Miton AUM recovers to smash £3bn barrier
Miton saw AUM break the £3bn mark in the first six months of 2017 bolstered by strong inflows to its equity and multi-asset funds, according to the firm’s latest trading report.
Companies
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Maria Sharapova joins advisory board at UBS Wealth
Tennis star Maria Sharapova has joined a new advisory board at UBS Wealth Management in aims of boosting the confidence of female investors.
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Rowan Dartington unveils new name in wealth management push
Rowan Dartington has dropped the ‘Signature’ from its name as part of an overhaul of the wealth manager’s brand.
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Premier boosts AUM after strong Q3 inflows
Premier Asset Management has reported its assets under management grew to £5.84bn at the end of June, after the 17th consecutive quarter of positive net inflows.
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DeVere CEO sells remaining STM stake to focus on fintech
The founder and chief executive of the deVere Group, Nigel Green, has sold his remaining 2% stake in the specialist Qrops provider STM Group.
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RWC acquires former Fidelity manager’s investment boutique
RWC Partners has revealed plans to acquire an investment firm owned by former Fidelity manager Graham Clapp, Pensato Capital.
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MetLife closes wealth management arm to new business
MetLife UK is closing its range of third-way “wealth management” retirement products to new business citing the ongoing low interest rate environment.
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Liontrust retail sales up £177m in Q2
Asset manager Liontrust saw retail sales grow £177m in the second quarter of 2017 according to its latest trading update.
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Canaccord Genuity buys Hargreave Hale to create mega wealth manager
Canaccord Genuity Wealth Management has agreed to acquire fellow wealth management business Hargreave Hale for £80m, it has announced.
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Mattioli Woods’ revenues exceed £50m
Cantor Fitzgerald has retained its buy recommendation on Mattioli Woods after the wealth manager disclosed its total revenues for the year will exceed £50m.
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UBS reveals major shake up to wealth business
UBS Group is overhauling its wealth management businesses in Europe and emerging markets by reducing its booking hubs to three from around 10 and has announced a senior management restructure.
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Argos acquisition pays off as Sainsbury’s posts strong growth
Sainsbury’s surprised the market this morning by announcing a 2.3% increase in like-for-like retail sales in the first quarter.
