Intrinsic buys minority stake in AR firm Charles Derby

Charles Derby, which is the network's largest partnered firm with a total of £1.3bn assets under advice, 350 financial advisers and more than 70,000 clients across the UK, will continue to operate as an AR of Intrinsic. It said the move would not "materially" impact the day-to-day working relationship between Charles Derby and Intrinsic but intended to offer the "stability and security of a closer collaboration" with the network. Charles Derby chief executive Chris Fautley (pictured) said: "In Intrinsic, we have secured the continued backing of a business with the necessary scale to s...