A market downturn sparked by Mifid?
Could Mifid II be responsible pushing markets into a downward spiral? Perhaps not, but a rule requiring managers to report any 10% fall in a portfolio to clients will do little to discourage the buy high/sell low mentality of the man on the street.
Wealth Club reveals ambitious growth plans with broker takeover
Wealth Club, a dedicated service for high-net worth investors, has acquired broker firm Clubfinance in an expansion of its VCT and tax-efficient investment offering.
Liontrust boosts fixed income team as AUM smashes £10bn
Liontrust Asset Management has hired Baillie Gifford’s Donald Phillips to join its newly-created global fixed income team ahead of its upcoming triple fund launch.