Vix hits 25-year low despite political turbulence
Volatility hit a 25-year low last week despite major political events continuing to pose headwinds to the market.
Volatility hit a 25-year low last week despite major political events continuing to pose headwinds to the market.
St James’s Place has partnered with London FinTech group Flagstone to offer clients a new online cash management platform.
St James’s Place (SJP) has reported net inflows of £1.99bn in the first quarter, bringing assets under management (AUM) to £79.84bn.
Bernstein has rated Hargreaves Lansdown (HL) shares ‘underperform’ with its current valuation of 31x forward-looking price/earnings failing to reflect a slowdown in asset flows.
Shares in St James’s Place (SJP) were down 2.6% at 1060p Tuesday morning, following news that chief executive David Bellamy plans to step down after 26 years at the firm.
Rowan Dartington has announced former Tilney Bestinvest man Peter Roper has been hired as an investment manager and will spearhead a move into the Scottish capital.
Shares in St James’s Place jumped 3.3% to 980p during the opening minutes of trading following reports of its healthy year-on-year growth in funds under management.
Rowan Dartington has registered a year-to-date FUM increase of 25%, buoyed by its private client, IFA and international businesses, as well as funds from parent St James’s Place.
St James’s Place-owned Rowan Dartington has continued its hiring spree with the recruitment of two private client hires in Leeds and Ipswich.
Fresh from an acquisition spree in the UK, St James’s Place is taking its pioneering business model east in its next phase of growth
First State Stewart and Aberdeen have long been the big names to trust in Asian and emerging market investing but wealth managers have a valid case for replacing them in portfolios.
St James’s Place has increased its interim dividend by 15% despite reporting a profit drop in the second quarter.