Goldman Sachs to begin mammoth round of redundancies
Up to 3,200 job cuts are due to be finalised in the coming weeks
Companies
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Team makes loss despite 94% AUMA growth
Contributions from three acquisitions masked a difficult year for the asset and wealth manager
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Terry Smith takes aim at Paypal after Fundsmith’s poor performance
Per usual, his annual letter to shareholders pulls few punches
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RBC Wealth Management to exit Guernsey
The full closure could take up to two years
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Canaccord Genuity’s top team makes £700m takeover bid
Group led by CEO Daniel Daviau offered a 30.7% premium on firm’s share price
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Impax bucks sector trend by posting £800m net inflows
The AIM-listed firm recorded 6.4% AUM growth in its Q1
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December drags on Caledonia’s returns
Leaving the trust trading on a 27% discount
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Abrdn to merge four funds
As part of plans to close or combine over 100 strategies to simplify offering
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Fidelity platform freezes Jupiter Mid Cap fund access
The struggling strategy is down nearly 40% over the last 12 months
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Mattioli retains inflows despite AUM dip
Revenue was up 10% on H1 2022
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Quilter commercial and propositions director David Tiller dies
‘A legend in the platform industry, a visionary in the truest sense of the word’
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Titan Wealth buys Midlands advice firm
Deal adds £700m in assets under management