Numis: AI frenzy ‘subsides’ as retail investors flock to ‘usual suspect’ investment trusts in August
Scottish Mortgage, City of London and F&C dominate platform buylists
Platforms
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Quilter Cheviot’s MPS available on three additional platforms
Taking the total number of adviser platforms using the MPS to 15
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Advised platform net sales hit all-time low
As outflows rise to their highest quarterly level
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Aviva Investors net inflows hold at £200m but platform flows halve
Platform flows have fallen from £2.4bn to £1.2bn over one year
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Quilter profits jump 25% as it expects to deliver ‘cost-saving’ plan a year early
While AUM ticked up 2% in first half
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Interactive Investor cuts trading fees by a third
Charge for fund and investment trust trades dropped to £3.99
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Evelyn Partners sees record half year inflows as CEO switch nears
Assets under management and advice rose to £54.9bn
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AJ Bell assets under advice reaches record £69.8bn
Net inflows tick down year-on-year to £1.1bn in quarter to 30 June
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Hargreaves Lansdown chair Deanna Oppenheimer to step down – reports
Founder Peter Hargreaves previously criticised the chair over HL’s performance during her tenure
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Suite of Orbis strategies added to Aegon platform
Orbis Global Equity, Global Balanced, and Global Cautious strategies
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Circa5000 launches impact-focused ETF range
Investing in five areas
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Lombard Odier launches sustainable investment platform
Investing in opportunities addressing the transformation to a net-zero economy