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.

James Brearley man steps down after 30 years

James Brearley man steps down after 30 years

Veteran Mike Barnett has resigned from his director role at James Brearley & Sons.

Barnett has been linked to James Brearley for over three decades. He was a partner through the 1980s and 1990s and became a director on incorporation in 1999.

He stepped back from taking an active role in the business in 2001 and was appointed a non-executive at the time.

'Mike had been with us for a substantial period of time - he was there during the partnership days, and whilst the partnership incorporated. Mike had a lot of knowledge and experience to bring to bear, and has done since 2011 in the oversight of the business,' director Nigel Corrie told Wealth Manager.

Corrie added the firm had no plans to replace Barnett.

Recently, the firm joined up with Metro Bank to offer a lending facility secured against clients’ assets, after posting positive results for the second year running. The wealth manager posted a profit of just under £151,000 after tax over the 12 months to the end of April.

The results follow a restructure in 2011 when the firm slashed nearly £1 million in costs by closing two regional offices. Since the restructure, the wealth manager has increased its assets to more than £900 million from £750 million in 2011.

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 Taxicab Tenner: AXA IM's Nicolas Trindade

Taxicab Tenner: AXA IM's Nicolas Trindade

After a summer break, it is the turn of AXA Investment Manager's Nicolas Trindade to give a £10 view of how fixed income is faring.

Play Wealth Manager Olympics: the Relay

Wealth Manager Olympics: the Relay

In the final round of the Wealth Manager Olympics, our intrepid athletes team up for the relay.

Play Wealth Manager Olympics: the Shot Put

Wealth Manager Olympics: the Shot Put

After busting a gut in the 100m sprint, our wealth manager Olympians displayed their brute strength in the shot-put.

Read More
Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter