Redmayne-Bentley, a UK-based provider of stock broking and investment management services, has purchased a private client stockbroker Havelock Hunter for an undisclosed sum.
The acquisition of Tunbridge Wells Havelock Hunter will boost Redmayne-Bentley’s regional office network in the UK to 38.
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Following the deal, Havelock will become part of Redmayne-Bentley and its day-to-day management of client accounts will continue by co-owners Robert Hunter, John Kennett and James Havelock Andrews.
Redmayne-Bentley investment partner Stuart Davis said: "This acquisition represents Redmayne-Bentley’s ongoing commitment to provide traditional and professional stockbroking and investment management services, whilst extending its presence across the UK."
Andrews said: ""Both companies’ business models are very similar and both believe that building excellent client relations and providing a high level of customer service is paramount to creating a successful business.
"We believe that becoming part of the larger group will bring many new benefits to our clients, whilst still enabling us to continue to provide the same level of personal service that our clients expect and deserve."
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By GlobalDataDavis said: "Havelock Hunter’s clients will continue to receive the high level and quality of service they are used to. They will also benefit from the wider range of services offered by Redmayne-Bentley."
