WH Ireland CEO makes quick exit as AUM falls
WH Ireland CEO Richard Killingbeck is stepping down, as the company’s assets under management fall to £2.6bn in its results for the 16 months to March.
WH Ireland CEO Richard Killingbeck is stepping down, as the company’s assets under management fall to £2.6bn in its results for the 16 months to March.
WH Ireland’s head of wealth management has left the firm over a difference of opinion regarding the strategic direction of the private wealth management division.
Wealth managers have moved into the real estate investment trust space as valuations have been depressed amid the uncertainty over Brexit, but is looking at discounts the best way to assess buying opportunities or could investors fall into a value trap?
During the past month, 80 out of the 101 funds in the Targeted Absolute Return sector lost money, leading investors to question, as volatility makes a comeback, whether they are too correlated with stock markets.
Unexpected costs in implementing Mifid II changes have hit profits at WH Ireland over the past year despite revenue improving, the firm said on Friday.
WH Ireland’s discretionary assets have grown 8% to £1.1bn, while the firm has begun transitioning admin and custodial duties to tech platform SEI.
WH Ireland wealth management head Roderick Buchanan talks about overhauling the business, embracing the digital age and why a ‘sensible’ investment style is best for clients.
WH Ireland’s head of wealth management Roderick Buchanan has been regaining confidence in European equities in spite of “huge” political risks.
WH Ireland shares lost most of the ground secured yesterday, falling 11.5% to 112.8p during morning trading, despite Kuwaiti European Holding confirming its acquisition of a stake in the firm.
WH Ireland shares soared after the City broker confirmed rumours that Kuwaiti European Holdings was looking to acquire a stake in the business.
Wealth management businesses will look very different in five years’ time, said, Richard Killingbeck.
WH Ireland reported an operating loss of £1.7m for the six months to end May 2016 driven by lower transactional costs, expenses relating to an FCA investigation and ongoing one-off restructuring costs.