Gam’s funds business fails to curb outflows as clients withdraw £1.7bn
Fixed income funds responsible for £950m worth of redmeptions
Companies
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Weekly outlook: HSBC, Taylor Wimpey and LGIM among results flurry; US unemployment and wage growth
The key events for UK wealth manager for the week starting 2 August
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Raymond James set to clarify its UK identity with Charles Stanley acquisition
There has been some confusion over what role Raymond James plays in the UK wealth market
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SPW rakes in £100m as Lloyds client referrals spike 133%
Schroders and Lloyds JV picked up pace following pandemic struggles and string of senior exits
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Lloyds Bank buys retirement platform Embark for £390m
Bank is targeting a top-three position in D2C self-directed and robo-advice business in the medium term
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SJP trumps pre-pandemic flows as it attracts £9bn in client cash
FTSE 100 wealth manager targeting £200bn in FUM by end of 2025
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Rathbones profit soars ‘materially ahead’ to £48.8m
Funds under management and administration hits £59.2bn aided by Saunderson House acquisition
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UK dividends jump a ‘phenomenal’ 51% in Q2
But Link Group says increase is compared with last year’s low point of the pandemic
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Weekly outlook: Barclays, BAT and GSK report while Fed decides on rates
The key events for UK wealth manager for the week starting 26 July
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Coronavirus weekly round-up: ‘Pingdemic’ overshadows Freedom Day while ECB stays dovish
Four investors mull the events shaping portfolios over the past week
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AJ Bell sees assets climb 8% in Q2
Total assets under administration reached £70.4bn at the end of June
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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’