‘Mad’ bond demand a sign of extreme times
Wealth firm Andrews Gwynne has branded demand for some bond products “mad” and a sign of how extreme markets have become.
Wealth Management
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Mattioli hungry for more M&A as revenue hits £50m
Mattioli Woods’ total revenue broke through the £50m mark in 2017, as the specialist wealth manager confirmed that M&A remains a “core part of its growth strategy.”
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Lloyds Bank may expand into wealth management and pensions
UK high street bank Lloyds, which owns Scottish Widows, may be about to announce a major push into pension and investment products as part of a three-year growth plan.
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PA ANALYSIS: St James’s Place – is the criticism valid?
As St James’s Place Wealth suffers another week of grim headlines about its charges and advice model, is now the time for rival IFAs and restricted advisers to win business and clients off what is arguably the market leader?
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Lombard Odier’s Monier on taking a bolder approach to risk
Wealth management’s own Phileas Fogg, Lombard Odier’s Stéphane Monier has had a well-travelled career and is now adding some intercontinental spice to private banking.
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Upbeat asset and wealth managers behind the times on AI
Asset and wealth managers are more upbeat about their prospects than other sectors of the financial services industry, but are lagging others technologically according to the CBI/PwC Financial Services Survey.
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PA ANALYSIS: Will wealth managers avoid scrutiny on charges?
Has the FCA asset management review missed a trick by not expanding its demands for transparency to wealth management?
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MetLife closes wealth management arm to new business
MetLife UK is closing its range of third-way “wealth management” retirement products to new business citing the ongoing low interest rate environment.
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Santander unveils private client business
Santander has enhanced its wealth management capabilities by launching a private client offering.
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Tidal wave of wealth transfer ‘to boost economy by £677bn a year’
Upcoming wealth transfer of £2.8trn from the older to younger generation will boost the UK economy by £677bn a year, according to research.
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PA ANALYSIS: How are today’s wealth managers using ETFs?
Assets in exchange traded funds sailed past the $4trn mark globally last month, indicating their increasing popularity among investors worldwide.
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FCA alumnus Percival hits out at flawed risk tools
Former FCA technical specialist Rory Percival has warned UK risk-profiling tools are offering wildly disparate asset allocation advice.
