Premier Miton AUM falls flat as open-ended funds suffer £87m redemptions
Shares in the fund group sagged 4% following unaudited Q1 figures
Companies
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Rathbone funds grow 33% on ‘very strong’ flows
Saunderson House also buoys assets at the group level
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Tavistock buys 21% stake in IFA group for £10m
Almost 18 months after the advice firm’s founder and CEO died
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‘No slowdown in sight’ as Impax brings in another £2bn of net inflows
‘Post the COP26 climate conference, the direction of travel towards a low-carbon economy is much clearer’
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Weekly outlook: US and China inflation; Blackrock, Tesco and two big recruiters report
The key events for UK wealth managers for the week starting 10 January
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Mattioli Woods eyes more M&A as it reports £44m cash
Chief executive Ian Mattioli says firm is actively looking for both short and long-term M&A targets
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Fundsmith profits jump to almost £60m
Terry Smith enjoys £35m payout from partnership plus undisclosed sum from his Mauritius business
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Woodford directors forced to stump up as collapsed fund house expenses hit £5m
Neil Woodford’s former fund house sells artwork as revenues shrivel
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FCA gives green light to Raymond James’ Charles Stanley acquisition
Comes a week after it was announced the deal would be delayed
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River & Mercantile prolongs bidding war despite £230m deal for solutions arm
Talks with Assetco and Premier Miton will remain ongoing despite deadline for bids ending today
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Praemium sells UK and international arm to Morningstar for £35m
‘Praemium’s digital-first capabilities will allow us to reduce friction, lower costs, provide more choice, and improve efficiency for advisers’
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Why do some advice companies keep acquisitions quiet?
‘I would estimate at least 50% of deals are not released to the press’