Jupiter Fund Management reveals 8.9% AUM jump in Q1
Jupiter Fund Management’s assets under management jumped 8.9% in Q1 2015, the group announced today.
Companies
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Charles Stanley cuts dividend
Charles Stanley has cut its total dividend for the year to end March 2015 to 5p per share and is planning a £15.8m share placing in an effort to rebuild its capital levels and refocus the business.
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Charles stanley cuts dividend as part of wealth refocus
Charles Stanley has cut its total dividend for the year to end March 2015 to 5p per share and is planning a £15.8m share placing in an effort to rebuild its capital levels and refocus the business.
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Expect exodus from large wealth managers to continue – ifp
Financial services professionals will continue to leave wealth management heavyweights in favour of the relative freedom of smaller firms, according to IFP chief executive Steve Gazzard.
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Bullish Ashmore undeterred by outflows
Ashmore reported net outflows of $2bn during the quarter to 31 March 2015, but expects modest new subscriptions to continue to pick up.
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Bellpenny plans to continue buying spree
Bellpenny has said it intends to buy a further ten businesses by the end of 2015, following the completion of its latest wealth management acquisition.
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Shell megadeal shines spotlight on dividends
In 2014, five companies accounted for 45% of the £97.4bn that was paid out in dividends to UK investors, according to the latest issue of the Capita UK Dividend Monitor.
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Fund managers set for BG Group windfall
Royal Dutch Shells proposed buyout of BG Group for £47bn has put a number of UK asset management firms in line for a big windfall.
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Investec throws its hat into simplified
Investec Wealth & Investment has hired Jane Warren to spearhead its drive into the online simplified advice business.
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Miton 1bn outflows alongside new trust
Miton has reported outflows during 2014 of over £1 billion alongside the announcement of a new microcap investment trust.
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Aberdeen bolsters alternatives offering
In a bid to further bolster is position within the alternatives space, Aberdeen Asset Management is to buy SVG Capitals minority stake in the firms joint venture, Aberdeen SVG Private Equity Managers for £29m.
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RBS offloads Coutts international clients to UBP
Royal Bank of Scotland has reached a deal to sell off the international elements of the Coutts private banking and wealth business to Switzerlands Union Bancaire Privée.