Canaccord snaps up Thomas Miller’s wealth arm for £28m
Deal will see transfer of £1bn in assets
Deal will see transfer of £1bn in assets
Money market funds have been out of favour on the back of low interest rates
Discretionary fund managers’ lack of willingness to use investment companies in model portfolios is hindering their adoption on advised platforms, according to the Lang Cat.
Despite Brexit uncertainty and a more dovish tone from the Bank of England (BoE), many managers are arguing that now is the time to embrace the big four UK banks as a cheap, tactical value play.
Investors were divided on chancellor Philip Hammond’s changes to the Enterprise Investment Scheme (EIS), with the naysayers criticising it for failing to tackle potential market abuse and others optimistic that it will provide greater incentive to aid fledgling businesses.
The investment industry has been venting its frustration over the Bank of England’s “wait and see” stance to a rate hike for some time now. But are the calls for hawkish action actually justified?
Thomas Miller Investments’ client relationship management has gone digital as it prepares for the further growth of its wealth management arm.
Thomas Miller Investment’s Andrew Herberts has reduced his exposure to passive funds, arguing that now is the right time for UK active managers to prove their worth.
Thomas Miller Investment has begun a significant restructuring of its investment management business.
Thomas Miller has hired Hugh Titcomb, as CEO of its investment management arm, the firm said on Monday.
Mike Balfour is to leave his post as CEO of Thomas Miller Investment at the end of January 2016, the firm announced on Wednesday.
With the Financial Advice Market Review now fully in motion following the first consultation, advisers are bracing themselves yet another potential shift in the ever-changing industry landscape.