Abrdn set for FTSE 100 ejection as F&C Investment Trust eyes promotion
With moves for NextEnergy Solar Fund and Warehouse Reit also on the cards
Companies
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Wealth manager splashes PE cash to buy two advice firms
Taking total assets under advice to more than £1bn
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Federated Hermes and Fidelity among firms rapped over ‘anti-ESG’ group links
Sponsors of the group are accused of supporting climate denial
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What did Q2 earnings season tell us about the economy?
Sceptics warn better-than-expected numbers do not reflect inflationary pressures
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Weekly outlook: Ofgem energy price cap hike looms as Fed convenes at Jackson Hole
Key events for UK wealth managers for the week starting 22 August
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Private equity-backed wealth manager Skerritts buys advice firm
Adding £330m to AUM with more deals set to complete later this year
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IWP completes 31st acquisition since 2019
Deal adds £252m of assets under advice
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Abrdn buys stake in digital assets exchange in crypto push
‘Blockchain technologies are inevitably going to form a big part of the future of financial markets,’ says CEO Bird
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Evelyn Partners adds sixth advice firm to succession programme
Deal will see four members of staff join the wealth management group
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M&G celebrates return to net inflows even as AUMA drops £21.1bn
Fund group underscores ambition to ‘become a major player in the UK wealth market’
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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’
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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