HL chairman Evans to step down
Mike Evans, chairman of Hargreaves Lansdown, has announced he will be stepping down as soon as a successor has been identified.
Mike Evans, chairman of Hargreaves Lansdown, has announced he will be stepping down as soon as a successor has been identified.
Wealth manager Rathbone Brothers has reported a 4.7% rise in funds under management to £35.8bn in the first quarter, driven by market gains.
St James’s Place (SJP) has reported net inflows of £1.99bn in the first quarter, bringing assets under management (AUM) to £79.84bn.
Legal & General Investment Management (LGIM) has posted a 20% rise in AUM to £894.2bn as it remains committed to low-fee investing against continued pressure from industry forces.
Axa Investment Managers (IM) said its 35% annual rise in net new money inflows was a testament to its “resilient” business model while setting out ambitions for further acquisitions this year.
Liontrust saw £190m in net flows between October and December the firm reported today.
Brewin Dolphin has posted a 17.9% fall in pre-tax profits as it has published its preliminary annual results for 2016 in a year that included a “challenging” first half.
Aberdeen Asset Management has reported £32.8bn of net outflows with negative economic and political newsflow having “weighed on investor sentiment”, according to chief executive Martin Gilbert.
Liontrust has reported a 29.5% growth in assets under management (AUM) from £4.4bn in 2015 to £5.7bn at 30 September 2016.
Henderson Group has reported a £1bn net outflow from its retail business during the third quarter due to an immediate rotation out of European assets following the EU Referendum.
Shares in Lloyds Banking Group slipped on Wednesday morning as the bank updated the market on its third quarter performance and its progress in dealing with the long-running payment protection insurance scandal.
BlackRock has reported net flows of $70bn during its third quarter but this was not enough to prevent a 3% fall in revenue to $2.837bn compared with last year’s third quarter.