Robo-advisers will struggle to make profit, says Morningstar
Robo-advisory firms will have to eat through all of the capital they raised in order to reach a profitable scale, according to fund research firm Morningstar.
Wealth Management
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Pa analysis: harwood/wellian tie up a sign of things to come
Harwood Capital’s acquisition of Wellian Investment Solutions is by no means on a par with the Old Mutual’s acquisition of Quilter Cheviot. Nor is it of a size similar to Towry’s purchase for £97m of AIM-listed Ashcourt Rowan. But, what the deal lacks in size, it could well make up for in intent and symbolism.
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Clearing the active passive fog around increasingly blurred lines
Post-RDR, the passive and active camps have both moved on, with debates around active share, index biases and cost all coming to the fore in the spirit of innovation.
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Wealth managers face it squeeze from ‘very tight’ mi fid ii timeline – wma
The time line for the roll-out of the implementation of MiFID II does not leave a lot of breathing room for wealth managers to get their technology up to speed, the Wealth Management Association said.
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PA ANALYSIS: The dangers of the model portfolio gold rush
A model portfolios boom is well under way and it seems to be picking up pace.
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Saunderson house unveils discretionary service
Saunderson House is to roll out a discretionary management service by the end of 2015, the firm announced in its interim management statement.
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Charles stanley strikes deal with panmure gordon
Charles Stanley has entered into an exclusive agreement with Panmure Gordon to sell off the Charles Stanley Securities unit, excluding the equity sales trading operations.
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UBS Wealth Management drives 88% profit surge
UBS Wealth Management helped propel group profits 88% higher in the first quarter, the firm announced in its quarterly statement.
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Wealth managers have no need to fear the rise of robo advice… yet
The rise in robo-advice should not be ignored by the likes of Hargreaves Lansdown and St James’s Place, but it is unlikely to have a major impact on their operations in the next few years, Numis said
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Smith & Williamson IM adds an associate director
Smith & Williamson Investment Management has appointed Lucy Mitchell as an associate director.
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Credit suisse profit boosted by wealth management
Credit Suisse has announced first quarter profit up 23% on this time last year to CHF 1.1bn, in large part due to its wealth management division.
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Experts divided on ‘slimmed down’ pensions advice
Advisers should tweak their mandates to capitalise on the wave of fresh money coming from lower net-worth individuals in the new pension environment, according to FEIFA’s Paul Stanfield.