Brooks Macdonald opens Cheltenham office in regional push
As it relocates Taunton office to Exeter
Companies
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Charles Stanley revenues boosted by low-cost advice arm
Wealth manager created Central Financial Services division to target customers seeking ‘simplified advice’
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Weekly outlook: Barratt, Burberry and Asos report; UK inflation; FCA publishes annual accounts
The key events for UK wealth manager for the week starting 12 July
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Polar Capital assets hit £23bn propelled by net inflows and market movements
Comes a week after firm reported 71% jump in AUM for the year to end of March
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Private equity managers defend sector following backlash from Morrisons buyout
Comes after major shareholder LGIM warns against private equity firms taking over supermarket chain for ‘the wrong reasons’
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Wise’s £8bn IPO could inspire more direct listings
Foregoing traditional IPO route levels the playing field for institutional and retail investors
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Impax assets jump 15% as net inflows hit £2.3bn
AUM is up 71% in the financial year-to-date as demand for sustainable products persists
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41 firms join Net Zero Asset Managers initiative
$43trn in assets now represented by the initiative – nearly half all funds managed globally in the asset management sector
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FCA finds most fund managers falling short on value assessments
Findings effectively akin to a school report that concludes ‘unsatisfactory: must try harder’
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Crux AM declares dividend despite revenue fall
Final dividend totalling £400,000 as post-tax profit for the year ended September 30, 2020, hit £1.9m
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Baillie Gifford UK arm enjoys 50% profits boost after raking in £336m in fees
FUM surges 75% higher as Edinburgh manager bounces back strong from Covid lows last March
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Weekly outlook: Supermarket sweep as Sainsbury’s and Ocado report; FCA weighs in on value assessments
The key events for UK wealth manager for the week starting 5 July