Abrdn outflows slow to £6.2bn in ‘reset’ year as Man Group assets jump 20%
Abrdn posts first full-year increase in revenue since merger of Standard Life and Aberdeen in 2017
Companies
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Tilney Smith & Williamson to rebrand as Evelyn Partners
Full year results show assets under management jumped 12.7%
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What’s next for investment platforms?
Sale of Praemium to Morningstar ‘an interesting illustration’ of the ‘developmental currents’
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Assetco acquisition spree continues with Revera Asset Management
£2.8m deal is ‘the next step in our plan to establish an active equity platform’
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7IM hires from Brooks Macdonald for new chief risk officer role
His 20-year career has included stints at Smith & Williamson, Julius Baer International and Merrill Lynch
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River and Mercantile’s Dan Hanbury to re-join Ninety One
He was a fund manager at Investec Asset Management before leaving in 2006 to set up R&M
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Weekly outlook: Taylor Wimpey annual results and US job numbers
Key events for UK wealth managers for the week starting 28 February
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FE Fundinfo acquires Fundsquare
Deal will also see the Luxembourg Stock Exchange become an investor in the data and tech provider
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£300m Brooks Macdonald bid for 7IM rebuffed
Three times what its controlling shareholder paid for it in 2015
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Rize ETF hires head of UK, Ireland and Channel Islands from SSGA
As it seeks to ‘expedite’ growth
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Hargreaves shares tank over a fifth as it slags off UK wealth management industry
Chris Hill pledges to redefine wealth management in D2C platform’s half-year results
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DFM consolidator Titan Wealth buys Cardale Asset Management
It acquired Tavistock’s £1bn multi-asset arm in June 2021
