Asset Management
Charles Stanley Aquires Fund Manager

Charles Stanley, the UK-listed stockbroker and wealth management firm, has acquired London-based fund management boutique Matterley Asset Management for an undisclosed sum.
Although the move is already complete, Matterley will not be moving into Charles Stanley’s offices until September. Henry Dixon, Matterley's chief financial advisor, told WealthBriefing that the acquisition will operate along the lines of a joint venture, adding that Charles Stanley wants the company to retain its autonomy.
Co-founders of the firm Mr Dixon and George Godber will
continue working on Matterley's business while supporting
Charles Stanley’s four OEIC funds - the Regular High Income
fund, International Growth portfolio, Charles Stanley Equity fund
and the UK & International Growth fund.
“Our focus will be to continue to use our documented, proprietary
research process which has served us well in our first year and
we are delighted to be joining Charles Stanley to further develop
our business,” said Mr Dixon.
Also joining from Matterley are chairman Ian Dighé, Piers Harrison, partner and chief financial officer as well as fund analysts Henry Flockhart and Georgina Hamilton.
Charles Stanley has £60 million ($98.3 million) in assets under management, compared to Matterley’s £2 million.