Charles Stanley has merged its Oxford and Reading offices to create what it has dubbed a ‘super’ branch, managing £617 million in assets.
The merged office is based in Botley, just outside of Oxford, housing nine investment managers and an intermediary sales manager, along with support staff. The branch opened its doors on 1 December.
Branch manager Simon Scott-White said: ‘Both our Reading and Oxford offices were restricted by their locations.
‘Parking was inadequate, meeting room space was restricted and neither office was ideally structured for the infrastructure implementation that our business needs today. ‘
He added that the merger will create a regional hub that is expected to be better suited to service clients. He also pointed out that the new office building is closer to local professional services firms, such as accountants and lawyers.
Gary Teper, head of private client investment management, added: ‘For more than 200 years we’ve been helping clients manage their wealth and reach their financial goals. To do so we have to evolve and enhance the services we offer our clients and how they can access them; technology plays an important role in this but at its core, personal relationships and interaction remains a vital part of our service.
‘We are committed to our network of offices across England, Wales and Scotland, and see being part of local communities as being important for our ongoing success.
‘That said, we also see the huge benefits of having offices which have critical mass and scale to ensure the highest levels of customer service. Bringing together the two high quality teams from Oxford and Reading is a logical step that will enhance both teams and support even better customer care. We have ambitions to further grow and enhance our presence in the region.’
This is not the first time a Charles Stanley regional office has been merged with its Oxford branch. Back in 2016 the company decided to close its Newbury office, moving the staff that remained over to Oxford.