Lancs firm appointed brokers to Reyker Securities clients

Lancashire-based James Brearley has been appointed as a nominated broker to adopt former clients of Reyker Securities.
The James Brearley senior teamThe James Brearley senior team
The James Brearley senior team

Reyker went into Special Administration last year.

The appointment of James Brearley by the administrators received approval by the Financial Conduct Authority and will result in several thousands of clients moving across.

James Brearley celebrated its 100th anniversary in 2019. The company’s head office is in Blackpool, with regional offices in Kendal, Formby and Preston.

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This development will lead to the company having custody responsibilities for more than £2.5bn of clients’ assets.

James Brearley has been working closely with the Administrators to ensure that as soon as clients’ assets are transferred across to their custodianship, clients will be able to place transaction instructions and have full access to their investments.

Chairman, Nigel Corrie said: “I am delighted to welcome all those former clients of Reyker to our business.

"As a company we have always prided ourselves on an unwavering responsibility to provide very high standards of service.

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“With a history dating back to 1919, I am confident that our new clients will find whichever service they utilise a rewarding experience.

"I am also confident that our new clients will be impressed by the depth of talent, experience and integrity they will have at their disposal.”

James Brearley’s, CEO, David Hannis added “We believe we are an extremely good fit for the ex-Reyker Securities business.

"We provide very similar services, be it in the management of clients’ investments on a discretionary basis, acting for intermediary and institutional clients in safeguarding their underlying clients’ investments or in the administration and custody of structured products and structured deposits.”

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