UBS Wealth eyes alternatives top spot
UBS Wealth Management has made becoming the wealth management market leader in alternatives investing a key priority.
Companies
-
-
Tilney Bestinvest acquires Towry for £600m
Tilney Bestinvest has agreed to acquire Towry from private equity parent Palamon Capital Partners for £600m.
-
UK academies launch best practice workshops
With advisers scrambling to stay up-to-date with an ever-changing market, SimplyBiz and Bankhall have both announced that they will host UK workshops aimed at supporting advisers’ ongoing development.
-
Royal London direct-to-consumer offerings surge
Royal London’s consumer offerings have risen 385% compared with the prior year, according to the group’s annual results.
-
Waverton buys 2CG Senhouse
Waverton Investment Management, formerly J O Hambro Investment Management, has acquired London-based long only investment boutique 2CG Senhouse, which specialises in European and southeast Asian equities.
-
Private equity firms eye Old Mutual’s wealth arm
A number of US private equity firms are preparing bids for Old Mutual’s wealth division, with two funds rumoured to have already teamed up to make an offer, The Sunday Times has reported.
-
Successful AIM listing adds £8.7m to Harwood Wealth war chest
Harwood Wealth has listed on Aim with an initial market capitalisation of £45m.
-
Miton’s AUM up 36% but profit slips
Miton Group has reported its assets under management climbed 35.8% in 2015 to £2.78bn from £2.05bn at the start of the year.
-
Brooks Macdonald’s discretionary assets climb
Brooks Macdonald has reported discretionary funds under management of £7.82bn at the end of 2015, up 12% from £6.95bn at the end of 2014.
-
Rowan Dartington aiming to double assets over two years
Rowan Dartington is aiming to near double its assets under management over the next two years, according to executive chairman Graham Coxell.
-
LGIM reports jump in asset flows
Legal & General Investment Management (LGIM) has reported a 402% increase in external net asset flows in its annual results, from £7.5bn in 2014 to £37.7bn to 31 December 2015.
-
SocGen buys Kleinwort Benson to create wealth management behemoth
Societe Generale has agreed to buy Kleinwort Benson’s UK and Channel Islands wealth management businesses for an undisclosed sum.
