Watchdog reveals scope of investment consultant probe
Conflict of interests and barriers to entry in the investment consultant world are set to come under the scrutiny of a government watchdog investigation.
News
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Brooks Macdonald breaks £10bn milestone and dumps property arm
Funds under management soared 26% at Brooks Macdonald over the last year, with the wealth manager selling off its property management business.
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Dighe’s replacement at Miton revealed as profits dip
James Neilson Pettigrew will join Miton as chairman in November according to the firm’s half-year results, which revealed profits dipped in the first half of the year.
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Franklin Templeton loses head of institutional
Jill Barber is leaving her role as head of UK institutional at Franklin Templeton Investments next month.
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Neuberger Berman snatches up Toronto quant firm
Neuberger Berman has acquired Canadian Breton Hill Capital in an attempt to boost its quantitative investment proposition.
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Fed to taper next month; December rate hike expected
The US Federal Reserve has left the Fed Funds Rate unchanged at 1-1.25%, but announced it will begin to unwind its quantitative easing programme in October.
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Quilter Cheviot boosts private client business with triple hire
Mats Arthursson, Suneet Kumar and James Gatehouse will form a new investment management team focusing on private clients, bringing the total number of London-based investment managers to 69. The team will be led by Arthursson who joins the firm in October from Arbuthnot Latham where he was a director of investment management. He will report to…
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S&W adds to outsourcing team with Barings hire
Smith & Williamson has strengthened its outsourced investment services team with the hire of Matthew Finch from Barings.
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Platform backs blockchain as key to costly asset transfer market
SEI Wealth has revealed plans to transform the “error-prone” asset transfer market by harnessing blockchain technology.
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Six of the best impact ETFs
As the proportion of socially responsible assets has soared, from 3.4% in 2014 to 22% today, the range of ETFs designed to capture this demand has grown. Sam Dickens, assistant portfolio manager at IG, looks at some of the best impact ETFs on offer.
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European Wealth CEO departs as losses deepen
A statement on the London Stock Exchange on Wednesday confirmed Morton’s departure from the wealth and advice group. It read: “John was instrumental in establishing the company in 2010 and is the last founder of the group still serving on the board. “In the seven years of his stewardship, the business has built assets under management…
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Sentiment to UK worse than after Brexit vote
The UK remained an unpopular place for investors to park their cash in September, as lingering uncertainty regarding the shape of the Brexit deal continued to spark anxiety about the region’s long-term prospects. The UK equities sector was the biggest loser by far, falling 3.20 percentage points (pp) in investors’ estimation to 1.55% between August and September, its…
