Ravenscroft, the Guernsey-based stockbroking and investment management firm backed by Stephen Lansdown, has bought precious metals business BullionRock for an undisclosed sum.
Mark Bousfield, Ravenscoft Group managing director, said the addition of BullionRock made sense in the current environment. "Investors are becoming increasingly knowledgeable and we have seen an increasing demand from them for parts of their portfolio to be invested in precious metals. "Given the continuing uncertainty in the global markets, investors are comforted by the fact that they are invested in something which, if they want to, they can physically touch,' he said. "We want to ensure that as a group we can offer our clients the investment opportunities they are asking for an...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
