Aberdeen outflows hit £10.5bn; more expected
Aberdeen Asset Management was hit by £10.5bn outflows in fourth quarter of 2016, including £4.2bn equity redemptions from an unamed UK wealth manager and sovereign wealth fund.
Companies
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New Skagen CIO focused on boosting flagship fund performance
“My number one job is to give the portfolio managers the freedom, space and tools to do their job well,” says Skagen CIO, Alexandra Morris.
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Lloyds is now a buy – Thesis AM
Lloyds looks set for a bright future as a longer-term trend towards higher interest rates emerges, according to Thesis Asset Management analyst Ryan Paterson.
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Ascot Lloyd to open ‘adviser academy’
Ascot Lloyd has revealed it will launch a programme to train up new independent financial advisers (IFAs).
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Charles Stanley reports revenue rise
Charles Stanley Group’s revenues climbed 10.8% to £35.2m in the quarter ended 31 December 2016, the company said in a trading update.
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Broader offering bears fruit for Smith & Williamson
The broadening of both the depth and scope of its client offering has paid off during a very volatile six months said David Cobb, co-chief executive of Smith & Williamson.
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Tilney hails ‘new growth phase’ as it announces rebrand
Tilney Bestinvest has said it has entered a ‘new organic growth phase’ under a new brand name; ‘Tilney Group’.
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Quilter Cheviot snaps up Attivo IM
Quilter Cheviot has agreed to acquire Attivo Investment Management for an undisclosed fee.
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Alliance Trust buys activist’s stake back
Alliance Trust has struck a deal to buy out the 19.75% of its shares owned by activist investment firm Elliott Associates.
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Brewin Dolphin reports inflows of £500m
Net inflows into Brewin Dolphin’s discretionary funds were £500m the last three months of 2016,” with total funds rising to £36.4bn by 31 December, more than £3bn higher than a year before.
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Making the case for vertical integration in UK wealth management – Polin
Jonathan Polin, Group CEO of Sanlam UK, discusses his plans for the business in 2017, the importance technology and lays out the case for vertical integration.
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Asset management pay dips
Average pay across the global asset management industry dropped 2% in 2016 as past pressures on revenue filtered through and began to bite, new research by data company Emolument has revealed.
