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 [...]
Artorius lures three wealth managers away from troubled UBS in major City coup August 2, 2022 City A.M. understands that Square Mile firm Artorius Wealth has bolstered its client team with the appointment of three senior UBS wealth managers, James Goddard, Helena Pratt and Max Di Lieto. James Goddard spent nearly two decades in wealth management across Citi, Barclays and UBS, and focused the last five years on partnering with business owners [...]
AssetCo boss says ‘still much to do’ as firm posts first half loss June 15, 2022 The boss of AssetCo said today there was “still much to do” as the newly expanded asset manager posted pre-tax losses of £2.6m for the first half of the year.
36,000 new millionaires created off back of property boom despite cost of living pinch June 14, 2022 While many Brits continue to struggle with the cost of living crisis, there were 36,000 new millionaires in the UK over the last 12 months. A boom in property helped the High Net Worth Individual (HNWI) population of the UK grow by 6.3 per cent in 2021, as wealth increased by almost 7.5 per cent [...]
Exclusive: Moneyfarm’s rising star CEO on disrupting finance and the M&G deal that got the City talking June 14, 2022 Moneyfarm is a pan-European digital wealth manager with around 80,000 active investors and more than £2.2bn invested on its platform. Until recently it has been better known in Italy than the UK, but this is likely to change very soon, a confident Giovanni Daprà – co-founder and CEO of Moneyfarm – tells City A.M. today. [...]