Activist investor praises SJP for co-operating over costs and profitability concerns
Primestone Capital had accused wealth manager in October of fostering a ‘high cost culture’
Primestone Capital had accused wealth manager in October of fostering a ‘high cost culture’
AJ Bell goes on a hiring spree while established players SJP and Quilter have been more cautious
‘Not in a million years did I consider financial advice when I was playing professionally’
But commentators admit arguments against wealth manager’s high cost base have merit
But FTSE 100 firm still manages to beat out peers like Brooks and Rathbones, which suffered outflows in Q3
Annual operating expenses per adviser have risen to £96,500
AUM spikes 40% to £15.6bn after being broadly flat the year before
‘If I can help people out on their journey, I’m happy to do that’
Philip Cox recommended clients invest in his friend’s start-up that later went bust
Wealth manager joins forces with State Street Global Advisors to launch trio of funds
Emma Hunt had joined the wealth manager in early 2019
Bestinvest names and shames a record 150 funds in its latest Spot the Dog report