One day after a downbeat trading update, UK-listed private client stockbroker and investment advisor Charles Stanley has bought Griffiths & Armour (Financial Services) and Griffiths & Armour (Trustees) from the commercial insurance broker Griffiths & Armour (Holdings) for an undisclosed performance-related consideration.

Griffiths & Armour (Financial Services) is a specialist provider of advice on employee benefits including HR and reward consulting, pensions, risk benefits and healthcare. It will also offer an online flexible benefits service as well as independent financial advice to high net worth individuals connected with its corporate clients.

Griffiths & Armour (Trustees) acts as a corporate trustee to a number of clients’ occupational pension schemes.