Just eight asset managers achieve Morningstar’s top ESG rating
Majority of firms have improved their practices
Companies
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Evelyn Partners rebound with 11.5% increase in AUM for 2023
AUM grew from £53bn to £59.1bn due to inflows and market performance
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Premier Miton completes Tellworth acquisition
Tellworth business will transition onto Premier Miton platform in June
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ShareSoc: Woodford delay suggests ‘serious and complex arguments’ being considered
Decision on sanctioning scheme of arrangement postponed until early February
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St James’s Place net inflows halve as Jefferies lists stock as ‘buy’
New CEO Mark FitzPatrick will review ‘all elements of the business’ as he plans for 2030
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UK companies drop special dividends by 79% in 2023
Special dividends fell by more than three quarters in 2023, but bank payouts ‘more than offset cuts’
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Baillie Gifford to shutter international fixed income business to focus on UK client base
While the firm is planning a round of redundancies, according to reports
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Abrdn confirms 500 redundancies in cost-cutting ‘transformation plan’ amid £12.4bn outflows
£150m of costs will be cut across the business over two years
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Ontario Teachers’ completes majority stake purchase of 7IM from Caledonia Investments
Agreement was first announced in September last year
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AJ Bell advised customers reach 161,000 as assets jump to £76.2bn
Total customers rose 12% in the year to reach 484,000
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Brooks Macdonald MPS assets climb to £3.9bn but firm sees £100m net outflow
BM Investment Solutions offering for advisers contributed to 7.3% rise
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Rathbones FUM reaches £105bn despite outflows from Investec W&I
Market and investment performance added £4.9bn to funds under management and advice in Q4