Redmayne Bentley acquires Blankstone Sington client assets

The Liverpool DFM entered special administration last year

Jenna Brown
clock • 1 min read

Wealth management and stockbroking business Redmayne Bentley is to acquire the private client business of failed discretionary fund manager (DFM) Blankstone Sington subject to regulatory approval.

The Liverpool-based DFM went into special administration in October last year. The Financial Services Compensation Scheme declared the business failed in February. Administrators Leonard Curtis secured all client assets and safeguarded the company's systems. Redmayne Bentley said administrators believe the most favourable solution for Blankstone Sington clients "is for a transfer of their money and assets to a single broker which is also regulated by the FCA". It addecd that the transfer would enable clients to be "reunited with their assets and provides them with a secure home for...

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 Managed solutions

Reliance on others: The key to reducing risk and improving compliance

Reliance on others: The key to reducing risk and improving compliance

Key differences between reliance on others and agent as client

Nick Walker
clock 01 August 2024 • 3 min read
The top recommended MPS investments so far this year

The top recommended MPS investments so far this year

Defaqto data shows change in the top ten

Jen Frost
clock 23 July 2024 • 2 min read
Consumer Duty has not pushed advisers away from model portfolios

Consumer Duty has not pushed advisers away from model portfolios

‘I was using MPS before Consumer Duty was introduced’

Isabel Baxter
clock 17 July 2024 • 1 min read