Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Charles Stanley’s Rust launches office for Raymond James

Charles Stanley’s Rust launches office for Raymond James

Raymond James has opened its fourth new branch in London in the last three months, headed by former Charles Stanley investment manager Edward (Ted) Rust.

The new office, based on Royal Exchange Avenue, follows the launch of Raymond James’s third London office in July.

Rust (pictured) will offer bespoke investment and wealth management services to private clients.

‘The biggest investment firms are moving to an institutional-like model. These changes often occur internally and not with the client’s knowledge and understanding,’ Rust explained.

He took the decision to move to Raymond James to focus on client relationships. Rust spent five years at Charles Stanley as a senior investment manager and worked at Brewin Dolphin for 20 years prior to that.

The branch will be commercially independent from Raymond James, but will operate under its name and regulatory umbrella. Rust will expand the team in line with client demand.

‘Providing a personalised service to clients is the cornerstone of how I work, and the infrastructure and support Raymond James can provide will allow me to spend more of my time focusing on my clients’ needs,’ he explained.

‘Maintaining commercial independence is also a very attractive proposition, as it gives me the space I need to manage the business.’

Head of propositions Anthony Scott, who joined Raymond James from Charles Stanley in June, added: ‘I have known Ted for several years, and his client-centric approach to investment management will be well complemented by Raymond James.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play French fund CEOs: 'Brexit is a lose-lose situation for all of us'

French fund CEOs: 'Brexit is a lose-lose situation for all of us'

'We'll all lose out - but London is an international city, Paris is not.' Leading French asset management CEOs tell us what they think Brexit will mean for the investment business.

Play Henderson Eurotrust's Stevenson: dealing with European cynicism

Henderson Eurotrust's Stevenson: dealing with European cynicism

Tim Stevenson talks about where he finds his opportunities in the current environment in Europe

Play Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Read More
Wealth Manager on Twitter