Invesco eyes its second ETF acquisition
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Companies
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Close Bros’ shares slip despite revamped asset business
Shares in Close Brothers opened some 6% lower on Tuesday, despite the group taking higher profits from its revamped asset management arm.
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Sanlam pushes private office expansion with Close Brothers recruits
Sanlam’s newly launched private office arm has recruited Jonathan Moon and Will Cayzer, formerly of Close Brothers Asset Management, to push the venture forward.
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Wealth consultancy set for AIM float
A specialist wealth consultancy firm is set to float on the Alternative Investment Market (AIM) in October after reporting bumper growth.
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French private bank enters UK wealth space
Banque Transatlantique, part of French banking group Crédit Mutuel-CM11, is launching a wealth management business in the UK.
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Chase de Vere acquires medical specialist
Chase de Vere has taken over the financial planning arm of Medical Money Management, expanding its financial adviser network by 30.
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Share Centre to target wealth space
There is a space for a new kid on the wealth management block and The Share Centre is well placed to fill it according to the firm’s chief executive Richard Stone.
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Brooks Macdonald breaks £10bn milestone and dumps property arm
Funds under management soared 26% at Brooks Macdonald over the last year, with the wealth manager selling off its property management business.
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Dighe’s replacement at Miton revealed as profits dip
James Neilson Pettigrew will join Miton as chairman in November according to the firm’s half-year results, which revealed profits dipped in the first half of the year.
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Alliance Bernstein signs distribution deal with Raymond James
Alliance Bernstein (AB) has forged a distribution partnership with Raymond James’ UK wealth management arm, allowing clients to access nine strategies on its platform.
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Fresh recruits aid Brown Shipley expansion
Brown Shipley has added to its Edinburgh office in a fresh push to expand its wealth management services.
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Senior Fidelity staff hit with redundancy offer
Senior staff at Fidelity International have been offered voluntary redundancy as the asset manager tries to trim its size and cut costs.
