Bellpenny and Ascot Lloyd merge to create mega wealth manager
Bellpenny and Ascot Lloyd have completed a merger to create a financial planning company with £6bn of funds under management.
Companies
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DeVere and Pacific AM team up for model portfolio launch
International advisory firm deVere Group has launched a model portfolio service (MPS) in association with Pacific Asset Management.
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Polar Capital laments third consecutive year of outflows
Polar Capital continued to feel the sting of outflows from four of its major strategies, resulting in its third consecutive year of net negative flows.
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European Wealth debt free as it sells 48% stake
European Wealth has sold a 48% stake in its business in a £8.8m fundraising, leaving the firm debt free for the first time in its history.
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Stan Life/Aberdeen announces investment committee line-up
Standard Life and Aberdeen Asset Management have announced that Rod Paris, CIO for the combined group, will chair the newly merged group’s Investment Management Committee (IMC).
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Santander unveils private client business
Santander has enhanced its wealth management capabilities by launching a private client offering.
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BlackRock claims stake in robo-adviser
BlackRock has acquired a significant minority stake in digital investment manager Scalable Capital.
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Tesco’s sales up but investors fear tough times ahead
Despite the fact the Tesco delivered another quarter of sales growth, investors are weary of the group’s ability to contend with higher inflation and competition.
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Mattioli Woods eyes regional targets for acquisitions
Mattioli Woods has its eyes on expansion across the UK through acquisition of regional offices, group managing director Murray Smith has said.
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Charles Stanley back in profit after major overhaul
Charles Stanley swung back to a profit for the year ended 31 March 2017 on the back of its major transformation programme.
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Coram AM acquires DFM ahead of MPS launch
James Sullivan-led Coram Asset Management has acquired Bath-based DFM Minerva Fund Managers ahead of the launch of seven model portfolios.
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Albion Ventures rebrands after expansion into private client world
Investment manager Albion Ventures has rebranded following its recent acquisition and expansion into the private client and charities sector.
