As you may be aware Jarvis Securities plc the parent company of Jarvis Investment Management has decided to change its strategic direction.Jarvis has decided to sell its ‘execution only’ client list to Interactive Investor for up to £11m. This relates to clients under the www.x-o.co.uk and www.sharedealactive.co.uk accounts, who will be transferred over summer 2025.
However other client accounts, including those managed by Collins Sarri Statham, held under Jarvis “Model B” are being retained at Jarvis (they are not part of the sale to Interactive). These accounts will be managed via an organized wind down over the next 5 months.
Over the next 18 months, Jarvis is aiming to transition into a ‘cash shell’ structure that means it will eventually comprise only its AIM stock market listing, a very small management team and a cash balance. At that point it will no longer have an operating business. It will no longer have the staff to handle trading, resolve account issues and transfer funds etc.
Collins Sarri Statham wants to ensure its managed clients enjoy smooth account running, stability, ease of operation and account transparency.
The events at Jarvis do require action to be taken by both Collins Sarri Statham and its clients to ensure continued delivery of its advisory service.
This will be achieved via account transfers from Jarvis to either Saxo Bank or James Brearley at the client option. Collins Sarri Statham will advise clients on the merits of either Saxo Bank or James Brearley but will leave the final choice in the clients’ hands.
In either case clients will be provided with a new login and password details.
A: No, new accounts cannot be opened at Jarvis from now on
A: Yes, Jarvis is still accepting new cash and stock transfers in.
A: Yes, your investments and deposits are still regulated by the Financial Conduct Authority (FCA) and protected by the Financial Services Compensation Scheme.
A: We have been given a timeframe to arrange account transfers which concludes on 15th October 2025
A: There will be no charges to transfer the holdings to the new provider provided that this is completed before the 15th October 2025.
A: We are expecting modest savings resulting from changes in the applicable VAT levels. Please speak with your allocated CSS broker for more information.
A: Please feel free to contact your stockbroker as per usual who will help assist the account move
A: Saxo Bank is a regulated Danish online bank providing an impressive trading platform allowing its 1.3m client accounts to invest in a very diverse asset mix including shares, bonds, cash, commodities, FX, derivatives and digital assets.
The Saxo platform is best suited to clients wanting to hold a diversified international portfolio.
Saxo Bank reported net profit of DKK 1bn (£114m) in 2024 on total client assets worth DKK 853 bn (£97.3bn). Saxo Bank credit rating was upgraded to ‘A’ with a stable outlook by Standard & Poor in April 2024.
The Saxo Bank platform offers trading accounts, ISAs, SIPPs and corporate accounts with real time pricing data, good overall supporting software, administrative tools and trading support helplines.
Saxo Bank is majority owned by Geely Financials Denmark, a subsidiary of Zhejiang Geely Holding Group the owner of Volvo, Lotus and smart companies. Geely Financials has a 49.88% stake in Saxo Bank. Saxo founder Kim Fournais holds 28.41% whilst Mandatum, a Danish investment company holds 19.83%.
On 10th March 2025, J. Safra Sarasin Group, a large Swiss private bank, has agreed to acquire a majority 70% stake in Saxo Bank for €1.1bn, comprising the Geely Financials Denmark and Mandatum interest, with Kim Fournais reducing his shareholding to 28%. The acquisition is expected to be completed in 2025, subject to regulatory approvals. J Safra Sarasin Group has approximately US$247bn under management.
J Safra Sarasin plans to integrate Saxo Bank’s IT platform adding to its fintech capabilities and enhancing client service reach and adoption.
A: James Brearley & Sons is a UK FCA regulated company based in Blackpool, Lancs and operate a network of four smaller branches across the North of England since its incorporation in 1999. The companies’ origins date back as far as 1919. The company currently has a total staff count of 71.
James Brearley & Sons offers both investment management and execution only dealing services to retail clients across the United Kingdom. James Brearley & Sons has approximately 22,000 clients holding £3.6bn in funds under management. Almost 85% of James Brearley clients were introduced and recommended by other FCA regulated companies.
In terms of functionality, online platform capabilities and site navigation look and feel, James Brearley’s website is comprehensive in nature providing clients with the ability to view their investment portfolio in live time (prices are 15 minutes delayed).
James Brearley & Sons is a privately owned UK company with shareholders comprising the family trust, former and current directors, managers and employees. It has a strong track record in terms of cash generation and financial performance. In the 2024 financial year the business reported net profit of £3.22m on revenues of £8.34m. James Brearley has a strong balance sheet with regulatory capital levels approximately 3.5x regulatory capital requirements.
A: You will be contacted by your stockbroker at Collins Sarri Statham Investments.
We will assist you in the transfer process. You can click on the hyper link below to access the account application page or alternatively please contact your allocated stockbroker at Collins Sarri Statham Investments.
Advisory account – Collins Statham Investments
You will require fresh proof of address in the form of a recent utility bill / bank statement.