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 Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: change is the only constant for Quilter Cheviot

Profile: change is the only constant for Quilter Cheviot

This is not the first time we have profiled David Miller, but at the time of his previous appearance his company looked very different.

Wealth Manager on Twitter