Towry completes £97m ashcourt rowan takeover
Towry Finance has completed its £97m takeover of Ashcourt Rowan, the firm has announced.
Companies
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Scottish mortgage to dip into reserves to meet dividend target
Baillie Gifford’s Scottish Mortgage Investment Trust is to dip into its revenue reserves in order to meet its final dividend target, the company’s annual report revealed.
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Pension freedoms elevate Axa wealth FUM
Funds under management at Axa wealth’s wrap platform, Elevate, broke through £10bn in the first quarter on the back of strong inflows ahead of the pension reforms enacted in April.
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Charles stanley strikes deal with panmure gordon
Charles Stanley has entered into an exclusive agreement with Panmure Gordon to sell off the Charles Stanley Securities unit, excluding the equity sales trading operations.
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Tavistock creates south west hub with ifa acquisition
AIM-listed Tavistock Investments has acquired Cornwall-based Duchy Independent Financial Advisers as part of a new regional operation in the South West.
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Aberdeen holds the em line despite £11.3bn in outflows
Despite a tricky first half of 2015, Aberdeen CEO, Martin Gilbert said on Tuesday it was more important than ever to avoid style drift.
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UBS Wealth Management drives 88% profit surge
UBS Wealth Management helped propel group profits 88% higher in the first quarter, the firm announced in its quarterly statement.
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Wealth managers have no need to fear the rise of robo advice… yet
The rise in robo-advice should not be ignored by the likes of Hargreaves Lansdown and St James’s Place, but it is unlikely to have a major impact on their operations in the next few years, Numis said
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Acquisitive AFH completes largest adviser bolt on
AFH Financial Group has announced the purchase of Independent Financial Services in the firm’s largest ever acquisition.
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Shell shares shake off profit plunge
Royal Dutch Shell shares have shaken off a 56% plunge in profits revealed this morning.
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Schroders announces £150m profit for Q1
Schroders made a pre-tax profit of £149.6m in the three months to 31 March, the firm has announced in its interim management statement.
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Brooks Macdonald discretionary AUM breaks through £7bn
Brooks Macdonald’s steady growth in discretionary funds under management continued in the third quarter, rising 7.5% to breach £7bn for the first time.