Saxo teams up with Moneyfarm on M&G Wealth portfolios
Investors now have access to actively managed funds
Investors now have access to actively managed funds
Yorkshire team relocated from Leeds
As AUMA falls £28bn
Stephanie Bruce has been with the company for four years
Group operating profit up 35% despite tough year for asset management arm
A 16% fall in AUM dented the investment manager’s returns in 2022
Fixed ongoing costs for the portfolio have been reduced by 12bps
The asset manager has been awarded a mandate for a major Japanese government pension fund
Company is working with an investment bank to discuss strategic options for the business
The deal is worth £4.1m
‘Corporates can no longer depend on shareholder apathy to have company business waved through once a year’
Though revenues and profit margins were lower than in 2021