SJP on the hunt for a new CEO
Reports say headhunters have already begun the search
Companies
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AJ Bell reaps rewards from high interest rates
The firm revealed a 61% jump in profits
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Quilter cuts fees and unveils tiered adviser structure
The company also makes changes to cash management
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Raymond James unveils new hub in Fulham
Branch will offer bespoke investment services across southwest London
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JM Finn profits survive 13% drop in funds under management
Net flows into the firm’s discretionary arm halved
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Close Brothers learns ‘expensive lesson’ from Novitas acquisition
Firm recovered in Q3 after its failed lending arm had caused profits to plummet 90% in first half
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GAM portfolio managers back ‘highly credible’ Liontrust takeover
In a letter to the Swiss asset manager’s board
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Rothschild creates private markets operation for wealth unit
It aims to roll out offering across its key regions
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Jupiter shutters dwindling European small-cap fund
Firm also changes management on global bond strategy
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Ruffer to open New York office
Adding to bases in London, Guernsey, and Paris
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Why has Scotland become an attractive hub for advice firms?
It is ‘often the obvious next move’ for companies looking to expand
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Investec profits climb but assets dip as it prepares for Rathbones merger
FUM fell 4.5% to £61bn due to unfavourable market movements