In 2004, the investment bank withdrew from the gold market, a commodity the Rothschild bankers had traded in for two centuries. In 2006, it ranked second in UK M&A with deals totalling $104.9 billion. In 2006, the bank recorded a pre-tax annual profit of £83.2 million with assets of £5.5 billion. In 1953, one Swiss member of the family, Edmond Adolphe de Rothschild (1926–1997), founded the LCF Rothschild Group (now Edmond de Rothschild Group) which is based in Geneva, which today extends to 15 countries across the world. Although this Group is primarily a financial entity, specializing in asset management and private banking, its activities also cover mixed farming, luxury hotels and yacht racing. Edmond de Rothschild Group's committee is currently being chaired by Benjamin de Rothschild, Baron Edmond's son. In late 2010, Baron Benjamin Rothschild said that the family had been unaffected by the financial crisis of 2007–2010, due to their conservative business practices: "We came through it well, because our investment managers did not want to put money into crazy things." He added that the Rothschilds were still a small-scale, traditional family business and took greater care over their clients' investments than American companies, adding: "The client knows we will not speculate with his money". Edmond de Rothschild group includes these companies. In 1980, Jacob Rothschild, 4th Baron Rothschild resigned from N M Rothschild & Sons and took independent control of Rothschild Investment Trust (now RIT Capital Partners, a British investment trust), which has reported assets of $3.4 billion in 2008. It is listed on London Stock Exchange. Lord Rothschild is also one of the major investors behind BullionVault, a gold trading platform. RIT Capital stores a significant proportion of its assets in the form of physical gold. Other assets include oil and energy-related investments. In 1991, Jacob Rothschild, 4th Baron Rothschild founded J. Rothschild Assurance Group (now St. James's Place Wealth Management) with Sir Mark Weinberg. It is also listed on London Stock Exchange. In 2001, the Rothschild mansion located at 18 Kensington Palace Gardens, London, was on sale for £85 million, at that time (2001) the most expensive residential property ever to go on sale in the world. It was built in marble, at 9,000 sq ft, with underground parking for 20 cars. In December 2009, Jacob Rothschild, 4th Baron Rothschild invested $200 million of his own money in a North Sea oil company.