Tilney loses more staff to Charles Stanley’s Scottish expansion
Wealth manager is seeking further hires for its new Aberdeen office
Wealth manager is seeking further hires for its new Aberdeen office
The fund groups with the most assets under management in ‘Spot the Dog’ funds
Though it is still early days for the digitalisation of the wealth management industry, some commentators have argued that firms which aren’t investing in tech now may as well shut up shop.
Tilney Group’s profits doubled from £43m in 2016 to £86.6m for the year to December 2017, boosted by rising assets and fees from financial planning and investment management.
An economics consultancy has warned that ETFs contain a design flaw and could well be the catalyst for the next financial crisis.
Tilney has ditched Neil Woodford’s flagship fund from its buy list due to performance and liquidity concerns, echoing sentiment from other platforms that have dropped the UK equities manager.
Charles Stanley has nabbed three people from Tilney in a bid to boost its presence in Scotland.
Wealth manager Tilney has “eliminated the low-hanging fruit” and reduced the number of funds it holds in its portfolios from 70 to 30.
The continued flow of investor cash into equities has been based on improving fundamentals rather than any “fear of missing out”, according to Tilney’s investment chief.
Tilney Group has strengthened its investment research team with the appointment of a senior fund analyst.
Tilney Group has reportedly submitted a last-minute bid for rival Smith & Williamson to derail its imminent merger with Rathbones.
Is there a potential conflict of interest arising from investment platforms or “fund supermarkets” recommending their own products to clients?