C. Hoare sells dealing and custody business to Canaccord

C. Hoare sells dealing and custody business to...

London-based private bank C.Hoare & Co has decided to sell its remaining investment operations to Canaccord Genuity Wealth Management.

Published : 24, Mar 2017
Valuation nadir doubt hangs over Next

Valuation nadir doubt hangs over Next

UK retail bellwether Next beat low analyst expectations in its 2016 results but doubt remains its low valuation will recover.

Published : 23, Mar 2017
Mirabaud eyes expansion as income rises

Mirabaud eyes expansion as income rises

Geneva-based Mirabaud Group – parent of Mirabaud Asset Management - remains focused on expansion as it announced a 16.7% rise in consolidated net income for the year ended 31 December 2016.

Published : 22, Mar 2017
‘Brexometer’ stormy as global executives forecast fall in profits

‘Brexometer’ stormy as global executives forecast...

Law firm Hogan Lovells found that 64% of respondents in its ‘Brexometer’ survey believe Brexit will reduce their profitability over the next five years.

Published : 22, Mar 2017
Progeny snaps up London-based IFA

Progeny snaps up London-based IFA

Leeds-based wealth manager Progeny has begun its rapid expansion by supporting the management buyout of Quadrant, a firm of independent financial advisers located in London.

Published : 21, Mar 2017
Succession founder Chamberlain dies

Succession founder Chamberlain dies

Succession Group founder and group chief executive Simon Chamberlain died on Friday 17 March, aged 51.

Published : 17, Mar 2017
Bob Diamond set for London comeback with swoop for Panmure Gordon

Bob Diamond set for London comeback with swoop...

Former Barclays chief executive Bob Diamond has teamed up with a Qatari investment bank to buy one of London’s oldest stockbroking firms Panmure Gordon.

Published : 17, Mar 2017
Jupiter’s Slenderbroek confronts M&A speculation

Jupiter’s Slenderbroek confronts M&A speculation...

Jupiter Investment Management chief executive Maarten Slenderbroek has pre-empted takeover rumours by stating the firm is not in the market for M&A.

Published : 16, Mar 2017
Miton's profits rebound 70%; Dighé steps down

Miton's profits rebound 70%; Dighé steps down

After a rocky start to 2016, Miton ended the year with higher profit before tax and assets under management.

Published : 16, Mar 2017
Brooks Macdonald's profits boost as discretionary assets rise

Brooks Macdonald's profits boost as discretionary...

Brooks Macdonald saw a 19% growth in discretionary FUM, and a 49% rise in pre-tax profits for the second half of 2016; benefiting from renewed focus on services for HNW clients and changes to the pension landscape.

Published : 15, Mar 2017
M&G racks up £8bn in redemptions but AUM rises

M&G racks up £8bn in redemptions but AUM rises...

M&G continued to rack up outflows in 2016, but posted higher AUM by the end of the period.

Published : 14, Mar 2017

Which asset manager is the next takeover target?...

Last week's £11bn merger between Standard Life and Aberdeen Asset Management was a game changer for the industry. Portfolio Adviser asked several wealth managers and analysts, who's next?

Published : 14, Mar 2017
BT ‘not great value’ despite favourable Ofcom outcome – Brewin Dolphin

BT ‘not great value’ despite favourable Ofcom...

Although BT and Ofcom struck a reasonable compromise over the fate of Openreach, the stock still doesn’t look like an attractive value proposition, according to Brewin Dolphin equity analyst Nik Stanojevic.

Published : 10, Mar 2017
‘Breakout year’ for Aviva Investors; OMW preps for ‘hard’ separation

‘Breakout year’ for Aviva Investors; OMW preps...

Aviva’s fund management arm found fortune during a “turbulent” 2016, as the cost of vertical integration took its toll on Old Mutual Wealth.

Published : 9, Mar 2017
Succession snaps up female-focused IFA in latest shopping spree

Succession snaps up female-focused IFA in latest...

Acquisitive UK wealth manager Succession Group has added Independent Women to its list of recent purchases.

Published : 8, Mar 2017
LGIM posts 20% rise in AUM

LGIM posts 20% rise in AUM

Legal & General Investment Management (LGIM) has posted a 20% rise in AUM to £894.2bn as it remains committed to low-fee investing against continued pressure from industry forces.

Published : 8, Mar 2017
Brooks Macdonald looks to fill 'geographical gap' with Welsh office

Brooks Macdonald looks to fill 'geographical gap'...

Wealth manager Brooks Macdonald announced it plans to expand its UK footprint by making a push into the Welsh marketplace.

Published : 6, Mar 2017
Aberdeen and Standard Life shares skyrocket on merger deal

Aberdeen and Standard Life shares skyrocket on...

News of Standard Life's agreement to purchase Aberdeen Asset Management has seen shares in both companies take off, with the former climbing to its highest value in over a year.

Published : 6, Mar 2017
Standard Life and Aberdeen agree £11bn merger

Standard Life and Aberdeen agree £11bn merger

Standard Life and Aberdeen Asset Management have agreed to merge in an astonishing £11bn (€12.7bn, $13.5bn), following a weekend of intense talks.

Published : 6, Mar 2017
Succession completes takeovers following £25m funding

Succession completes takeovers following £25m...

Wealth manager Succession Group has acquired IFA Chambers Group and financial planner Plan4Wealth for a total of £10m.

Published : 3, Mar 2017

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