Quilter Cheviot snaps up Attivo IM
Quilter Cheviot has agreed to acquire Attivo Investment Management for an undisclosed fee.
Quilter Cheviot has agreed to acquire Attivo Investment Management for an undisclosed fee.
The Duncan Lawrie Asset Management research team is set to be made redundant as a result of the acquisition of the business by Brewin Dolphin, it is understood.
Regulation is moving at such a fast pace that within five years all financial services markets around the world will ban commission and implement an RDR-like regime, Jasper Berens, head of UK funds at JPM Asset Management has predicted.
Columbia Threadneedle Investments will launch an offshore version of its UK equity income fund.
As France and other parts of the eurozone return to work after an August on the beach or in the countryside, the focus of investors turns once again to Mario Draghi and the European Central Bank.
The UK’s Financial Ombudsman Service (Fos) has set out the scale of fraud carried out in the country’s financial services sector, pledging to work with other regulatory bodies such as the Financial Conduct Authority to crackdown on scams.
Old Mutual Wealth has agreed to sell its Italian business to European private equity firm, Cinven for €278m (£236m, $308m).
Ascot Lloyd has announced the acquisition of fellow IFA business Harvard Financial Management.
International efforts to end the secrecy of offshore tax havens – seen by governments as the solution to tackling tax evasion – may lead to some undesired side-effects, according to experts in the industry.
Miton’s share price fell 28% following news of George Godber and Georgina Hamilton’s planned exit from the firm.
The Financial Conduct Authority is to crack down on pension-related investment scams as one of its main priorities for the coming year.
A number of US private equity firms are preparing bids for Old Mutual’s wealth division, with two funds rumoured to have already teamed up to make an offer, The Sunday Times has reported.