Mattioli Woods: Profit slashed at wealth manager as it quit London November 19, 2024 Profit at wealth manager Mattioli Woods was slashed by more than 90 per cent as it prepared to delist from the London Stock Exchange’s AIM, it has been revealed. The Leicester-headquartered was acquired by London-based private equity firm Pollen Street Capital after the deal was first announced in March. In its latest accounts, which have been filed [...]
St James’s Place: More changes in mandates to come, CIO says October 25, 2024 There will continue to be a significant shake-up in who manages some of the biggest funds at the UK's largest wealth manager, the chief investment officer of St James's Place has told City AM.
Moneybox: Fintech’s valuation surges after reporting profit October 23, 2024 Moneybox has secured a £550m valuation ahead of a secondary share sale, after the savings and investment platform moved into annual profitability.
Evelyn Partners: Wealth manager warns clients fretting over Budget tax changes October 23, 2024 Wealth management and accountancy business Evelyn Partners has warned that its clients have been fretting over the raft of speculation coming out about next week’s Budget. Rumours about the contents of the Budget have been flying out of Westminster, with concerns that the Chancellor Rachel Reeves may move to hike a variety of taxes and [...]
St James’s Place: Analysts back UK’s largest wealth manager October 18, 2024 By the end of the quarter, funds under management had swelled to £184.4bn, up from £181.9bn the quarter before and also ahead of consensus.
Arbuthnot: Historic bank leans on wealth unit as rate cut hits lending income October 17, 2024 Arbuthnot Banking Group reported growth in its wealth management arm as the historic lender looks to weather a fall in interest rates.
St James’s Place: More inflows for UK’s biggest wealth manager October 17, 2024 St James’s Place recorded net inflows of £890m over the three months to 30 September, continuing the strong pace of inflows that Britain’s biggest wealth manager has enjoyed over 2024. The company’s retention rate stayed at 94.6 per cent, though the wealth manager has yet to finish axing its controversial exit fees. Gross inflows were [...]
Brooks Macdonald blames Budget speculation for poor performance October 16, 2024 Wealth manager Brooks Macdonald has blamed uncertainty around the upcoming Budget for investors pulling £100m from its business over the last three months. In a quarterly trading update today, the London-listed money manager revealed that investors had pulled a total of 0.7 per cent of their assets over the most recent quarter, thanks to a [...]
Quilter inflows shoot up as platform business booms October 16, 2024 Investors poured millions into Quilter during the last quarter, with the wealth manager bringing in £1.4bn of new business over the last three months. All arms of the business saw elevated levels of cash being deposited into them by investors, pushing group assets under management and administration to a total of £116.2bn. In a trading [...]
This is how much sixty of the UK’s wealthiest people paid in income tax October 9, 2024 The figures, which were revealed thanks to a freedom of information request, demonstrate the large contribution made by the UK's richest individuals.