HSBC splashes $5m on new London wealth centre despite non-dom exodus July 12, 2025 HSBC has opened a new wealth centre in the heart of London to cater to high-earning customers in defiance of fears of an exodus of wealthy investors from the UK. Britain’s most valuable bank has leased two floors of a fifteen-storey tower in Piccadilly, formerly the home of British magazine The Economist, in a $5m [...]
St James’s Place CIO: I was told not to bother with a City career June 5, 2025 Justin Onuekwusi's teacher told him he wasn't suited to a professional career. Now, CIO of St James's Place, he takes us through his career.
Should you let a roboadviser manage your finances? May 26, 2025 Roboadvisers offer a low-cost, hands-off way to grow your investments. Here’s what to be aware of if you’re thinking of picking one. So you’re thinking about starting your investing journey, but how do you choose where to put your money? Of course, you can consult a financial adviser, but this can be quite costly, so if [...]
Wealth managers must get ready for the great wealth transfer May 19, 2025 | City Talk With the UK on the verge of a historic great wealth transfer, wealth managers must get ahead now, writes Rhodri Preece.
St James’s Place: Assets slump as firm gears up for fee changes April 24, 2025 St James’s Place lost £3.3bn from weakening markets in the first quarter of 2025, despite investors continuing to pile cash into the wealth manager. The UK’s largest wealth manager reported that its assets under management fell during the quarter for the first time in years, as turmoil in the stock market impacted investments, according to [...]
Quilter: Inflows jump at wealth management firm April 23, 2025 Investors poured £2.2bn into Quilter in the first quarter of 2025 despite significant market losses at the wealth management firm. Assets under management ticked up from £119.4bn at the start of the year to £119.6bn by the end of March, thanks to a boom in the firm’s mass market affluent business, it said in a [...]
Richard Farleigh: Why a wealth tax won’t work April 10, 2025 A wealth tax won't work, writes Richard Farleigh, a former dragon from Dragons' Den, author, investor and serial entrepreneur.
City broker downgrades St James’s Place despite robust inflows April 2, 2025 RBC has downgraded St James’s Place’s target stock price, while Quilter and Rathbones both received upgrades. RBC analyst Ben Bathurst downgraded his price target on Britain’s largest wealth manager from 1,100p to 1,050p today. St James’s Place’s stock price underperformed today on the news, falling more than two per cent compared to a decline of less [...]
W1M CEO: I didn’t want to be mocked like Abrdn in our rebrand March 31, 2025 The CEO of W1M, formerly Waverton Investment Management, has said he was conscious of other failed rebrands like Abrdn while selecting the firm’s new name. Waverton’s merger with London & Capital last year left CEO Guy McGlashan searching for a name that could unite both firms without excluding either. Eventually it landed on W1M, the [...]
St James’s Place swings to annual profit February 27, 2025 St James’s Place swung to a profit in its annual results as the firm’s turnaround efforts continued to yield results. Britain’s largest wealth manager recorded a £398.4m pre-tax profit, compared to the loss of £9.9m the year prior. Gross inflows for the year totalled £18.4bn, compared to £15.4bn in 2023. Total assets under management at [...]