Ravenscroft acquires BullionRock

Thursday 16 November 2017

Stockbroking and investment management company Ravenscroft has acquired BullionRock, a precious metals business, for an undisclosed sum.

The deal will see BullionRock founder Robin Newbould return to the company he helped establish more than a decade ago.

Mr Newbould said: "BullionRock has seen incredible growth and now has more than 500 clients who hold a substantial value of precious metals. We have no immediate plans for change and so it will be very much business as usual at BullionRock. We do, however, see real potential for our clients who will gain access to a full range of stockbroking and investment management services as a result of our business becoming part of the Ravenscroft Group."

"Our business has built its reputation on offering a safe asset in a safe haven. It is a very personal business which treats clients as individuals and is committed to transparency. We share those characteristics with Ravenscroft along with our excellent reputation in exceeding client expectations."

Ravenscroft group Managing Director Mark Bousfield said the addition of BullionRock to the group’s offering made sense in the current economy. "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.

"We want to ensure that as a group we can offer our clients the investment opportunities they are asking for and so the acquisition of BullionRock will further diversify our offering."