Financial advice definitions need clarity, says AJ Bell
The definition of financial advice is becoming blurred with potentially dangerous consequences, according to AJ Bell.
Companies
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Schroders weathers tough markets
Schroders has weathered market volatility, seeing assets under management rise to £294.8bn at the end of September, compared to £276.2bn a year ago.
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Canaccord Genuity assets climb 12%
Canaccord Genuity’s United Kingdom and Europe Wealth Management business has seen its assets under management climb 12% since last year.
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PA ANALYSIS: Currency to play greater role in portfolio returns
ETF Securities has reported a three-fold increase in ‘retail’ investors looking to hedge their currency exposure since the start of the year.
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Feeney talks up ‘new breed’ as Old Mutual’s inflows surge
Old Mutual Wealth’s net cash flows climbed nearly threefold to £2.3bn in the third quarter, with year-to-date funds under management up to £98.7bn.
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LGIM reports Q3 inflow spike
Legal and General Investment Management has reported net inflows for the third quarter of £7.9bn, in stark contrast to the £0.2bn outflows during the same period last year.
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UBS makes sweeping changes at the top
UBS Group announced nine changes to its group executive board and its board of directors, including a major shake-up of its wealth management division, on Tuesday, the same day the company released its third quarter results.
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Old Mutual Int’l kick starts Isle of Man high net worth team
Old Mutual International has launched a new high net worth team in its Isle of Man service centre to meet rising demand from wealthy individuals.
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Greater stability beckons for Turkey
The re-election of President Recep Tayyip Erdogan in Turkey partially resolves the country’s precarious political situation, said Jan Dehn, Head of Research at Ashmore.
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Standard Chartered rights issue plan sends shares into freefall
Emerging markets focused bank Standard Chartered has announced plans to raise £3.3bn from its shareholders through a rights issue.
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Baillie Gifford appoints Slater as US head
Baillie Gifford has appointed Tom Slater as head of its North American team, taking over from interim head Gary Robinson.
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RLAM sees net flows weaken
Royal London Asset Management continued to see net inflows in the third quarter of 2015, though at a lower rate than for the same period last year.