Outflows hit Charles Stanley, Brooks and Rathbones IM in Q3 2020
But unit trust business at Rathbones enjoys annualised growth of 19.6%
But unit trust business at Rathbones enjoys annualised growth of 19.6%
Liontrust AUM does not include acquisiton of Architas or recent offloading of Asia Income team
The key events for UK wealth managers for the week starting 17 August
‘It was essential that we learnt from the experience surrounding the Woodford issue last year’
Half-year results also revealed launch of real assets fund aimed at pension funds and other institutional investors
Asset manager booked zero management fees in the first half of the year
Head of wealth management tells Portfolio Adviser firm is ‘not celebrating a 20% margin’
Net inflows come despite the closure of the Polar UK Absolute Equity fund
Weekend update from the regulator urged companies to dial down updates amid coronavirus uncertainty
CEO hails ‘robust’ results against a backdrop of continued uncertainty
Overall costs spike to £33.1m from £29.9m in 2017
‘I think the numbers are okay, I’m not thrilled,’ says group CEO