Canaccord Genuity WM eyes Scottish expansion with Adam & Company acquisition
The £54m deal will take the Edinburgh-based investment business off RBS’ hands
Companies
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Charles Stanley and Brooks Macdonald grow assets despite Covid pressure
Charles Stanley ‘cautiously optimistic’ worst of pandemic is over while Brooks Macdonald ‘on track’ to meet expectations
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Polar Capital bounces back from Covid lows as assets surge to £21bn
Aim-listed fund house has doubled the size of its business over three and half years
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Terry Smith enjoys £30m payday after Fundsmith sees profits nearly double
Fundsmith CEO pocketed £16m in 2019
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Waverton adds £500m to AUM with Scottish adviser buy
Cornerstone Asset Management has offices in Edinburgh and Glasgow and about 1,000 clients
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Schroders boss urges City to back Rishi Sunak’s shake-up of listing rules
Peter Harrison says measures in Lord Hill’s report will help avoid ‘slow decline’ of London’s stock exchanges
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Mattioli Woods gets £245m asset boost by snapping up Leicester-based IFA
Firm will acquire 100% of Pole Arnold’s issued share capital for an initial consideration of £4m
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BMO jettisons Emea asset management arm to Ameriprise
Deal adds $124bn of AUM to US adviser’s global asset manager Columbia Threadneedle
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Premier Miton AUM ticks up as investors turn to UK equities
‘For the first time in many months… we saw increasing demand for our UK equity-focused strategies’
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Credit Suisse ousts top execs and scraps bonuses amid Archegos and Greensill fallout
‘Serious lessons will be learned,’ says CEO Thomas Gottstein
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Weekly outlook: Asos H1 results; EU unemployment and Halifax UK house price index
The key events for UK wealth mangers for the week starting 5 April
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Quilter sells international business to Utmost Group for £483m
Life company was put under strategic review late last year