IFA firm acquisition costs face ‘upward pressure’ – AFH
Private equity and product providers are driving up the cost of buying bigger IFA businesses, according to serial acquirer AFH Wealth Management.
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Mattioli Woods suspends DB transfer advice service
Mattioli Woods has stopped providing pension transfer advice service to individuals with safeguarded benefits as the wealth manager undertakes a full review of its work in the area.
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Don’t KID yourself that VCTs are low risk
European regulatory disclosure focused around Key Information Documents is creating confusing messages around risk, argues Association of Investment Companies communications director Annabel Brodie-Smith.
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Polar Capital raids Nordea for EM fund launch
Polar Capital has poached four members of Nordea Asset Management’s emerging markets equities team, including group head Jorry Rask Nøddekær, to launch its debut fund.
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Schroders manager exits for new career
Schroders fund manager Steve Cordell is leaving the asset management industry two months after he was dropped as manager on the European Opportunities fund.
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AFM board independence falls short as FCA pushes US model
Authorised fund managers (AFM) will have to have more than double the number of independent directors on their fund boards as the UK regulator adopts aspects of the US fund governance model.
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Schroders trust faces discount on forced selling
The Schroders UK Growth trust could experience a widening of the discount if investors using the company’s Isa scheme are forced to sell the investment trust when management transitions to Baillie Gifford.
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FTSE and US shine in tough month for Latam
The FTSE 100 and North American funds were the stand-out market performers in May, but Latin American funds struggled as a confluence of factors hit Brazil’s economy hard.
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Unloved UK: the eight most-shorted domestic stocks
In an already unloved market, which listed-British mainstays have fallen the most out of favour so far this year? Portfolio Adviser takes a look at Canaccord Genuity Wealth Management’s annual Get Shorty report.
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Aberdeen Standard offers attractive yield with China bond fund
Asset manager Aberdeen Standard Investments has launched the Aberdeen Global – China Onshore Bond Fund, which promises investors attractive yield and low correlation.
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C Hoare scion acquires stake in Jersey benchmarking business
The former heads of C. Hoare & Co Wealth Management, James Hoare and Annamaria Koerling, together with Andrew de la Haye, deputy managing director of First Names Group, have acquired a majority stake in index provider Enhance MPI.
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China’s MSCI inclusion: Big step, little change
Index provider MSCI has formally included about 230 China A-shares into its three widely-tracked indices, but fund managers see a minimal impact on the A-share market.
