Charles Stanley has cut its total dividend for the year to end March 2015 to 5p per share and is planning a £15.8m share placing in an effort to rebuild its capital levels and refocus the business.
Bellpenny has said it intends to buy a further ten businesses by the end of 2015, following the completion of its latest wealth management acquisition.
Deutsche Asset & Wealth Management, the wealth management arm of Germany’s Deutsche Bank, said it had listed Europe’s first exchange traded fund to cover equities in the Middle East Gulf region, which will include Saudi Arabia.
Rathbones multi-asset head outlines his willingness to use the phone book and kiss some frogs to find new investment opportunities
Demographics and regulatory issues are likely to continue to drive M&A within the wealth management space, says Bellpenny CEO, Kevin Ronaldson.
While a few notes of caution were raised in the spate of wealth manager results released in the last few days, the outlook is generally fairly sanguine.
According to Brewin Dolphin, it remains on track to finalise its new advisory pricing structure by year-end but has seen outflows from the business as a result.
Despite improved cost control and an increase in assets under management, the groups wealth management division saw earnings fall.
Ashcourt Rowan announced today COO, Richard Sinclair, has stepped down with immediate effect.
A move away from third-party administration and a continued reorganisation of the business has reaped rewards.
Schroders is among the new investors in an online wealth management platform called Nutmeg.
The wealth manager saw a 215% jump in pre-tax profits as redundancy costs fell and discretionary AUM rose.
