Platform assets plunge as UK teeters towards recession
Providers set to move ‘into markets they’ve not been in before to help alleviate the pressure’
Companies
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One Four Nine bolsters Scotland presence with IFA acquisition
Deal brings AUM to £800m, staff to 70 and clients to around 2,500
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Aggressive cost cutting cushions Quilter profits from 12% blow to assets
But CEO Paul Feeney warns full-year operating margins could dip if revenue headwinds remain
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Abrdn swings to £320m loss in H1
As international inflows soften £132bn blow to LGIM’s assets under management
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Hargreaves profits dive as net new business drops 37%
D2C giant rakes in £5.5bn of net inflows in 2022, down from £8.7bn the year before
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Darius McDermott: How we allocate to global equities
Chelsea Financial Services MD talks US exposure, investing in SMEs and the perils of ignoring dividends
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PE company snaps up majority stake in Saltus
Backing will ‘significantly accelerate’ UK wealth firm’s current growth plans
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Gam shares perk up despite revealing 20% drop in assets
As group CFO Richard McNamara announced his departure
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M&G bolsters wealth arm with another IFA acquisition
Follows hot on the heels of Sandringham Financial Partners deal
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Blue Whale puts £120k on the line to disprove market timing myths
‘Bit of a marketing gimmick’ but lessons on pound-cost averaging are worthy
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Absolute return funds buoy Man Group in challenging first half
Net inflows of $3.2bn were 2.7% above the industry on an asset-weighted basis
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Evelyn Partners overtakes rival Brewin Dolphin despite £6bn AUM hit from falling markets
SJP comfortably remains the largest UK wealth manager
