50th M&A deal for Fairstone in 10 years
As financial planning firm’s revenue hits £100m
Companies
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Tilney private equity backer weighs up full ownership bid
Warburg Pincus made the merger with Smith & Williamson possible after regulatory concerns were raised
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Weekly outlook: Results from HSBC, Barclays and Berkshire Hathaway
Key events for UK wealth managers for the week starting 21 February
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M&G plots MPS expansion with London DFM buy
It plans to cut acquired firm’s fees to 0.15% per annum
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Gam adjusts profit targets after assets drop by £18bn
£3.5bn outflows driven by another challenging year for its fixed income funds
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Dirt cheap UK companies lure activist investors
Unilever and Vodafone among UK plc that have been targeted by billion dollar hedge funds bent on reform
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Liontrust squeaks by pay hikes for top bosses in nail-biting shareholder vote
Close call as 46% against boosting Jon Ions’ salary to £550k
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Rathbones adds investment sales consultant to its ranks
She joins from AI-driven recruitment platform SourceBreaker
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Penny Lovell exits Sanlam Private Wealth
Business was sold to funds managed by Oaktree Capital Management in September
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River and Mercantile braces for £3m revenue hit as it loses £927m mandate
Follows hot on the heels of Dan Hanbury’s resignation
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Smithson appoints new chair
Mark Pacitti to retire at the end of February
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Abrdn equities boss lands JO Hambro head of product role
As the company continues bolstering its ranks after hiring Aviva Investors’ Rudling and Newton IM’s Parry
