Discretionary funds drive Charles Stanley assets higher
Charles Stanley saw funds under management and administration (FUMA) rise in the three months to 30 June, driven largely by its discretionary service and positive market conditions.
Discretionary
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Chase de Vere poaches from Whitechurch for discretionary launch
Chase de Vere has poached Ben Willis from Whitechurch Securities as head of portfolio management as it prepares to launch a discretionary model portfolio service.
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Saunderson House hires ex-Close man to head discretionary arm
Saunderson House has appointed a former Close Brothers Asset Management managing director to head its new discretionary management service.
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Walker Crips continues move into discretionary with MPS launch
Walker Crips Investment Management has taken the expansion of its discretionary capability another step forward with the introduction of a managed portfolio range.
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Wellian teams with IFA on bespoke model portfolio range
Wellian Investment Solutions has teamed up with IFA FiveWays Financial Planning on the launch of a bespoke managed portfolios range.
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Walker Crips AUM climbs 50% year-on-year
Walker Crips AUM leapt 50% in the 12 months to 31 March, the firm reported in its annual results.
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Service upgrades could trump lower fees
Lower service charges may not necessarily be on the cards, but wealth managers must provide value for their percentage, according to the head of Brown Shipleys Manchester office Jon Sherlock.
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Walker Crips takes another step
Walker Crips’ ongoing overhaul of its business has taken another step forward with the purchase of Barker Poland Asset Management.
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Tech failings to cost Brewins 32m
Technology failings at Brewin Dolphin will cost the group £32m in the first half of 2014.
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Brooks Macdonald announces DFM deal with Reeves
Brooks Macdonald Asset Management has formed a strategic alliance with Reeves, giving its clients access to Brooks discretionary services.
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Close Bros hires for tailored portfolio service
Close Brothers Asset Management has hired Amy Lazenby as investment director to head up its tailored portfolio service.
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Defaqto research points to DFM growth
45% of IFAs were outsourcing their investment propositions in 2013, with more than half doing so via discretionaries, a pointer that the DFM sector is on a growth path, according to Defaqto.
