Close Brothers Asset Management

Follows sale to Oaktree

To trade as CBAM with name change expected 'in due course'

CGT rates were raised in last Wednesday’s Budget

Close Brothers Asset Management sold to Oaktree Capital Management

The new office will be based on St. Peter Street

The increase is in reaction to the financial and health shocks of Covid-19

The wealth manager’s purchase of Bottriell Adams is subject to approval

Lower income from advice and higher recruitment costs

Expansion of advice and investment offering across the Midlands

Leadership shake up