Asset management margin pressure to continue, Numis says
Asset management firms should expect an environment of low growth for earnings and pay for the foreseeable future, according to research by Numis.
Numis Securities
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Hargreaves shares jump on stronger-than-expected Q1 numbers
Shares in Hargreaves Lansdown jumped more than 4% in morning trade on stronger than expected Q1 numbers.
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Alliance trust buys brewin dolphin execution only business for £14m
Alliance Trust has bought Brewin Dolphin’s execution-only Stocktrade business for £14m pounds in a bid to further strengthen its position as a platform provider.
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Vanguard launches ‘robo advice’ service in us
Pennsylvania-headquartered Vanguard has rolled out a ‘robo-advice’ service for clients in the United States.
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Twenty Four AM planning UK mortgage trust launch
TwentyFour Asset Management is planning to launch a UK residential mortgage investment trust to be managed by Ben Hayward and Douglas Charleston.
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Dont write off retail advisers just yet
According to Numis Securities, while the post RDR-world makes an adviser uneconomic for many, long term structural changes are likely to benefit the retail-focused parts of the wealth management industry.
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Update BH Global on lower fee structure
Following BH Globals proposals to invest fully in Brevan Howard Multi-Strategy Master Fund (BHMS), the hedge fund has clarified its position over the conditions of fee payment.
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Frontiers set to win from EM crisis Numis
Frontier markets have significantly beaten their EM counterparts for the first time since 2005, according to Numis Securities.
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2013 assets raised for alternative trusts
Investment companies raised £7.9bn of capital during 2013, more than in 2011 and 2012 combined.