Edgbaston-based Jobson James has been acquired by wealth management group Charles Stanley for £2.25m.
Formed in 1993, Jobson James Financial Services is one of the city’s key wealth managers with clients including a string of the region’s wealthiest.
The agreement to buy the firm headed up by Richard Venner is on the condition of a number of financial targets being met.
In a statement to the London Stock Exchange, Charles Stanley said: “The acquisition will contribute to (our) strategic positioning of building a stronger presence in the Midlands.”
Mr Venner and his deputy Miles Goodworth will remain on the board of JJFS together with representatives from Charles Stanley.
