The Investment Company tries to avoid wind-up with Chelverton appointment
The 155-year-old trust’s investment policy is in line for a considerable shake up
Companies
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India Capital Growth profits from financials overweight
Net asset value rose 3.9% in the year to 31 December 2022, beating its benchmark
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Administration-hit IFA and DFM businesses sold
There were four formal offers for Nexus IFA and Nexus Investment Managers
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FSCS backtracks on financial planning firm failure
As liabilities may fall onto another company that is still in business
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Schroders subsidiary buys Northern Ireland-based IFA firm
Deal is the company’s second acquisition in the country
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Vanguard plans second UK office in Manchester
The firm has signed a ten-year lease on a 14,000-square-foot facility
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Novia Financial co-founder sets up advice company
It will target ‘lower-value’ clients with less complex needs
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Marlborough creates investment platform for advisers
It has an annual charge of 0.20%
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UBS splashes out $3.2bn to buy troubled rival Credit Suisse
Deal will create a global wealth manager with over £4trn of assets
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M&G enters AI partnership with Level E
Deal will see the creation of a range of investment strategies
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Investec profits head up despite drag from wealth arm
Comes despite a recent recovery in funds under management
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Markets climb after Credit Suisse shored-up by Swiss central bank
Shares in Credit Suisse surge back up
