Rathbones: Funds under management rise but net inflows dip in Q3
The firm’s wealth management arm saw net outflows of £891m, while asset management achieved inflows of £67m
Investec W&I
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Nine in 10 advisers expect sector M&A to accelerate
Smaller companies finding it increasingly harder to compete
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Investec W&I suffers £600m net outflows following investment manager departures
Offset Rathbones’ positive wealth management inflows over the quarter
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Nearly all advisers expect their use of DFMs to increase
Consumer Duty playing a role in driving the trend
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Investec W&I’s Beddall joins Titan Private Wealth as joint CEO
Will lead the company through its ‘next phase of growth’
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Rathbones FUM reaches £105bn despite outflows from Investec W&I
Market and investment performance added £4.9bn to funds under management and advice in Q4
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Close Brothers makes a further Investec W&I hire in senior wealth manager appointment
Annabel Barrow joins as senior investment manager
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Close Brothers AM hires senior investment duo from Investec W&I
The hires mark the fourth and fifth senior appointments of former Investec W&I employees this year
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Close Brothers profits slide despite rise in client assets
Operating profit fell to £113.5m from £234.8m
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Rathbones completes £839m Investec W&I UK deal
Ruth Leas and Henrietta Baldock to join the Rathbones board
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Rathbones and Investec W&I given the go-ahead for all-share merger
The deal is due to take place on 21 September