Assetco heralds ‘new approach to asset management’ with Rize ETF deal
‘Looks like it will be a far more diverse business than maybe many suspected when it first set up’
Companies
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Baillie Gifford and Vanguard surge past Blackrock for UK fund flows
But Invesco and M&G suffer with combined redemptions of £7bn in H1
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Martin Gilbert-backed Assetco eyes Rize ETF
It will reportedly raise £25m from investors to fund the acquisition
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Close Brothers acquires Surrey-based IFA with £300m AUM
PMN Financial acquisition allows CBAM access to high net-worth family clients in Surrey and Hampshire
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Fidelity signs pledge to support UK fintech growth
First asset manager to become a signatory
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Freedom Day sends UK market into a tailspin
Jitters remain despite removal of restrictions, including the wearing of masks and social distancing
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Weekly outlook: Netflix and Unilever report; ECB policy decision
The key events for UK wealth manager for the week starting 19 July
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PE firm makes double acquisition to create UK wealth manager
Newly formed business will be ‘actively pursuing an IFA consolidation strategy’
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Brooks Macdonald returns to positive net flows as WH Ireland back in the black
WH Ireland reports £1m pre-tax profit bouncing back from £3.3m loss last year
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Gam forecasts £2.4m loss as it rebrands private client business
Private labelling boss Martin Jufer to head up Gam Wealth Management
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Liontrust rakes in £1bn off ESG tailwind while Ashmore rides emerging market recovery
Liontrust sustainable funds see assets surge to £11.9bn and Ashmore celebrates institutional mandate wins
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UK plc ramping up for ‘red hot recovery’ from Covid slump
JO Hambro UK Profit Index shows strong bounce back in profits in 2021 after pandemic wiped £349bn off revenues
