previously FHF provided discretionary, advisory and execution only services via 15 locations across the UK. The transaction is expected to increase Redmayne-Bentley’s number of private-client stockbroking clients by approximately 10% and increase their total assets under management by GBP300 million.
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Keith Loudon, senior partner at Redmayne-Bentley, said: "This transaction allows us to offer continuity of stockbroking and Investment Management services to former FHF clients who we hope will establish a long term relationship with our firm."
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