Investec closes robo-adviser after just two years
Bank not seen as ‘natural’ fit for robo space but some believe it should have stuck it out
Bank not seen as ‘natural’ fit for robo space but some believe it should have stuck it out
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Boutique asset manager Kestrel Investment Partners is increasing exposure to Europe’s financial, telecom and pharmaceutical sectors on the back of the European Central Bank’s quantitative easing (QE) decision.
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Increased regulation and relatively low valuations are leading to significant opportunities in the US financial sector, says Invesco Perpetuals Stephen Anness.
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The Financial Conduct Authority has said it is negotiating a settlement for investors in the failed Connaught Income Funds.
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Advisory firms based in the UK are spending an estimated £460m each year on the direct and indirect cost of regulation, according to a recent study.
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Dan Kemp, a founding partner at Albemarle Street Partners (ASP), has jumped ship to join Morningstar weeks before the launch of ratings venture, FundCalibre, where he was to take a leading role.
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Newly-launched RiverPeak Wealth has announced its managing director, James Powell.
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GLG Partners has appointed Simon Price as an asset manager to focus on stock-picking opportunities in the US and Japanese financials sectors.
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City Financial is to launch an Asian macro fund in the first quarter of 2014 to be managed by Geoffrey Barker in a joint venture with the group's Hong Kong subsidiary.
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Financial Transactions Tax (FTT) will cost investors a minimum of 13bn annually at current transaction levels and could force asset managers to relocate outside of the FTT zone, warns the European Fund and Asset Management Association (EFAMA).
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Investment management is separate to financial planning – as it should be – but as clients' needs change so the two disciplines are being tied closer together.
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Portfolio management is ranked amongst the 20 most complained about financial products, the latest data from the Financial Ombudsman Service reveals.
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