Latest News
12 September 2011
JM Finn & Co expands discretionary investment management offering with five senior hires
JM Finn & Co, one of the UK’s leading investment managers is delighted to announce the addition of five new senior hires: Peter Hancock, Andrew Banks, Michael Burton, Brendan Company and Mark Jeffreys.
Messrs Hancock, Banks, Burton, Company and Jeffreys will expand JM Finn & Co’s private client service, bringing to the firm extensive experience of the wealth and investment management industry. They will all join from Williams de Broë.
Messrs Hancock, Banks and Burton will join as Senior Investment Managers and Messrs Company and Jeffreys will join as Investment Managers.
JM Finn & Co offers discretionary and advisory investment management services to private clients and their advisers. This is enhanced with a full administration service, including electronic reporting and tax return information.
“We are delighted to be recruiting Peter, Andrew, Michael, Brendan and Mark and very much look forward to working with them and their clients.” said James Edgedale, Chairman at JM Finn & Co.
28 June 2011
Ackermans & Van Haaren/Delen make 70% investment in JM Finn & Co
Belgian investment group to support continued growth of discretionary manager in the UK wealth management market
Ackermans & van Haaren (AvH), the diversified Belgian investment group, has agreed today to acquire a major stake in JM Finn & Co. Ltd, the prominent London based wealth manager, through its wealth management affiliate Delen Investments. The transaction is expected to close in the course of the third quarter subject only to regulatory approvals.
Subject to the results of the tender offer, AvH/Delen is expected to purchase approximately 70% of JM Finn & Co, with the current management team and staff retaining the remainder and thereby staying fully engaged and committed to the further success of the business.
Luc Bertrand, CEO of Ackermans & van Haaren, said:
”Over the years, Delen has built a position as one of the top two independent wealth managers in Belgium, and has for some time been seeking to acquire a presence in another European market beyond Luxembourg and Switzerland, where they have long established subsidiaries. We have concluded that the UK onshore wealth management market is particularly attractive due to the established equity culture and the increasing penetration of discretionary management, which leads to high quality of revenues and earnings.”
Jacques Delen, CEO of Delen Investments said:
“In JM Finn & Co, we have found a management team and investment managers who fully share our private client-centric philosophy, and a business of the highest quality.
We are looking forward to supporting JM Finn in becoming an even more prominent player in UK wealth management. We are proud that the new Delen/JM Finn combination will manage more than €22bn of private client assets.”
James Edgedale, Chairman of JM Finn & Co said:
“Our firm has now reached a size, with over £6.3 billion of client funds, where a powerful partner will further accelerate growth. In AvH and Delen, we have found a partner with fully compatible philosophy and culture and that understands and respects our way of doing business. Like our investment managers, they know that focus on clients’ long term interests is the key to client retention and referrals of new clients.
AvH and Delen bring capabilities and experience that will be valuable as with their support, we build an even more prominent position in the UK market. They have an outstanding long term track record in shareholder value creation, the drivers of which are investing in growth and backing of management teams.
For our clients, there will be no change, but the support of a prominent European group will clearly be positive. For our people, the raised growth will lead to more opportunities as we raise our profile and attract more new clients.”
About Ackermans & van Haaren:
Ackermans & van Haaren is a diversified group active in 5 key sectors: contracting, dredging and concessions, real estate and related services, private banking, private equity and a recent development in energy and materials. The AvH group represented in 2010 had revenues of €2.8 billion. The group concentrates on a limited number of strategic investments with significant potential for growth. AvH is listed in Belgium and a constituent of the BEL 20 index (with a market capitalisation of approximately €2.4 billion), the Private Equity NXT index of Euronext Brussels and the European DJ Stoxx 600.
About Delen Investments:
Delen Investments specialises in asset management and asset management advice for a wide range of mainly private clients. The assets under management continue to grow and have reached a historical high of €15.3 billion (31st December 2010).
About JM Finn & Co:
JM Finn & Co is a private client wealth management business with £6.3 billion funds under management or administration as of April 30, 2011. For the year 2009/2010 (ended April 2010), JM Finn & Co generated a profit after taxation of £4.8 million on revenues of £ 37.1 million. Net equity amounted to £12.8 million as of April 2010. Established as a partnership in 1945, JM Finn & Co incorporated in 2006. The business is at present privately owned and employs 279 people. Head office is in the City of London, with offices in Leeds, Bristol, Ipswich, Bury St Edmonds and Cardiff.
JM Finn & Co is a member of the London Stock Exchange. JM Finn & Co is authorised and regulated by the Financial Services Authority. JM Finn & Co was advised on this transaction by Bjorn Ramell of Ketton Securities Limited.
Media contact details:
Hill & Knowlton
Suvra Datta
Account Director
Direct Line: 020 7413 3710
suvra.datta@hillandknowlton.com
8 May 2011
JM Finn & Co sponsors Finn UK National Championship
The JM Finn, Finn UK National Championships at Christchurch Sailing Club was sailed over the long weekend of 6-8 May 2011. Thirty-two Finns made the journey south to join the ten strong local fleet for seven races in a wide range of conditions on Christchurch Bay. Ben Ainslie, who is the British hope for a gold medal next year, was in attendance and herewith are some photos of the event provided with the kind permission of the British Finn Association click here.
The British Finn Nationals is now in its 55th year, having been started back in 1956 after Vernon Stratton persuaded the Sunday Times to donate an unused pigeon-racing trophy to the Finn class for its National championship. The Sunday Times Gold Cup, as well as the numerous other trophies on offer at the championship, contain the names of many sailing heroes down the generations. This year, there was added incentive to do well, as it was the second event in the JM Finn Gold Cup Qualifier Series to select the British team for the 2012 Finn Gold Cup, which is being held in Falmouth, UK.
Andy Denison, Chairman of the British Finn Association said "JM Finn & Co has been a great supporter of the British Finn Association since 2007, as the title holder sponsor of the British Open Championships, and we are very pleased that it has been extended through 2011. In 2012 there is the Olympics in Weymouth and in May the UK is also hosting the Finn World Masters in Pwllheli, which attracts upwards of 250 boats each year. All in all, the next two years will be the best Finn Sailing the UK has experienced for a long time.”
4 May 2011
JM Finn & Co builds on its presence in Yorkshire
JM Finn & Co announces the appointment of Lucy Clapham as an Investment Manager at its Leeds office. JM Finn & Co opened its Leeds office in 2003 and since then has established itself as one of the leading investment managers in Yorkshire. Lucy will assist in providing investment management services to the office’s expanding client base. Lucy has spent the majority of her career in Yorkshire, and the past ten years with stockbroker Redmayne-Bentley. There she managed client portfolios and played a key role establishing its Ilkley office. Prior to joining Redmayne-Bentley, she worked at Hambros Bank in Leeds.
David Barstow, Head of the Leeds office said of the appointment: “We are delighted to have Lucy join the team. She brings with her a strong track record for investment management and new business development. With her client-centric approach we are confident she will make a significant contribution to our expanding business.”
3 May 2011
JM Finn & Co makes a senior hire for its Bury St Edmunds office
JM Finn & Co builds on its presence across East Anglia with the addition of John Everall as a Senior Investment Manager to its Bury office.
JM Finn & Co now has four Senior Investment Managers based in Bury Office and John will assist in providing our services to the office’s expanding client base. The business has six offices in total, including an office in Ipswich and headquarters in London. The firm has discretion or advises on £5.6bn of client money.
John has worked for the last fourteen years in East Anglia. Prior to this he worked in New York for investment bank Salomon Brothers, before moving to Birmingham where he was employed by Ernst and Young accountants and Albert E Sharpe. John is both a chartered accountant and a chartered fellow of the Chartered Institute for Securities & Investment, is married with two children and lives in Norfolk.
Brett Bayliss, Head of the Bury Office said of the appointment: “We are delighted to have John join the Bury office. With over twenty five years experience working in the industry, he will bring a depth of knowledge to our highly experienced investment team which serves our client base, strengthening our discretionary management services offering.”
21 April 2011
JM Finn & Co continues Finn Class sponsorship
JM Finn & Co is delighted to announce its continuing sponsorship of the sport of sailing, in partnership with the British Finn Association, the body responsible for administering the Finn sailing dinghy in the UK. The partnership between JM Finn & Co and the British Finn Association first started in 2007.
The JM Finn, Finn UK National Championships 2011 will be held at Christchurch Sailing club on the UK's south coast over the long weekend of 6-8 May. Eight races will be sailed over three days to decide the 2011 UK Finn National Champion. Link
The National Championship is the second event in the year long JM Finn Gold Cup Qualifier Series to select the British team for the 2012 Finn Gold Cup, which is being held in Falmouth, UK. The Finn Gold Cup was first sailed for in Burnham-on-Crouch, UK in 1956 and was instantly recognised at the world championship of the class. It is one of dinghy sailing's oldest perpetual trophies, and was last held in the UK in 2000.
The first event in the series, the UK Inland Championships was held at Roadford Lake on 16/17 April with 31 boats competing for the title. After the National Championship, the qualification series takes in six more events up to early Spring 2012, before the world championship is held in May 2012.
JM Finn & Co has been a great supporter of the British Finn Association since 2007, as the title holder sponsor of the UK Championships, and we are very pleased that this has been extended through 2011. We are all looking forward to three day's great racing on Christchurch Bay, and are hoping to attract a sizable international contingent. More than 50 entries are expected, with entries already in from Australia and France, as well as the strong UK fleet.
The Finn class is the Olympic single-handed dinghy for heavyweight men and has been on the Olympic programme since 1952, making it the oldest and most established of all Olympic dinghy classes. It is a 4.5 metre boat with a single mast and sail, and raced in upwards of 50 countries worldwide. Great Britain's Ben Ainslie is the current Olympic champion and hopes to defend his title at the Olympic regatta at Weymouth in 2012.
11 April 2011
JM Finn & Co appoints Alec Stewart as its Ambassador
JM Finn & Co, one of the UK's leading privately owned investment managers, has signed former England test cricketer Alec Stewart as its Ambassador.
Alec Stewart, the former Surrey and England wicketkeeper will be involved across a range of JM Finn & Co marketing activities including stakeholder & staff relations; media & PR and within JM Finn's existing sponsorship portfolio. He will play a key role championing the firm's key values of a strong team culture, independence of thought and building long term relationships.
Commenting on the signing Paul Farrant, Director at JM Finn & Co, said: "Throughout his career Alec was recognised as being the ultimate professional. As a captain and player he was somebody who understood the importance of a strong team ethos, led from the front and consistently delivered exceptional results. It's these same qualities that as a business we pride ourselves on and why we're so delighted to have Alec on board."
Stewart who made his national debut in 1989 is England's most capped test cricketer featuring in 133 test matches and 170 One Day Internationals scoring over 13,000 runs for his country. He was made captain in 1998 and led the side to its first major series win for 12 years against South Africa.
Commenting on his appointment Alec Stewart said: "Working with JM Finn is something I'm looking forward to. Throughout my career I've always believed in the importance of building strong relationships. The unique, personalized approach that JM Finn has towards managing its relationships with clients and their investments is an approach to business I can relate to."
29 March 2011
We would like to inform our clients that ISA forms are available from the Client area of JM Finn & Co website. Anyone who wants to make a contribution and has not done so for the current tax year 2010/11, please do not forget that contributions need to be made by Tuesday 5 April 2011.
14 February 2011
JM Finn & Co is delighted to announce the opening in Cardiff of a new office which will focus primarily on promoting JM Finn's investment services to financial intermediaries.