Following the announcement on 8 August 2018 that The Share Centre had agreed to acquire an active book of accounts, the firm has revealed that the transfer is expected to begin in September of this year.
The active book of accounts will cover almost 20,000 customers and over £750m of assets under administration, predominantly Investment Trusts.
The Share Centre has said it’s a strong advocate of investment trusts and, since launching its preferred list of investment trusts in 2016, strives to support personal investors navigate the market. The acquisition positions The Share Centre as a leading provider of administration services to those investment trust managers aiming to ensure retail investors receive the best service when choosing to invest their products.
Commenting on the acquisition, The Share Centre chief executive Richard Stone said: “I am delighted to announce the strategic acquisition of a book of accounts announced back in March is from J.P. Morgan, one of the world’s leading global financial services firms. It is a privilege to have been chosen by the company as the best home for their investment trust customers and we look forward to helping these customers work towards their investment goals.”
J.P. Morgan Asset Management head of investment Simon Crinage added: “After careful consideration, we concluded The Share Centre would be best placed to offer a comprehensive, high quality client service, with an array of features and functionality which will provide an optimal outcome for JPMorgan investment trust clients.”
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