Weekly outlook: All eyes on US election while Fed and BoE update on monetary policy
The key events for UK wealth managers for the week starting 2 November
Companies
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7IM denies conflict of interest as it buys wealth manager matchmaker website
Findawealthmanager.com matches investors with wealth management firms based on their needs
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Ewan Dowes: From rugby league star to SJP financial adviser
‘Not in a million years did I consider financial advice when I was playing professionally’
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Walker Crips scoops up HNW client book from Yorkshire IFA
Deal forms part of wealth manager’s expansion drive
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SJP finds defenders as it stands accused of letting shareholders down
But commentators admit arguments against wealth manager’s high cost base have merit
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SJP net inflows fall by a third as Covid rattles wealth managers
But FTSE 100 firm still manages to beat out peers like Brooks and Rathbones, which suffered outflows in Q3
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SJP shareholder calls for overhaul of wealth manager’s ‘high-cost culture’
Annual operating expenses per adviser have risen to £96,500
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WH Ireland’s aggressive cost cutting pays off with first half-year profit for five years
Wealth management division suffered fall in profits but AUM increased
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Weekly outlook: US economy set for sharp Q3 rebound as UK banks and Apple report
The key events for UK wealth managers for the week starting 26 October
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AJ Bell rides consumer savings wave as assets hit £57bn
Comes after ONS revealed record spike in household savings in Q2
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Gam to beef up ESG as existing strategies deliver net outflows for Q3
New head of sustainable and impact investment role to be filled imminently
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Tatton AM sees assets near £8bn as it rebounds from Covid hit
Virus crisis wiped £900m from AUM during the worst of the sell-off
