Brooks Macdonald buys financial advisor amid takeover rumours October 8, 2024 Brooks Macdonald has bought independent financial advisor LIFT in a deal worth up to £45m, as takeover rumours swirl around the group. LIFT has £1.6bn in assets under advice, with £600m of this being funds under management. The firm is headquartered in Greater Manchester, with offices in London and Edinburgh, and has around 1,400 clients, [...]
St James’s Place: Most of our funds are failing to deliver value on performance September 27, 2024 In total, 30 of the 39 funds run by St James’s Place were deemed to be lagging in their performance according to the company’s latest Assessment of Value report. Asset managers are required to publish an Assessment of Value report annually by the Financial Conduct Authority, where they must assess their funds on seven different principles with [...]
Moneyfarm: Acquisitions and swelling client base help wealth manager’s assets surpass £4bn September 25, 2024 Digital wealth manager Moneyfarm has reported a jump in assets for the first half of 2024, helped by acquisitions and a swelling client base.
Labour’s upcoming tax rises – and what to do about them September 10, 2024 Here’s how wealth creators in the UK can navigate the upcoming tax changes, write Ollie Saiman and Katherine Waller As we approach the new government’s first budget it seems almost impossible to avoid the widespread speculation about what Halloween tricks or treats are going to jump out of the Chancellor’s red box on 30 October. Given the [...]
St James’s Place: UK’s largest wealth manager kicks off share buyback August 27, 2024 St James’s Place has kicked off a fresh share buyback programme as the UK's largest wealth manager looks to bounce back from a tough year.
Wealth manager Quilter posts record adjusted profit as investors’ nerves ease August 7, 2024 FTSE 250 wealth manager Quilter has reported a record adjusted profit amid a recovery in net inflows and improvements in global equity markets.
I thought you were dead: St James’s Place shocks analysts July 30, 2024 A scandal forced St James's Place to set aside a staggering £426m to pay out refunds to customers, leading many analysts to question whether the firm could survive the crisis. But today that narrative completely flipped.
St James’s Place shares soar as inflows smash expectations July 30, 2024 Shares in St James's Place soared today after it reported a bump in inflows for the first half of the year, which were well above what analysts expected.
Financial advisers are getting old. What happens when they retire? July 23, 2024 With the average age of a financial adviser rapidly approaching 60, the industry is preparing for a reckoning as they frantically attempt to replace those departing.
Evelyn Partners private equity sale: Is this the first domino to fall? July 22, 2024 Evelyn Partners, the wealth management and accountancy firm that manages £60bn in assets, is now up for sale by its private equity owner.