The latest mergers, acquisitions and other corporate actions in the wealth management sector.

UK wealth management and stockbroking firm Redmayne Bentley has just confirmed that, subject to regulatory and court approval, it is acquiring the private client business of Blankstone Sington. 

Leonard Curtis was appointed as the special administrator for the Liverpool-based wealth manager and stockbroker Blankstone Sington in October, securing clients’ assets and safeguarding the company’s systems, the firm said in a statement.

Leonard Curtis deemed that the most favourable solution for Blankstone Sington clients would be to transfer their money and assets to a single broker – also regulated by the UK’s Financial Conduct Authority (FCA). Having undertaken a thorough process with a number of parties, Redmayne Bentley was selected as the preferred candidate, the firm added. The transfer will enable clients to be reunited with their assets.

This week, Leonard Curtis confirmed the details of the proposed distribution plan to Blankstone Sington clients and notified them of the planned transfer to Redmayne Bentley. The completion of the transfer is expected in late June and, as part of the process, Blankstone Sington clients will not be able to speak to Redmayne Bentley until this point, the firm continued.

Redmayne Bentley has previously onboarded large scale transfers of clients from other firms including Havelock Hunter, Fyshe Horton Finney, and SP Angel.