M&G bolsters wealth arm with another IFA acquisition
Follows hot on the heels of Sandringham Financial Partners deal
M&G
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M&G plots MPS expansion with London DFM buy
It plans to cut acquired firm’s fees to 0.15% per annum
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M&G swoops on £2.8bn Swiss impact investor
Deal expands fund group’s capabilities in sustainable investments for emerging markets
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M&G acquires minority stake in Moneyfarm
As the digital wealth manager secures £44m to fund its growth plans
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M&G Wealth agrees to buy Huddersfield advice firm
Sandringham Financial Planners has over 180 IFA partners advising on more than £2.5bn of assets
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M&G to unfreeze £2bn Property Portfolio after nearly year and a half suspension
Property Portfolio suspended in December 2019 due to liquidity issues
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M&G Property Porfolio remains shut despite exceeding 20% cash
Asset manager has vowed not to charge fees on cash held in excess of 20%
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Will other fund houses follow M&G wealth management push?
‘Clearly buying a much less volatile earnings stream could have its advantages’
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M&G Property Portfolio sees further 5% of assets released from price uncertainty
Knight Frank offers ‘small glimmer of hope’ but portfolio remains shut due to liquidity issues
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M&G Property remains shut but anticipates 16% cash position
Update reveals £245m of assets are now in solicitors’ hands or under offer
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BMO UK Property switches pricing indicating ‘big shift’ in sentiment
Comes mere months after M&G suspended fund after mass outflows from the direct property sector
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M&G pans ‘idle’ cash in £2.4bn property fund update
CIO appears to make swipe at rivals with high cash buffers