Wealth manager numbers paint rosyish picture
While a few notes of caution were raised in the spate of wealth manager results released in the last few days, the outlook is generally fairly sanguine.
While a few notes of caution were raised in the spate of wealth manager results released in the last few days, the outlook is generally fairly sanguine.
Charles Stanley Groups directors said they are disappointed with the companys performance during the last quarter in an interim management statement.
According to John Redwood, while there is plenty to worry about, there is as yet no one dominant fear to bring the markets crashing down.
As price cuts across the financial sector bring fees ever closer to zero, so the focus shifts slowly to other ways of maintaining customer loyalty.
Charles Stanleys profits for the year are down 33% to £6.1m, due in part to sinking money into expansion, the company has said.
Formerly the acting CEO at Aviva Investors, Paul Abberley takes on the new role of chief investment officer at Charles Stanley.
Firm set to miss by at least 10%
As equities move higher, gold continues its decline while copper finds support.
Brewin Dolphin has issued a High Court claim against Charles Stanley, accusing it of poaching 18 staff to set up a new branch in the Midlands.
How capable is Rolls Royce to weather bribery allegations and slashed defence spending?
Charles Stanley Direct has agreed a six-month fee waiver for all new clients with a minimum balance of £500,000.
Investors have expressed disappointment over Lloyds announcement that it is unlikely to reinstate its dividend policy before the second half of the year.