Brooks Macdonald: Wealth manager puts ‘behind plan’ international arm under review March 7, 2024 Wealth manager Brooks Macdonald said the decision was being made "in the interests of achieving the best return for shareholders".
The super-rich are getting richer, again – and millennials are leading the way February 29, 2024 The number of wealthy Brits rose in 2023, more than reversing the decline reported post-pandemic in 2022. Ultra-high-net-worth individuals (UHNWIs) – classed as those with over $3m in net wealth – increased in the UK from 601,300 to 626,619 on global economic growth and easing interest rates, according to the Wealth Report by Knight Frank. “The improving interest rate [...]
Proposed pension and investment reforms drive revenue and profits at wealth manager Mattioli Woods February 6, 2024 Mattioli Woods saw its revenue and profits increase during the first half of its financial year.
Broker WH Ireland reports loss but notes ‘tentative’ signs of improvement in London’s IPO market December 27, 2023 Phillip Wale, WH Ireland's chief blamed the "well documented challenging market backdrop" for the company's performance.
St James’s Place’s troubles present an ‘opportunity’, says rival chief December 1, 2023 The troubles facing St James’s Place have presented an “opportunity” for rivals this year as investors scope out alternative firms in the market, a rival chief has said.
Wealthtech Prosper chief vows to improve on diversity November 20, 2023 Despite wanting to "shake up" wealth management, Prosper came under fire as people questioned the firm’s commitment to diversity.
Which region has suffered the most from UK’s £2.2 trillion fall in wealth? October 30, 2023 The rise in interest rates has pushed total household wealth down across the UK, but the impact has been distributed unevenly around the country.
Evelyn Partners acquires boutique money manager Dart Capital as speculation grows over flotation June 12, 2023 Wealth management and accountancy firm Evelyn Partners has acquired boutique City firm Dart Capital for an undisclosed sum. The acquisition is the latest in a series of deals that has seen Evelyn Partners grow to have over £54.4bn in assets under management, making it the UK’s second largest wealth manager. Dart Capital, which was incorporated [...]
Dan Azeez interview: Britain’s next boxing superstar on swapping financial services for the fight game March 7, 2023 Dan Azeez was planning for a career in the City when an encounter with Anthony Joshua in 2011 changed his life. The south Londoner’s parents, first generation Nigerian immigrants, impressed upon him the importance of education and a profession, so Azeez took a degree in accounting and finance at Essex University and set his sights [...]
Wealthy Brits see inflation as biggest threat in 2023 with worst sleep for older millionaires December 29, 2022 High-net-worth-individuals see inflation as the most significant risk to their personal finances in 2023. While younger respondents remain fairly confident in the future of the UK economy and their own wealth, older HNWIs express significant concerns. Just a third (34%) of 55-64s and less than a quarter (23%) of over 65s say they feel confident [...]