Investors wishing to move from direct-to-consumer to adviser platforms face "punitive" exit fees, according to analysis by the lang cat.
Paul Abberley has become chief executive of Charles Stanley, replacing Sir David Howard.
Barclays is seeking to include a D2C discretionary investment service offering model portfolios to clients in its relaunched consumer platform proposition, Investment Week understands.
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Charles Stanley chief executive Sir David Howard is to step down following new EU rules demanding firms separate the roles of CEO and chairman.
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Investors in Charles Stanley saw the value of their shares plummet by more than 10% this morning after the firm issued a profit warning.
Charles Stanley has warned its next round of results will miss market expectations as the business continues to feel the squeeze on its commission income, while in a separate move it said it had sold Henry Dixon's Matterley fund to Miton Group.