Rathbones takes stake in financial advisor
Investment firm Rathbone Brothers has acquired just under one-fifth of both Vision Independent Financial Planning and its sister company, Castle Investment Solutions.
Investment firm Rathbone Brothers has acquired just under one-fifth of both Vision Independent Financial Planning and its sister company, Castle Investment Solutions.
Rathbone Brothers has paid £2m in cash for a 19.9% stake in the pair. The stakes have been purchased from the founders of Vision and Castle, namely Roger Edwards and Paul Sweaton, and their spouses.
Rathbone Brothers has the option to take total ownership of the two businesses in 2015 for a mixture of cash and Rathbone shares, with a further potential deferred element payable at the start of 2018. If Rathbone chooses not to exercise this option, the founders of the acquired businesses have the right to buy back the stakes they sold to Rathbones for £2m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Vision is an independent specialist financial advice network focusing on high net worth private clients. Rathbone Investment Management already has an existing discretionary fund management panel relationship with Vision.
As for Castle, it operates as a sister company to Vision, providing it with certain administrative services.
JH
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Tesla earnings: live preview and analysis
Can the electric car-maker overcome a big deliveries miss ahead of earnings?
By Dan McEvoy
-
Can I shield my ISAs from inheritance tax?
Many investors and savers will be wondering if there’s anything they can do to protect their ISAs from inheritance tax, especially as pensions will become liable for the levy from April 2027. We reveal the options available to ISA customers
By Ruth Emery