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

Transfer of clients to begin in September

Victoria McKeever
clock • 1 min read

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 begin in September. Chief executive Richard Stone said: "We are especially pleased to welcome, in a few weeks' time, customers of Beaufort Securities, who have endured a very difficult period since the collapse of the business. "It is pleasing to have been selected to provide these customers with a secure home and service for their investments and we look forward to building our relation...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Technology cited as main barrier to private market access for advisers

Technology cited as main barrier to private market access for advisers

Follows Oliver Wyman’s and Clearstream’s private markets whitepaper

Sophia Panayi
clock 04 August 2026 • 3 min read
Ascot Lloyd links up with BlackRock for investment offering

Ascot Lloyd links up with BlackRock for investment offering

A move to a single investment provider

Isabel Baxter
clock 04 August 2026 • 2 min read
Beyond London: Adviser opportunities in regional investment

Beyond London: Adviser opportunities in regional investment

Hugi Clarke unpacks the regional growth agenda

Isabel Baxter
clock 31 July 2026 • 1 min read