Miton’s profits rebound 70%; Dighé steps down
After a rocky start to 2016, Miton ended the year with higher profit before tax and assets under management.
Companies
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Brooks Macdonald’s profits boost as discretionary assets rise
Brooks Macdonald saw a 19% growth in discretionary FUM, and a 49% rise in pre-tax profits for the second half of 2016; benefiting from renewed focus on services for HNW clients and changes to the pension landscape.
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M&G racks up £8bn in redemptions but AUM rises
M&G continued to rack up outflows in 2016, but posted higher AUM by the end of the period.
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Which asset manager is the next takeover target?
Last week’s £11bn merger between Standard Life and Aberdeen Asset Management was a game changer for the industry. Portfolio Adviser asked several wealth managers and analysts, who’s next?
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BT ‘not great value’ despite favourable Ofcom outcome – Brewin Dolphin
Although BT and Ofcom struck a reasonable compromise over the fate of Openreach, the stock still doesn’t look like an attractive value proposition, according to Brewin Dolphin equity analyst Nik Stanojevic.
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‘Breakout year’ for Aviva Investors; OMW preps for ‘hard’ separation
Aviva’s fund management arm found fortune during a “turbulent” 2016, as the cost of vertical integration took its toll on Old Mutual Wealth.
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Succession snaps up female-focused IFA in latest shopping spree
Acquisitive UK wealth manager Succession Group has added Independent Women to its list of recent purchases.
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LGIM posts 20% rise in AUM
Legal & General Investment Management (LGIM) has posted a 20% rise in AUM to £894.2bn as it remains committed to low-fee investing against continued pressure from industry forces.
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Brooks Macdonald looks to fill ‘geographical gap’ with Welsh office
Wealth manager Brooks Macdonald announced it plans to expand its UK footprint by making a push into the Welsh marketplace.
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Aberdeen and Standard Life shares skyrocket on merger deal
News of Standard Life’s agreement to purchase Aberdeen Asset Management has seen shares in both companies take off, with the former climbing to its highest value in over a year.
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Standard Life and Aberdeen agree £11bn merger
Standard Life and Aberdeen Asset Management have agreed to merge in an astonishing £11bn deal, following a weekend of intense talks.
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Succession completes takeovers following £25m funding
Wealth manager Succession Group has acquired IFA Chambers Group and financial planner Plan4Wealth for a total of £10m.
