View the article online at http://citywire.co.uk/wealth-manager/article/a744182
Why we quit Brewin for Charles Stanley: Leicester Six reveal warts and all
by James Phillipps on Apr 03, 2014 at 14:52
They said that at one meeting with head of investment management Stephen Ford and regional director Robin Beer at their Leicester office, it was ‘indicated that ‘they felt the pain’ of the Leicester divisional directors.
However, Sawyer, Cufflin and Hopewell all had subsequent meetings with different board members, but said none of their grievances were addressed.
‘The hunt for a new home’
Cufflin admits he was in on/off talks with Charles Stanley from 2010 which became more serious in 2012/2013. In early 2012 Cufflin also had ‘advanced discussions’ with both Smith & Williamson and Barclays Wealth.
Coulson and Hailes were approached by headhunters for Quilters in late 2011 with Coulson actually meeting the company’s head office.
Meanwhile Sawyer said he turned down an ‘alternative role’ around October 2012 because he ‘wrongly believed’ he was to be promoted.
By March 2013 all six were in advanced discussions with Charles Stanley and in the end were placed on gardening leave on 26th of the month after accepting new roles. They said only Sawyer received a counter-offer from Brewin, which he rejected.
Ford said: ‘We will always act to protect our business where our clients’ interests have been threatened and where we have been advised that contractual obligations have been broken. We are not able to make any further comment while the matter is subject to court proceedings.’
If you have a comment on this story please email email@example.com
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.
More about this:
Look up the shares
More from us
- Brewin sues Charles Stanley in High Court poaching row
- Charles Stanley poaches Brewin Dolphin Leicester team
On the road
on Jul 29, 2014 at 13:10