The Share Centre operator buys Beaufort Securities' 15,000 clients

Transfer of clients to begin in September

Victoria McKeever
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The Share Centre operator buys Beaufort Securities’ 15,000 clients
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The Share Centre operator buys Beaufort Securities’ 15,000 clients

Independent retail stockbroker, Shares plc, which operates The Share Centre, has bought the 15,000-strong client book of failed discretionary fund manager Beaufort Securities.

Shares plc said it had reached an agreement with the special administrator of Beaufort Securities to acquire its customer accounts. It is expected the transfer of accounts to The Share Centre would...

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