Mass UK adviser exit fails to materialise despite tougher regulation
A sharp 60% drop had been expected post-RDR, Keith Richards says
Companies
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Weekly outlook: US non-farm payrolls; B&M and Pennon full-year results
The key events for UK wealth managers for the week starting 31 May
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Coronavirus weekly round-up: Dominic Cummings’ seven-hour grilling and UK borrowing hits £32bn in April
Five investors mull the events shaping portfolios over the past week
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Fairstone inks fourth M&A deal of 2021
Deal brings around £100m in funds under management
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AJ Bell boosts tech spend after platform outage on vaccine announcement
Platform provider also posts a 21% increase in revenue for the six months to end of March
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Mattioli Woods splashes out £143.5m on double swoop
Wealth manager plans £110m equity fundraise to finance acquisitions
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Walker Crips nabs double hire for Southampton office launch
Opening its 12th branch is a ‘continuation of our ambitious growth plans’
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Coronavirus weekly round-up: Covid upsets World Economic Forum and Eurovision while UK cases of Indian variant spike
Four investors mull the events shaping portfolios over the past week
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Liontrust expects to ‘significantly’ beat full-year profit expectations
It was the third top selling fund group in Q1 with £924m of net retail sales
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Transact sees highest ever inflows as investor confidence increases
The platform’s funds under direction hit £46.9bn on the back of strong inflows
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Ninety One hit by outflows in its maiden year as investors pile out of multi-asset and UK equity funds
UK investors accounted for the highest level of redemptions pulling £1.4bn over the year
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Weekly outlook: UK unemployment, wages and inflation figures; Land Securities and Vodafone full-year results
The key events for UK wealth managers for the week starting 17 May