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 Liontrust ESG head says sustainable investment doesn't mean low return

Liontrust ESG head says sustainable investment doesn't mean low return

Peter Michaelis talks about ethical investment growth and where he sees future opportunites.

Play Are platforms the biggest barrier to wealth manager ETF take-up?

Are platforms the biggest barrier to wealth manager ETF take-up?

Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.

Play SVM's Veitch on what's next for banks

SVM's Veitch on what's next for banks

SVM fund manager Neil Veitch is finding value in what he describes as unstable financials and talks through his favourite small caps.

Read More
Your Business: Cover Star Club

Profile: Affinity’s Julia Warrander on the importance of diversity

1 Comment Profile: Affinity’s Julia Warrander on the importance of diversity

'Sometimes there are 10, sometimes 20 people around a table and, more often than not, I’m the only woman,' says the Affinity Wealth co-chief investment officer

Wealth Manager on Twitter