Raymond James set to buy Charles Stanley for £278.9m

The terms of the acquisition represent a premium to the closing price of Charles Stanley shares as at 28 July of 43.5%. Raymond James said it had "long admired Charles Stanley's reputation, heritage and its talented pool of investment managers, financial planners (collectively referred to as wealth managers) and professionals". "The two firms share a common client-centric approach and both offer employed and self-employed affiliation models, while Raymond James also provides platform services, enabling the flexibility that wealth managers value. Charles Stanley meets Raymond James' hi...