Charles Stanley bags buy rating despite profits falling more than a quarter
Profits fall to £6.6m after firm struggles to grow assets over lockdown and is hit with a £3.5m FSCS levy bill
Companies
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Alpha Beta Partners acquires rival DFM MitonOptimal UK
Deal represents the multi-asset manager’s first strategic acquisition
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Advisers fail to stymie Ninety One’s first half-yearly outflow in three years
Asset manager that spun out of Investec also suffers loss of institutional mandates in global strategies
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Standard Life Aberdeen boss confirms changes at Wrap and Elevate and UK wealth push
Former banker Stephen Bird is also looking to take inspiration from Blackrock with move into ETFs
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Weekly outlook: Vodafone and British Land among flurry of updates; UK and EU inflation
The key events for UK wealth managers for the week starting 16 November
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How has the Covid crisis impacted recruitment at DFMs?
AJ Bell goes on a hiring spree while established players SJP and Quilter have been more cautious
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Beaten down FTSE stocks jump up to 40% on promising Pfizer vaccine
‘The airlines and airline-related stocks are on a tear, rising in some cases by over 25%’
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Weekly outlook: UK unemployment expected to tick up amid local lockdowns; Land Securities and National Grid report
The key events for UK wealth managers for the week starting 9 November
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Scottish Mortgage sells down Amazon over fears of ballooning market cap
First time James Anderson and Tom Slater have sold retail platform purely for investment reasons
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Coronavirus weekly round-up: Joe Biden moves within touching distance of White House as UK enters lockdown again
Four investors mull the events shaping portfolios over the past week
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Investment industry fires back at claims research quality has improved under Mifid II
Sell side and buy side alike dispute findings of Harvard Law School report
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Coronavirus weekly round-up: UK under pressure to follow France and Germany into second lockdown and Biden leads Trump in the polls
Five investors mull the events shaping portfolios over the past week
