Redmayne-Bentley snaps up assets from embattled Fyshe

Redmayne-Bentley has snapped up £300m in client assets from embattled stockbroker Fyshe Horton Finney, which went into voluntary administration last week.

Redmayne-Bentley has a stronghold in the north and has a history of acquiring assets from struggling local players. In 2012 it acquired the client book of Leeds-based Park Square, and took on two of its managers. It also took on two investment managers from failed stockbrokers Pritchard, which went in to administration last year. Senior partner Keith Loudon said the move will boost Redmayne's client numbers by 10%, he is looking forward to providing a long-term home to the new clients. "This transaction allows us to offer continuity of stockbroking and investment management service...