Latest News
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Newly formed Quanta Group acquires Craven Street Wealth
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Evelyn Partners reports record AUM amid wealth focus
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Average financial adviser fees increase by 9bps
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Shackleton adds £200m AuM with PK Group acquisition
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Advisers see surge in IHT advice demand
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Govt confirms work on ISA reform and targeted support in ‘low-key’ Spring Statement
Archive News
The average ongoing advice fee has increased by 9 basis points (bps) since 2023, NextWealth’s new Fee Benchmarking report has found
Posted: 28/3/25
Evelyn Partners’ assets under management (AUM) increased by £3.9bn in 2024 to a record £63bn, as the firm focused in on his wealth business, its annual report has revealed
Posted: 28/3/25
Newly formed next-generation financial services group, Quanta Group, has acquired independent financial planning business Craven Street Wealth
Posted: 28/3/25
Advisers have reported a surge in demand for inheritance tax (IHT) planning advice, with new clients accounting for most of the enquiries, research by Downing has found
Posted: 28/3/25
Independent financial adviser (IFA) and wealth management firm Shackleton has completed the acquisition of PK Group
Posted: 28/3/25
Property wealth management firm Maritime Capital has announced a strategic collaboration with MEUM Group, a provider of bespoke concierge services to high net worth (HNW) clients
Posted: 26/3/25
UK-based Lombard lending fintech firm Firenze has successfully closed a £2.5m seed funding round
Posted: 26/3/25
The Office for Budget Responsibility (OBR) has increased its estimate on inheritance tax (IHT) receipts between 2024/25 and 2029/30 to £66.8bn, its Spring Statement forecast has revealed
Posted: 26/3/25
The government has confirmed it is looking at reforms to ISAs and working on delivering a targeted support system, in a Spring Statement that was relatively quiet on major policy announcements
Posted: 26/3/25
The Financial Conduct Authority (FCA) has launched its five-year strategy and outlined the next steps in its Consumer Duty rule review
Posted: 26/3/25
Quilter Cheviot has launched a new client app and portal to support clients in keeping track of their investments
Posted: 26/3/25
Wealth managers are expecting continued strong growth this year, with firms forecasting an average increase in assets under management (AUM) of 13.7 per cent, according to Natixis Investment Managers (IM)
Posted: 26/3/25
PIMFA WealthTech and Morningstar have partnered to launch a competition for fintech firms, seeking to explore how wealth management and financial advice companies can leverage AI to enhance operational efficiency
Posted: 26/3/25
Less than two fifths (39 per cent) of UK adults aged 50 and over took advice from a financial adviser before taking money out of their pension, research from Royal London has revealed
Posted: 25/3/25
Rathbones Group has announced that its group chief executive, Paul Stockton, will retire on 30 September 2025 after 16 years with the firm
Posted: 25/3/25
Elston Consulting has launched a direct gilts research service for financial advisers looking to make individual gilts recommendations
Posted: 25/3/25
Nearly three quarters (71 per cent) of financial advisers are concerned about pensions being brought into scope of inheritance tax (IHT) from 2027, research from Quilter has found
Posted: 25/3/25
Insurance and employee benefits intermediary group Howden has agreed to acquire UK professional services consultancy firm Barnett Waddingham for an undisclosed amount
Posted: 25/3/25
A rise in pension wealth drove median household wealth to increase between April 2020 and March 2022, although household wealth fell slightly when private pensions were excluded, according to government data
Posted: 24/3/25
Two-fifths (40 per cent) of female business owners plan to pass their business down to children or other close relatives when thinking about exit strategies and succession planning, research from Charles Stanley has found
Posted: 24/3/25
Investors need to innovate and be agile to be able to navigate the ongoing global uncertainties, according to HSBC Global Private Banking
Posted: 24/3/25
Quilter’s WealthSelect managed portfolio service (MPS) has reduced its exposure to government bonds following a “sharp rally” in prices in recent weeks
Posted: 24/3/25
UK investors have been increasing their portfolio allocations to small and mid-cap equities, as they seek to find the ‘winners’ in an uncertain investment environment, according to a report from Janus Henderson
Posted: 21/3/25
The Association of Investment Companies (AIC) has published updated guides on investment companies for financial advisers and other investment professionals
Posted: 21/3/25
The government has been urged to support the alternative investment market (AIM) following changes to the inheritance tax (IHT) treatment of AIM shares
Posted: 21/3/25
The government’s inheritance tax (IHT) receipts reached £7.6bn in the 11 months to February 2025, beating the previous record annual tax take with a month of the tax year still remaining, the latest figures from HMRC have shown
Posted: 21/3/25
The Financial Conduct Authority’s (FCA) proposals on its product information framework for consumer composite investments (CCI) are “overly complex and prescriptive”, and represent a “missed opportunity”, trade association PIMFA has stated
Posted: 20/3/25
Former Amicus Wealth advisers, James Harvey and Archie Wilson, have launched a new wealth management firm named Forseti Wealth Partners
Posted: 20/3/25
The UK may have reached a tipping point in wealth outflows amid an ‘accelerated exodus’ of high net worth individuals (HNWI), according to Utmost Wealth Solutions global wealth specialist, Marc Archeson
Posted: 20/3/25
The Financial Conduct Authority (FCA) has granted approval for the launch of Aegon Asset Management’s (AM) first Long-Term Asset Fund (LTAF)
Posted: 20/3/25
The latest appointments in the wealth management industry
Posted: 20/3/25
Advised platforms’ assets rose by 12.5 per cent in 2024 despite an increase in outflows, analysis from The Lang Cat has found
Posted: 19/3/25
Defaqto has published a list of the best-performing portfolios over the past five years, recognising the most consistently strong-performing managed portfolio service (MPS) solutions
Posted: 19/3/25
The Association of Investment Companies (AIC) has published its updated ‘dividend hero’ list, with the addition of Murray International Trust bringing the number of trusts in the list back up to 20
Posted: 18/3/25
Fund, corporate, and family office solutions provider Altum Group has received authorisation from the Financial Conduct Authority (FCA) to act as an alternative investment fund (AIF) depository and collective investment scheme (CIS) operator
Posted: 18/3/25
Almost a third (31 per cent) of independent financial advisers (IFAs) see succession planning as "vital", research by ValidPath has found
Posted: 18/3/25
The Financial Conduct Authority (FCA) has fined Odey Asset Management (OAM) founder, Crispin Odey, £1.8m and banned him from the UK financial services industry for “a lack of integrity”
Posted: 18/3/25
The Treasury has unveiled its plans to reform the regulatory system as it seeks to ensure that regulators and regulations support growth in the UK economy
Posted: 18/3/25
TrinityBridge, formerly known as Close Brothers Asset Management, has announced a £35m investment programme to upgrade its technology and operations infrastructure
Posted: 18/3/25
M&G has announced the launch of the M&G (Lux) China Corporate Bond Fund, expanding its range of global fixed income offerings to external clients
Posted: 17/3/25
Isle of Man-based Boston Multi Family Office has completed the acquisition of family office and fiduciary business Aqua Group
Posted: 17/3/25
The world's 500 largest family businesses generate $8.8trn in revenues, a 10 per cent increase compared to 2023, analysis from EY and the University of St. Gallen has shown
Posted: 17/3/25
Global public and private assets have fallen by $3.4trn in March 2025 so far, almost halving the gains seen in January and February, analysis by Ocorian has revealed
Posted: 17/3/25
MorganAsh has launched a series of workshops on customer vulnerability to help firms meet the requirements of Consumer Duty
Posted: 13/3/25
The latest appointments in the wealth management industry
Posted: 14/3/25
Supply chain issues are creating significant disruption and adversely impacting businesses and portfolio companies used by wealth managers and family offices, according to Ocorian
Posted: 14/3/25
Invesco has announced the launch of the first UCITS ETF to track the performance of the MSCI Europe Equal Weighted Index
Posted: 14/3/25
Over eight in ten (83 per cent) high net worth individuals (HNWIs) are expecting taxes to rise further in the next 12 months, a new study by Saltus has indicated
Posted: 13/3/25
Standard Chartered Global Private Bank has launched the Private Markets Co-Investment Club (CIC) for ultra high net worth (UHNW) clients, with plans to expand into the UK
Posted: 13/3/25
Investment manager Intrinsic Capital has chosen BNY Pershing to provide it with end-to-end wealth solutions
Posted: 13/3/25
The Financial Conduct Authority (FCA) has confirmed it is dropping its proposal to move from an exceptional circumstances test to a public interest test for announcing investigations into financial services firms
Posted: 13/3/25
Fund outflows returned in January after two consecutive months of inflows as investors faced “increased uncertainty”, data from the Investment Association (IA) has revealed
Posted: 12/3/25
St. James’s Place (SJP) has announced it is switching to a multi-manager approach for its £1.9bn Global Smaller Companies fund
Posted: 12/3/25
WisdomTree has expanded its thematic range with the launch of two new exchange-traded funds (ETF), including a ‘world first’ European Defence ETF
Posted: 12/3/25
The pensions and tax industries are strongly opposed to the government’s proposal to bring unspent pension pots into the scope of inheritance tax (IHT) from April 2027, according to survey from WBR Group
Posted: 11/3/25
Investment confidence among UK adults increased by 25 per cent year-on-year in 2024, research by Moneybox has revealed
Posted: 10/3/25
The changes to inheritance tax (IHT) announced in the Autumn Budget have resulted in a “significant shift” in the advice that independent financial advisers (IFA) are giving to their clients, research from Standard Life has found
Posted: 10/3/25
The latest appointments in the wealth management industry
Posted: 11/3/25
There has been a shift in the ownership of investment companies away from wealth managers and towards institutions and private investors, the Association of Investment Companies (AIC) has revealed
Posted: 11/3/25
JBI Metia has partnered with the business intelligence arm of The Economist Group, EIU, to launch a data insights platform aimed at wealth managers
Posted: 11/3/25
Family offices are planning to broaden their exposure to real estate as they look for capital growth and wealth preservation, according to report from Knight Frank
Posted: 10/3/25
The gender wealth gap remains significant in the UK, with women holding an average of £41,000 less in financial assets than men, according to a study by Handelsbanken Wealth & Asset Management
Posted: 10/3/25
Nearly two fifths (38 per cent) of entrepreneurs in the UK are planning to explore the sale of their business earlier than expected due to the tax changes announced in the Autumn Budget, research by Brown Shipley has revealed
Posted: 10/3/25
Private banking and wealth management group J. Safra Sarasin has reached an agreement to acquire a majority stake in fintech bank Saxo Bank
Posted: 10/3/25
The gender investment gap is “set to narrow” in 2025 as more women are planning to take on greater investment risk than men, according to analysis from digital wealth manager Nutmeg
Posted: 7/3/25
The wealth gap between UK households who receive financial advice and those who have no financial plan in place is around £155,000 on average, research from St James’s Place (SJP) has shown
Posted: 7/3/25
Investors should look to allocate assets by sector as it can offer more scope for diversification than by country or region amid the rise of the ‘Magnificent 7’, globalisation and market concentration, Asset Risk Consultants (ARC) has stated
Posted: 7/3/25
Seven in 10 (70 per cent) of financial planning firms have a positive outlook for growth over the next 12 months, research by Saltus has revealed
Posted: 7/3/25
Close Brothers Asset Management has been renamed to TrinityBridge following the completion of its sale by Close Brothers Group
Posted: 7/3/25
Wealth managers and family offices are set to increase outsourcing and widen their investment focus as economic and geopolitical risks continue to rise, according to Ocorian
Posted: 6/3/25
Criterion has developed its new Letter of Authority (LoA) Data Checklist, aiming to support financial advisers and drive industry innovation
Posted: 6/3/25
Fidelity International has announced its intention to adopt the Sustainability Mixed Goals label under the Sustainability Disclosure Requirements (SDR) regime for three funds in its UK-domiciled multi-asset range
Posted: 6/3/25
Aegon has partnered with Utmost Wealth Solutions Ireland to expand its offshore bond partnerships on the Aegon Retirement Choices (ARC) platform
Posted: 6/3/25
The Financial Ombudsman Service (FOS) received 68,430 complaints in the final three months of 2024
Posted: 4/3/25
Accenture has acquired Altus Consulting from Equisoft for an undisclosed amount, as it seeks to strengthen its strategic advisory and delivery services for financial services firms in the UK
Posted: 5/3/25
Investment firm Abrdn has announced it is rebranding to Aberdeen Group and will use the name Aberdeen as its principal trading identity for its investments and adviser businesses
Posted: 5/3/25
St. James’s Place (SJP) has selected Royal London Asset Management (RLAM) to run its £4.6bn Strategic Managed fund
Posted: 5/3/25
Private investment firm Aquiline has announced it has reached a definitive agreement with SEI to acquire its family office services business for $120m
Posted: 4/3/25
Quilter Cheviot has expanded the availability of its International Managed Portfolio Service (MPS) to international clients through the Morningstar Wealth Platform
Posted: 4/3/25
Origo has announced the launch of its Unipass Transfer Tracking service for advisers to monitor the progress of their clients’ pension transfers online
Posted: 4/3/25
Partners Wealth Management (PWM) has completed the acquisition of Scotland-based wealth management business Johnston Carmichael Wealth
Posted: 4/3/25
The Financial Conduct Authority (FCA) has charged two individuals that worked for Nexus Independent Financial Advisers (IFA) and Nexus Investment Managers (IM) with multiple counts of fraud
Posted: 4/3/25
The shortlist for the Wealth and Asset Management Awards 2025 has been announced, showcasing the firms and individuals that have excelled in the wealth and asset management sectors over the past 12 months
Posted: 3/3/25
Six in 10 (60 per cent) UK-based high net worth individuals (HNWI) are considering taking up residency in a different country over the next 12 months, although the UK remains attractive to overseas ultra HNWIs considering a move, according to a report from HSBC
Posted: 3/3/25
The sale of Close Brothers Asset Management (CBAM) to funds managed by Oaktree Capital Management has been completed, with the business becoming an independent wealth management firm
Posted: 3/3/25
Financial services firm ING has acquired a 17.6 per cent stake in Dutch wealth management company Van Lanschot Kempen
Posted: 3/3/25
Aviva saw record-high net flows into its wealth business in 2024, which rose by 23 per cent year-on-year, its annual results report has revealed
Posted: 28/2/25
Standard Life is looking to grow its offshore bond business after securing three new platform positions for its International Bond
Posted: 27/2/25
Almost a quarter (23 per cent) of Article 8 funds are still at risk of greenwashing, according to analysis from MainStreet Partners
Posted: 27/2/25
The latest appointments in the wealth management industry
Posted: 28/2/25
Individuals should act quickly to make the most of their ISA allowance amid rumours that the Chancellor is considering reducing the cash ISA tax-free allowance to £4,000, according to Wealth at Work
Posted: 27/2/25
A trial has been scheduled for September 2027 at Southwark Crown Court in the criminal proceedings brought against former WealthTek LLP principal partner, John Dance
Posted: 27/2/25
Less than half (43 per cent) of financial services firms have a ‘well-developed’ artificial intelligence (AI) strategy, despite all feeling confident that they are prepared for the technology, according to research by Forvis Mazars
Posted: 27/2/25
There is a widespread wealth perception gap in the UK, with people underestimating their earnings relative to their peers by an average of 30 percentage points, a report from HSBC has found
Posted: 27/2/25
The latest appointments in the wealth management industry
Posted: 26/2/25
Fintech firm Firenze has entered into a strategic partnership with Monument Bank to expand its Lombard lending access to wealth management clients
Posted: 26/2/25
The Financial Conduct Authority (FCA) has granted approval for Schroders Greencoat to launch the UK’s first infrastructure Long-Term Asset Fund (LTAF) focused on the UK wealth market
Posted: 26/2/25
The total value of investors’ wealth in poorly performing equity funds has increased by 26 per cent over the past six months, despite the number of funds remaining the same, according to a report from Bestinvest
Posted: 26/2/25
Canaccord Genuity Wealth Management has completed the acquisition of Brooks Macdonald Group’s international arm, Brooks Macdonald Asset Management (International) Limited (BMI) for up to £50.85m.
Posted: 25/2/25
Investment outsourcing has soared on the Quilter platform over the past five years amid a “significant” waning in adviser appetite to run their own portfolios, data from the platform has shown
Posted: 25/2/25
The Jersey-based subsidiary of Evelyn Partners, Evelyn Partners International, has relocated to a new office in St. Helier
Posted: 25/2/25
Financial advisers are delivering suitability reviews in the vast majority of cases assessed in the Financial Conduct Authority’s (FCA) review of ongoing advice, the regulator has revealed
Posted: 24/2/25
Cazenove Capital, the high-net-worth wealth management arm of Schroders in the UK, has partnered with independent charity Entrepreneurial Scotland
Posted: 24/2/25
Professional investors are increasingly looking towards active exchange-traded funds (ETF) over other investment vehicles, according to Fidelity International’s Professional Investor DNA Survey
Posted: 24/2/25
HMRC’s inheritance tax (IHT) receipts reached £7bn between April 2024 and January 2025, an 11 per cent increase on the same period in 2023/24, its latest data has shown
Posted: 24/2/25
Higher earners are “squandering an opportunity” to get back on track with their retirement savings and long-term financial planning, Hargreaves Lansdown has warned
Posted: 24/2/25
There is ongoing confusion among industry professionals around the government's plans to bring pensions into the scope of inheritance tax (IHT), research from Sackers has found
Posted: 21/2/25
The Financial Conduct Authority (FCA) has continued to face a backlash over its plans to ‘name and shame’ firms, under which the regulator would change its approach to publicising enforcement action
Posted: 21/2/25
Investors are becoming significantly more proactive, trading with more frequency and reducing average holding periods across key asset classes, global funds network Calastone has stated
Posted: 21/2/25
This is the last chance for companies and individuals to enter the Wealth and Asset Management Awards 2025, with the final deadline closing on Monday 24 February
Posted: 21/2/25
The latest appointments in the wealth management industry
Posted: 20/2/25
HSBC is expecting double-digit percentage average annual growth in fee and other income in its wealth business over the medium term
Posted: 20/2/25
Private banking firm Edmond de Rothschild has become a majority shareholder in London-based wealth manager Hottinger & Co, increasing its stake in the firm to 70 per cent
Posted: 20/5/25
Mercer has reached an agreement to acquire Secor Asset Management for an undisclosed amount
Posted: 20/2/25
UK disability charity Scope has appointed Cazenove Capital, the wealth management business of Schroders, as its new investment manager
Posted: 20/2/25
More than nine in 10 (93 per cent) high net worth individuals (HNWI) have seen their lifestyle and financial planning impacted by the current higher interest rate environment and continuing rise in the cost of living (CoL), analysis from Saltus has found
Posted: 19/2/25
Wealth advisers have been encouraged to talk about philanthropy with their clients, as while high net worth individuals (HNWI) are increasingly considering giving as part of their investments, it is still viewed with “cynicism” in the UK, according to the Charities Aid Foundation (CAF)
Posted: 19/2/25
Wealth management firm Nova Wealth has become a B Corporation for its efforts in attracting under-represented talent to the industry
Posted: 19/2/25
Rising demand for financial advice and keeping up with regulatory changes are impacting the amount of time advisers have to spend with their clients, research from The Exeter has found
Posted: 19/2/25
Shareholders have voted against Saba Capital Management’s board change proposals at the Edinburgh Worldwide Investment Trust general meeting
Posted: 18/2/25
The Financial Conduct Authority (FCA) has charged a Hampshire-based independent financial adviser (IFA) with multiple criminal offences, including fraud by abuse of position and providing false or misleading information to the regulator
Posted: 18/2/25
More than half (54 per cent) of UK adults are planning to adjust their retirement or estate planning in response to the government’s inheritance tax (IHT) changes on pensions
Posted: 18/2/25
Quilter Cheviot’s sustainable investment team has added three new holdings to its Climate Assets Balanced fund
Posted: 18/2/25
The majority of investors are aware of the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirement (SDR) labels, but vague wording and jargon are hindering investment in sustainable funds, according to the Investment Association (IA)
Posted: 18/2/25
Legal & General (L&G) has announced the launch of three new index funds to bolster its proposition for UK and European investors
Posted: 14/2/2025
Fund managers are expecting significant increases in inflows and product launches in 2025, as they look to capitalise upon growing investor appetite for alternative assets and ETFs, new research from Carne Group has indicated
Posted: 14/2/2025
The lang cat’s reg tech reporting and research solution, Analyser, has integrated with webapp, ZeroKey, to allow advisers to add clients without manual data entry
Posted: 14/2/2025
Benchmark Capital has reached an agreement to acquire Robertson Baxter for an undisclosed amount
Posted: 14/2/2025
Trade body PIMFA has urged the Financial Conduct Authority (FCA) to ensure that the value of financial advice remains “obvious to consumers”, and that the boundary is not “further blurred”
Posted: 13/2/2025
The Platforms Association has confirmed the appointments of four new board members
Posted: 13/2/2025
Overall confidence in the UK economy has halved in less than six months among high-net worth individuals (HNWIs), according to the latest Wealth Index Report from Saltus
Posted: 13/2/2025
Lumin Wealth has announced the acquisition of Professional Financial Centre (PFC), a Berkhsire-based financial advice firm, for an undisclosed sum
Posted: 13/2/2025
Evelyn Partners has reported that its gross inflows totalled a record £8bn across 2024, with an annualised growth rate of 13.5%
Posted: 12/2/2025
The Institute for Fiscal Studies (IFS) has urged the Government to take action to stop and reverse the proliferation of small pension pots
Posted: 12/2/2025
The Government’s attempt to tweak its overhaul of non-dom taxation is a “superficial fix” that does nothing to reverse the damage already inflicted, according to a warning from deVere Group
Posted: 12/2/2025
Independent financial advisers (IFAs) are increasingly concerned about tax changes, according to Opinium’s latest IFA Barometer
Posted: 12/2/2025
Pictet Group has reported a 15% rise in consolidated profit to £586.5m for the year to 31 December
Posted: 11/2/2025
Saba Capital’s intention to requisition general meetings at four of its UK listed trusts marks a “significant shift” in strategy by the group, according to the Association of Investment Companies (AIC)
Posted: 11/2/2025
Corporate and fiduciary administrator, Ocorian, has launched a new partnership with Landytech, a software firm that has developed an investment management platform for asset owners, managers and advisers
Posted: 11/2/2025
Evelyn Partners’ sustainable managed portfolio service (MPS) team has added three new funds to its portfolios
Posted: 11/2/2025
AJ Bell has reported a 436% increase in the number of adviser gilt purchases through its Investcentre gilt dealing service
Posted: 10/2/2025
Shackleton has announced the acquisition of Norfolk-based advice firm, Harrold Financial Planning (HFP), for an undisclosed amount
Posted: 10/2/2025
Verso Wealth Management has signed a deal worth up £500,000 to acquire WH Ireland’s Henley office
Posted: 10/2/2025
LV= has announced the appointment of Sarah Hills as its new wealth proposition director
Posted: 10/2/2025
Quilter Financial Planning has added four new appointed representative (AR) firms to its advice network
Posted: 10/2/25
Financial advice firms are feeling positive about the state of the sector, with 80 per cent reporting an increase in turnover in 2024, The Lang Cat’s latest State of the Advice Nation report has found
Posted: 10/2/25
Third Financial, part of Nucleus Group, has launched a white-labelled digital proposition that provides an automated platform aiming to “transform” the way advisers and their administration teams manage their clients
Posted: 7/2/25
The latest appointments in the wealth management industry
Posted: 7/2/25
St. James’s Place (SJP) has entered into a long-term partnership with digital advice platform, Dynamic Planner, to provide client risk profiling services
Posted: 7/2/25
Fund outflows were “slashed” in 2024 amid cautious optimism among investors, with funds under management rising by 6 per cent year-on-year to end 2024 at £1,509bn, data from the Investment Association (IA) has shown
Posted: 7/2/25
Shareholders have voted against Saba Capital Management’s proposed changes at each of the six general meetings that have been held at affected investment trusts so far
Posted: 7/2/25
The Treasury Committee has launched an inquiry to consider the potential impacts of the increased use of artificial intelligence (AI) in financial services
Posted: 7/2/25
Oxford Risk has called on financial firms to do more to make changes in investor behaviour, after Barclays estimated that 13 million UK adults hold £430bn of possible investments in cash savings
Posted: 6/2/25
The Communications and Digital Committee has called on the government to do more to celebrate successful wealth creators and foster a culture where entrepreneurs are incentivised to stay in the UK
Posted: 6/2/25
The latest appointments in the wealth management industry
Posted: 6/2/25
High net worth (HNW) women are more likely to put their children first when thinking about wealth planning, while men tend to prioritise their spouse, research from Charles Stanley has found
Posted: 6/2/25
There has been a “notable increase” in acquisitions among independent financial adviser (IFA) firms, a new study by Opinium has suggested, with 9 per cent of firms having acquired other businesses as of December 2024
Posted: 4/2/25
A total of 152,700 estates will come into scope of inheritance tax (IHT) or face additional IHT liability if measures to include pensions in IHT calculations, as was announced in the autumn Budget, come into effect, according to a freedom of information (FOI) request by Interactive Investor
Posted: 4/2/25
The Lang Cat has added a new functionality to its Analyser reg tech software, aiming to support advisers with the justification needed when recommending and evidencing client platform switching
Posted: 5/2/25
Investment trusts have traded at double-digit discounts for an “unprecedented period”, presenting investors with opportunities, research from the Association of Investment Companies (AIC) has revealed
Posted: 5/2/25
Brooks Macdonald has completed the acquisition of LIFT-Financial Group and LIFT-Invest
Posted: 4/2/25
London-based start-up Brava has launched to help ‘unlock’ the stablecoin market to wealth managers, high net worth individuals (HNWI), and institutional investors
Posted: 4/2/25
Trade association PIMFA has called on the Financial Conduct Authority (FCA) to be ambitious and assertive in its proposals to modernise the redress system
Posted: 4/2/25
The Financial Conduct Authority (FCA) has set out proposals aimed at making it easier for listed companies to issue corporate bonds that wealth managers and retail investors can buy
Posted: 4/2/25
There is a "huge disparity" between men and women's pension wealth, analysis from Broadstone has revealed
Posted: 3/2/25
The Association of Investment Companies (AIC) has launched a campaign seeking to ensure that all investors can exercise their right to vote their shares
Posted: 3/2/25
Asset Risk Consultants (ARC) Research is launching its ARC Managed Platform Solutions (MPS) Indices, which aim to give independent financial advisers (IFA) clarity on the performance of MPS managers
Posted: 3/2/25
Wealth platform for high net worth individuals (HNWI) Prosper has raised £4m in a funding round led by venture capital firm Fuel Ventures
Posted: 3/2/25
Almost a third (32 per cent) of advisers have pointed towards the increased cost of doing business as their biggest challenge over the next one to two years, The Exeter has revealed
Posted: 31/1/25
The latest appointments in the wealth management industry
Posted: 31/1/25
The global market value of eight of the largest asset classes reached a record $246.8trn at the end of 2024, analysis from Ocorian has revealed
Posted: 31/1/25
P1 Investment Services, which operates the P1 Platform, has launched an all-in-one client onboarding and servicing portal for advisers and their clients
Posted: 31/1/25
UK companies paid their shareholders £92.1bn in 2024, a 2.3 per cent year-on-year rise on a headline basis, although the total payout on a constant-currency basis fell by 0.4 per cent, Computershare has revealed
Posted: 30/1/25
China-based artificial intelligence (AI) firm DeepSeek has sent “shockwaves” through the US equities market, highlighting the need for diverse and resilient portfolios, investment industry experts have stated
Posted: 30/1/25
LV= has launched its ‘Platform Services’ option for advisers, in a partnership with Embark, following a 12-month controlled launch period with a panel of advisers
Posted: 30/1/25
Less than two fifths (39 per cent) of the highest earners are on track for a comfortable retirement income, according to data from Hargreaves Lansdown's (HL) Savings and Resilience Barometer
Posted: 30/1/25
Ninety One has announced that its Global Sustainable Equity Fund will adopt the ‘Sustainability Impact’ label on 28 February 2025
Posted: 29/1/25
Investment manager Foresight Group has acquired impact investor WHEB Asset Management for an undisclosed amount
Posted: 29/1/25
Higher-rate taxpayers could be missing out on additional pension wealth worth around £97,000 by not claiming additional tax relief via self-assessment tax returns, according to calculations by Interactive Investor
Posted: 29/1/25
Bold action is needed from the government and financial institutions to ensure that wealth inequality between older and younger generations does not get worse, a report from the International Longevity Centre UK (ILC), in partnership with M&G, has argued
Posted: 29/1/25
Quilter Financial Planning has adopted VouchedFor’s client survey system, Elevation, to support its network of advisers
Posted: 28/1/25
The deadline to enter the Wealth and Asset Management Awards 2025 has been extended to 24 February
Posted: 28/1/25
Schroders has announced it is set to adopt Sustainability Disclosure Requirements (SDR) labels for a further three funds, resulting in each of the four labels being adopted spanning 16 funds
Posted: 28/1/25
Evelyn Partners Group has entered into an agreement to sell its fund solutions business, operated by Evelyn Partners Fund Solutions (EPFS), to Thesis Holdings for an undisclosed amount
Posted: 28/1/25
Women are less engaged than men when it comes to conversations with their financial adviser or family office, according to a study from Charles Stanley
Posted: 28/1/25
Titan Wealth has announced the acquisition of Jersey-based financial advisory firm, Advisa Wealth, subject to regulatory approval
Posted: 27/1/25
The latest appointments in the wealth management industry
Posted: 27/1/25
The Association of Investment Companies (AIC) has published a list of the investment trusts that received the most views on its website in 2024, with income being an “overarching theme”
Posted: 27/1/25
The wealthiest 10 per cent of households in Britain have the majority of their assets made up of net property wealth and private pension wealth, figures from the Office for National Statistics (ONS) have shown
Posted: 27/1/25
AXA Investment Managers (IM) has adopted Sustainability Disclosure Requirements (SDR) labels for three equity funds in the UK, including two ‘Sustainability Improver’ labels
Posted: 24/1/25
Shareholders have voted against proposals from Saba Capital Management at the first of seven investment trust general meetings where votes are taking place on changes proposed by the firm
Posted: 24/1/25
Firms hoping that the government’s call to boost growth through regulatory reform will mean cuts to Consumer Duty will be "disappointed", MorganAsh has warned
Posted: 24/1/25
Chancellor, Rachel Reeves, is planning to water down changes to tax rules on non-doms amid concerns about the number of high net worth individuals (HNWI) leaving the UK
Posted: 24/1/25
Defaqto has published a list of the adviser platforms it has identified as being the most recommended by value for 2024
Posted: 23/1/25
The latest appointments in the wealth management industry
Posted: 23/1/25
Forvis Mazars has announced changes to its model portfolios as part of its quarterly rebalance, including reducing or exiting holdings in funds that are going through manager changes or it felt were struggling in challenging markets
Posted: 23/1/25
Perspective Financial Group has announced that it completed five acquisitions in December, taking the group’s total in 2024 to 29
Posted: 23/1/25
HMRC has confirmed that it is reviewing the issues and views expressed in the response to its consultation on plans to bring pensions into the scope of inheritance tax (IHT), and will publish both a formal response and draft legislation "later in the year"
Posted: 23/1/25
This is the final week to enter the Wealth and Asset Management Awards 2025, with the entry deadline closing on Friday 24 January
Posted: 22/1/25
The government has announced plans to hold ‘Industry Forums’ with leaders from across the financial services sector to design the first-ever Financial Services Growth and Competitiveness Strategy
Posted: 22/1/25
Consumer Duty is having a major influence on advice practice, according to data published by The Lang Cat
Posted: 22/1/25
The government is facing growing pressure to rethink its plans to bring pensions into the scope of inheritance tax (IHT), with a number of industry organisations calling on the government to make "fundamental" changes to the plans
Posted: 22/1/25
The government’s inheritance tax (IHT) take has continued to increase, with receipts totalling £6.3bn between April and December 2024, HMRC’s latest figures have shown
Posted: 22/1/25
Quilter’s WealthSelect managed portfolio service (MPS) has conducted an ad hoc rebalance across its WealthSelect Managed, Responsible and Sustainable ranges in response to recent bond market performance
Posted: 20/1/25
Standard Chartered has launched a new global wealth campaign aimed at high net worth individuals (HNWI) as it seeks double-digit growth in its Wealth Solutions business
Posted: 21/1/25
Invesco has announced it is launching a new exchange-traded fund (ETF) that tracks the performance of the S&P 500 Equal Weight index
Posted: 20/1/25
Investors should exercise caution and avoid making immediate portfolio adjustments in response to the inauguration of Donald Trump as US President, wealth experts have warned
Posted: 20/1/25
The government has been urged to "take a step back" from its plans to bring pensions into the scope of inheritance tax (IHT) and plot a new way forward, following concerns that the current proposals could risk "forcing a round peg into a square hole"
Posted: 20/1/25
Swedish wealth manager Söderberg & Partners has announced investments in three more UK-based IFA firms
Posted: 20/1/25
The Association of Investment Companies (AIC) has written to the Financial Conduct Authority (FCA) to raise concerns about Saba Capital Management’s proposed changes at seven investment trusts
Posted: 20/1/25
Billionaires’ total wealth increased by $2 trillion in 2024, the equivalent of $5.7 billion a day, a report from Oxfam has revealed
Posted: 20/1/25
AI-driven financial reporting solution provider Avenir has partnered with The Lang Cat and its reg-tech Analyser software to support financial advice firms with more efficient reporting
Posted: 17/1/25
Geopolitical tensions have overtaken cybersecurity as the biggest risk facing financial services firms in 2025, according to a study of financial services business leaders
Posted: 17/1/25
The latest appointments in the wealth management industry
Posted: 17/1/25
EdenTree Investment Management has announced it will be changing the name of its recently launched EdenTree Global Select Government Bond Fund as the fund adopts a Sustainability Disclosure Requirements (SDR) label
Posted: 16/1/25
Wealth managers in the UK have been encouraged to think about how best to adopt artificial intelligence (AI) following the government’s recently announced AI Opportunities Action Plan
Posted: 16/1/25
Global ‘megatrends’ and evolving client expectations are giving rise to an interconnected system of personalisation, transparency and technology, requiring wealth managers to “dramatically rethink” how they deliver services, according to a new report from MSCI
Posted: 16/1/25
Retirement savings are "under threat" after the announcement that pensions will be subject to inheritance tax (IHT) from 2027, according to research from Charles Stanley Direct
Posted: 16/1/25
Defaqto has revealed the top 10 most recommended platform managed portfolio solutions (MPS) from 2024 by value, with Tatton Core Active taking the top spot
Posted: 16/1/25
The latest appointments in the wealth management industry
Posted: 15/1/25
Twenty-three per cent of independent financial advisers (IFAs) are planning to introduce AI tools into their services to clients within the next 12 months, according to a new survey from Opinium
Posted: 15/1/25
Downing has launched its MGTS Downing Active Defined Return Assets Fund, the first fund from its new Liquid Alternatives team
Posted: 15/1/25
LGT Wealth Management has announced it has become the first wealth manager in Europe to adopt pass-through voting technology
Posted: 15/1/25
Investment consultancy Bfinance has launched Bfinance Access, a service designed to support wealth managers in providing customised private markets investment solutions to their clients
Posted: 14/1/25
The Association of Investment Companies (AIC) has written to investment platforms urging them to notify their customers of upcoming votes on Saba Capital Management’s proposed investment trust changes
Posted: 14/1/25
St. James’s Place has awarded a sustainable investment mandate currently £5.2bn in size to Schroders
Posted: 14/1/25
Pensions Administration Standards Association (Pasa) board director, Chris Tagg, discusses the government's plans to bring pensions into the scope of inheritance tax, and the potential pitfalls of its proposed implementation approach
Posted: 14/1/25
Aegon Asset Management (AM) has announced it will adopt the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) labels for two of its funds
Posted: 13/1/25
The number of mergers & acquisitions (M&A) among UK wealth and asset managers totalled 122 in 2024, up from 107 in 2023, EY’s latest figures have revealed
Posted: 13/1/25
The latest appointments in the wealth management industry
Posted: 13/1/25
Approximately 134,000 high-net-worth individuals (HNWI) relocated and established new domiciles worldwide in 2024, in what was a ‘landmark year’ for wealth migration, a report from Henley & Partners had found
Posted: 13/1/25
Attivo Investments has launched in the UK and partnered with SEI to introduce managed portfolio service (MPS) ranges through a co-CIO model
Posted: 10/1/25
Nearly half (43 per cent) of family offices are developing or implementing a technology strategy in 2025, according to a report from Deloitte
Posted: 10/1/25
Inflation has dented the ‘real’ value of private client portfolios, despite achieving above-average returns in 2024, analysis from Asset Risk Consultants (ARC) has revealed
Posted: 10/1/25
Wealth managers, family offices, and alternative asset managers are adjusting their exit strategies in response to the current interest rate environment, research from Ocorian has found
Posted: 10/1/25
The joint administrators of PSG SIPP have confirmed that the sale of the Unity SIPP scheme to Pathlines Pensions has been completed
Posted: 10/1/25
Railpen and Royal London Asset Management have shared guidance on the cybersecurity risks in investment portfolios, urging investors to recognise the financial materiality of cybersecurity to their portfolios, and take the necessary steps to address this
Posted: 9/1/25
Foster Denovo has acquired Glasgow-based independent financial adviser (IFA) firm Verum Wealth
Posted: 9/1/25
The proportion of people who have a financial adviser and believe they offer value for money (VFM) has increased by 10 percentage points year-on-year to 82 per cent, according to Scottish Widows’ latest Investor Confidence Barometer
Posted: 9/1/25
The UK 10-year gilt yield has hit its highest level since the financial crisis in 2008, while the 30-year yield is at its highest since 1998, prompting concerns among the industry about the road to recovery for the UK economy
Posted: 9/1/25
Azets Wealth Management has reached an agreement to acquire Newcastle-based financial planning firm Laurus Associates for an undisclosed sum
Posted: 8/1/25
Vontobel has completed the acquisition of IHAG Privatbank’s client book for an undisclosed amount
Posted: 8/1/25
The Financial Conduct Authority (FCA) has cancelled financial planning firm Barkestone Associates (Wealth Management)’s Part 4A permission, resulting in the company no longer having permission to carry on regulated activities
Posted: 8/1/25
Schroders’ high net worth wealth management business Cazenove Capital is to adopt the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) labels across its three sustainable flagship funds
Posted: 8/1/25
Investment professionals will need to have an “unwavering focus” on diversification and valuations in 2025 amid elevated equity prices and credit market risks, St. James’s Place (SJP) CIO, Justin Onuekwusi, has stated
Posted: 7/1/25
Almost one in five (18 per cent) UK adults plan to start investing regularly in 2025, according to research from the Investment Association (IA)
Posted: 7/1/25
The number of people in the UK with wealth of $1m or more will decline by 17 per cent between 2023 and 2028, according to analysis from UBS
Posted: 7/1/25
There are less than three weeks left to enter the Wealth and Asset Management Awards 2025, with the 24 January deadline fast approaching
Posted: 6/1/25
Over four in five (83 per cent) AJ Bell customers have stated that they are either very or somewhat concerned about tax increases from the new Labour government in 2025
Posted: 6/1/25
Global wealth totalling $83.5trn is forecast to be transferred within the next 25 years, according to UBS’s Global Wealth Report
Posted: 6/1/25
Hoxton Wealth has launched a new online community aimed at those seeking a career in the financial planning sector amid a growing need for new talent in the industry
Posted: 6/1/25
Former WealthTek LLP principal partner, John Dance, has pleaded not guilty to nine criminal charges, including multiple counts of fraud and money laundering
Posted: 6/1/25
US stocks continue to be in demand for UK investors as they dominated the most-bought equity investments in December, according to data from Interactive Investor
Posted: 3/1/25
There is “continued strong demand” among financial intermediaries to improve their ability to support clients in vulnerable circumstances, according to Just Group
Posted: 3/1/25
The latest appointments in the wealth management industry
Posted: 3/1/25
Discretionary fund manager (DFM) and technology partner Parmenion has introduced a new option to advisers using its in-house DFM
Posted: 3/1/25
The amount of inheritance tax (IHT) receipts collected by HM Revenue and Customs (HMRC) reached £5.7bn between April and November, an 11 per cent increase on the same period in 2023/24
Posted: 2/1/25
Two fifths (40 per cent) of UK adults aged 55 or over remain “completely unaware” of new rules that will bring pensions into the scope of inheritance tax (IHT) from April 2027, research from Canada Life has revealed
Posted: 2/1/25
The Financial Conduct Authority (FCA) has launched a consultation on its proposed product information framework for consumer composite investments (CCI)
Posted: 2/1/25
Former WealthTek LLP principal partner, John Dance, has been charged by the Financial Conduct Authority (FCA) with nine criminal offences, including multiple counts of fraud and money laundering
Posted: 2/1/25
The latest appointments in the wealth management industry
Posted: 23/12/24
Following a volatile year of rising geopolitical tensions and shifting investment markets, the wealth management industry looks ahead at what 2025 may bring and the potential trends impacting the UK wealth and advice sectors
Posted: 23/12/24
Over a quarter (28 per cent) of those approaching retirement have used a financial adviser or wealth manager, Oxford Risk has found
Posted: 20/12/24
Gretel has partnered with J.P. Morgan Asset Management and Rathbones Asset Management to help investors find their share of an estimated £2.8bn of lost and dormant investments in the UK
Posted: 20/12/24
Quilter Financial Planning has announced it has added a further three appointed representative firms to its advice network
Posted: 20/12/24
The Financial Services Compensation Scheme (FSCS) has revealed that 13 firms were declared in default in October and November 2024
Posted: 19/12/24
Titan Wealth has announced the acquisition of Independent Wealth Planners (IWP), a provider of financial planning solutions, for an undisclosed amount
Posted: 19/12/24
Almost half (47 per cent) of UK adults earning £40,000 or more a year are planning to increase their investments in 2025, research from digital wealth manager Sidekick has found
Posted: 19/12/24
The latest appointments in the wealth management industry
Posted: 19/12/24
The T. Rowe Price Funds OEIC Global Impact Credit and T. Rowe Price Funds OEIC Global Impact Equity have gained approval to use the ‘Sustainability Impact’ label under the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) regime
Posted: 19/12/24
The Financial Conduct Authority (FCA) has fined Richard Fenech and Heather Dunne, and banned them from working in financial services, due to pension transfer advice failings
Posted: 18/12/24
Firms that are falsely using GDPR as a “scapegoat” for non-compliance with Consumer Duty are risking severe action from the Financial Conduct Authority (FCA), MorganAsh has warned
Posted: 18/12/24
The Investment Association (IA) has set out its plans for future growth to support the UK economy and boost individuals’ financial resilience
Posted: 18/12/24
The Financial Conduct Authority (FCA) has published a consultation on the regulatory framework for the new private stock market: the Private Intermittent Securities and Capital Exchange System (PISCES)
Posted: 18/12/24
More than one in six (16 per cent) high-net-worth individuals (HNWI) over 60 years old have said they will likely need to rely on their children’s inheritance to pay for unexpected later life costs, Rathbones has found
Posted: 17/12/24
Sarasin & Partners has joined forces with MPA Financial Management to create a bespoke suite of model portfolios for the Midlands-based advisory firm’s clients
Posted: 17/12/24
B2B wealthtech platform Allfunds has announced the launch of Allfunds Navigation Assistant (ANA), an AI-powered feature that seeks to enhance user experience
Posted: 17/12/24
Advice propositions that blend robo-advice and human interaction are reducing the risk of retirement poverty, according to analysis by Defaqto
Posted: 17/12/24
The Wealth & Asset Management Awards 2025 remain open for entries to firms in the wealth, advice, and asset management spaces
Posted: 16/12/24
There has been a record total of 10 mergers between investment trusts in 2024 so far, double the amount of the previous record year, data from the Association of Investment Companies (AIC) has revealed
Posted: 16/12/24
Quilter’s WealthSelect managed portfolio service (MPS) has increased its allocation to US equities in its latest quarterly rebalance, following the re-election of Donald Trump as President
Posted: 16/12/24
Family offices are planning to boost the outsourcing of core services as they look to benefit from professional expertise and improve services, according to Ocorian
Posted: 16/12/24
BlackRock has launched an evergreen private markets platform for wealth investors in Europe as it seeks to accelerate wealth access to alternative assets
Posted: 13/12/24
Quilter Investors has added AllianceBernstein to its list of WealthSelect global partners, following the appointment of the firm to the Quilter Investors Europe (ex UK) Equity Growth Fund.
Posted: 13/12/24
The government’s plans to bring unspent pension pots into scope of inheritance tax (IHT) has prompted many savers to consider re-evaluating their wealth transfer strategies and retirement plans, according to Standard Life
Posted: 13/12/24
Less than half (45 per cent) of independent financial advisers (IFA) have described the current investment environment as "good", as they adopt a cautious stance towards current investment opportunities, Opinium has found
Posted: 12/12/24
The pensions and advice industries have broadly welcomed the Financial Conduct Authority’s (FCA) proposals to introduce targeted support for pensions, but have warned there will be issues that will be challenging to overcome
Posted: 13/12/24
UK-based wealth manager Julius Baer International (JBI) has announced a further expansion of its regional offerings with the opening of a new office in Glasgow
Posted: 12/12/24
Milecross Financial has completed the acquisition of The Martin Cliffe Practice, a financial planning firm based in Milton Keynes
Posted: 12/12/24
More than two-thirds (67 per cent) of high net worth (HNW) women say that divorce contributed to the value of their current net worth, research from Charles Stanley has shown
Posted: 12/12/24
Utmost Group has received regulatory approval to complete the acquisition of Lombard International Assurance Holdings
Posted: 12/12/24
The Financial Conduct Authority (FCA) has published a consultation on proposals to introduce targeted support for pensions as part of the Advice/Guidance Boundary Review
Posted: 12/12/24
The Evelyn Partners Core Managed Portfolio Service (MPS) team has added Fidelity Special Situations as a new holding in its UK equity allocation in its latest rebalance
Posted: 11/12/24
Advice firms have voiced their concerns about the lack of progress the sector has made towards the products and services outcome as part of the Consumer Duty
Posted: 11/12/24
Asset management firm Vanguard has announced plans to establish a new advice and wealth management division
Posted: 11/12/24
Quilter Cheviot has completed the third phase of its long-term investment thematic engagement, focused on real estate investment trusts (REITs)
Posted: 11/12/24
BlackRock has reached a definitive agreement to acquire HPS Investment Partners for approximately $12bn, with 100 per cent of consideration paid in BlackRock equity
Posted: 10/12/24
Global billionaires’ total wealth grew by 121 per cent between 2015 and 2024, from $6.3trn to $14trn, a report from UBS has revealed
Posted: 10/12/24
Wealth management group GSB has launched the GSB FutureOf Fund I, which looks to invest in disruptive, early-stage businesses amid increased demand from clients for alternative investment opportunities
Posted: 10/12/24
Nearly half (47 per cent) of advisers are worried that a platform could fail over the next three years amid concerns about oversupply and financial strength, a study from Scottish Widows has found
Posted: 9/12/24
The latest appointments in the wealth management industry
Posted: 9/12/24
The financial advice industry should collaborate to help younger generations seek the financial advice and guidance support they need, St. James’s Place (SJP) has argued
Posted: 9/12/24
A newly established UK-based family office fund, FIGR Ventures, has been launched to invest in early-stage, mission-driven businesses
Posted: 9/12/24
Robeco has listed its first line-up of active exchange traded funds (ETF) on the London Stock Exchange
Posted: 9/12/24
Growth capital has been the top-performing investment trust sector in 2024 so far, data from the Association of Investment Companies (AIC) has shown
Posted: 6/12/24
Quilter Financial Planning, the financial advice network of Quilter, has added five new appointed representative firms to its advice network
Posted: 6/12/24
Financial advisers are anticipating an increased allocation to equities over the next 12 months as investors reduce their cash holdings, according to the Schroders UK Financial Adviser Survey 2024
Posted: 6/12/24
The majority of independent financial advisers (IFA) in the UK are dissatisfied by Rachel Reeves’ first Budget as Labour Chancellor, a new study has indicated
Posted: 6/12/24
Willis Owen has been acquired by online investment adviser, Moneyfarm, taking the firm’s assets under management (AuM) to over £5bn
Posted: 6/12/24
The judges for the Wealth and Asset Management Awards 2025 have been announced, bringing together experts from across the wealth and asset management sectors in preparation for the much-anticipated awards night
Posted: 5/12/24
Private banking group J. Safra Sarasin has acquired 100 per cent of the shares of MIV Asset Management AG for an undisclosed amount
Posted: 5/12/24
Financial advisers’ average total earnings rose “significantly” in 2024, despite a decrease in average basic salary, according to a report from financial services recruitment firm Paul Harper Search
Posted: 5/12/24
Foster Denovo has announced the acquisition of Midlands-based IFA firm Brian Mole Independent Financial Advisers for an undisclosed sum
Posted: 5/12/24
Standard Chartered has set targets to acquire $200bn in net new money and achieve double-digit growth in its Wealth Solutions business income over the next five years
Posted: 5/12/24
Swedish wealth manager Söderberg & Partners has made three more investments into UK-based independent financial adviser (IFA) firms
Posted: 4/12/24
Quilter Cheviot has unveiled a new investment proposal tool that seeks to better support advisers with the promotion and implementation of its on-platform managed portfolio service (MPS) investment proposition to clients
Posted: 4/12/24
Independent financial advice (IFA) firm WPS Advisory has partnered with Moneyhub to launch an app aimed at supplementing personalised financial guidance and advice
Posted: 4/12/24
Private members’ club for family offices and investment professionals AYU has launched the Approved Family Office (AFO) Programme, a vetting initiative that seeks to tackle a “critical rise” of ‘fake’ family offices
Posted: 4/12/24
The Financial Conduct Authority (FCA) has fined former Capital & Income Solutions (C&I) director, Philip Pryke, £1.38m for unsuitable pension transfer advice
Posted: 3/12/24
Former Ruffer partner and investment director, Harry Sevier, has launched Lulworth Investment Management, an independent discretionary investment manager
Posted: 3/12/24
Schroders has announced plans to adopt the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) labels for 10 of its funds
Posted: 3/12/24
Wealth managers are expecting their organisations’ allocations to fixed income to “surge” over the next 18 months after a period of being underweight, according to research from Managing Partners Group (MPG)
Posted: 2/12/24
London-based discretionary wealth manager Bowmore Asset Management has appointed Third Financial, which is now part of the Nucleus Group, as its platform partner
Posted: 2/12/24
The M&G Positive Impact Fund will adopt the ‘Sustainability Impact’ label in the UK in early 2025, M&G Investments has announced
Posted: 2/12/24
Origo’s Unipass Letter of Authority (ULoA) is being made available to all Openwork Partnership advisers, seeking to support them in achieving faster, whole of market processing of their LoA requests
Posted: 2/12/24
A lack of conversations about inheritance planning is resulting in “significant tension” between family members, according to research as part of Canada Life’s Life100+ programme
Posted: 2/12/24
Nearly all (95 per cent) advisers have had to apologise to their clients for poor platform service this year, with asset transfers identified as a particular problem, research from Parmenion has found
Posted: 29/11/24
The latest appointments in the wealth management industry
Posted: 29/11/24
Planning to achieve a comfortable retirement tops clients’ financial advice ‘wish lists’ over the next six months, but the peak age for it being an advice priority is not reached until 55, according to research from St. James’s Place (SJP)
Posted: 29/11/24
Philanthropic giving by family offices is set to grow “strongly” over the next two years, but they expect to see some form of investment return on what they give, a study by Ocorian has found
Posted: 29/11/24
Tailored Centralised Retirement Propositions (CRP) are crucial for advice firms in supporting their clients through retirement, with the retirement income market set for “stratospheric” growth, according to a Charles Stanley report
Posted: 28/11/24
Canaccord Genuity has issued a statement denying reports that it was considering selling its wealth management business in the UK and Crown Dependencies
Posted: 28/11/24
Standard Chartered has announced it is exploring the sale of a “small number” of its businesses to fund incremental investment in its wealth management business
Posted: 28/11/24
Aviva Investors has launched a private debt-focused Long-Term Asset Fund (LTAF) with the creation of the Aviva Investors Multi-Sector Private Debt LTAF
Posted: 28/11/24
More than four in five (82 per cent) family offices are planning to increase their investment risk appetite in the year ahead, with improved regulation of riskier assets the primary driver, research from Ocorian has revealed
Posted: 28/11/24
There is a growing need for flexible structures in family offices as they adapt to address the need to uphold values, safeguard legacies, educate heirs, and maximise technology amid complex markets, according to Morgan Stanley Wealth Management
Posted: 26/11/24
The government has been encouraged to consider alternatives to its proposal of bringing pensions into scope of inheritance tax (IHT)
Posted: 26/11/24
The latest appointments in the wealth management industry
Posted: 27/11/24
An All-Party Parliamentary Group (APPG) call for evidence report has found “very significant shortcomings” at the Financial Conduct Authority (FCA)
Posted: 26/11/24
The latest appointments in the wealth management industry
Posted: 26/11/24
MKC Wealth has announced the double acquisition of IFA Warr & Co Independent Financial Advisers and Halstead Independent Financial Management
Posted: 26/11/24
The majority (51 per cent) of financial advisers are not satisfied with the current retirement products available to help meet the evolving needs of their clients with defined contribution (DC) pensions, according to a study from Invesco
Posted: 26/11/24
Evelyn Partners Group has reached a binding agreement to sell its professional services business to funds advised by Apax Partners
Posted: 26/11/24
The Invest in Women Taskforce has secured more than £250m of funding to support female entrepreneurs in the UK
Posted: 25/11/24
Advised clients feel more confident about achieving their retirement goals after receiving financial advice, as demand looks set to increase amid a changing regulatory landscape, analysis from BNY Investments and NextWealth has found
Posted: 25/11/24
The government’s inheritance tax (IHT) receipts are on course to “smash through” the £8bn level this tax year to around £8.5bn, according to Charles Stanley
Posted: 25/11/24
Asset manager Liontrust has implemented an enterprise portfolio management system integrated with a new data ecosystem, which aims to strengthen the firm’s data management, delivery, and analysis
Posted: 25/11/24
Margetts Wealth has completed a management buy-in with directors, Ian Butler and James Vickers, who have taken equal shares in the financial planning firm
Posted: 22/11/24
The Quilter Investors Monthly Income and Monthly Income & Growth portfolios have introduced several new asset classes to the range following an ‘optimisation’ of its strategic asset allocation
Posted: 22/11/24
The government’s plans to overhaul its regulatory approach will “reshape” financial services in the UK, Bovill Newgate has warned
Posted: 22/11/24
UK business owners feel it is important to keep the business in the family and preserve its legacy, but many lack succession plans to achieve this, HSBC Global Private Banking has found
Posted: 22/11/24
The Platforms Association, which launched in September 2024 to represent the investment platforms sector, has expanded its membership to 46 founding members
Posted: 21/11/24
Eight in 10 (80 per cent) asset and wealth managers expect disruptive technologies, such as AI, to fuel revenue growth, with those moving quickly to adopt ‘tech-as-a-service’ seeing a potential 12 per cent boost to revenues by 2028, according to analysis from PwC
Posted: 21/11/24
HSBC is to relaunch its ‘Premier’ wealth banking brand as it seeks to expand its UK wealth sector presence and attract high net worth individuals (HNWI), according to reports from Reuters
Posted: 21/11/24
The government’s inheritance tax (IHT) receipts for the period April to October 2024 reached £5bn, HMRC’s latest figures have shown
Posted: 21/11/24
The latest appointments in the wealth management industry
Posted: 20/11/24
The update on the Advice/Guidance Boundary Review in the Mansion House speech “offers hope” on closing the advice gap, with retirement and pensions the most likely financial issues people will seek advice on, according to Hargreaves Lansdown
Posted: 20/11/24
Three in 10 (30 per cent) people in the UK believe the changes to inheritance tax (IHT) outlined in last month’s Budget will reduce the amount they are able to leave behind in inheritance, research from Standard Life has revealed
Posted: 20/11/24
The global billionaire population grew by 4 per cent to 3,323 individuals in 2023, more than reversing the previous year’s decline to hit a new record high, Altrata’s Billionaire Census has revealed
Posted: 20/11/24
Fidelity International has confirmed plans to adopt the ‘Sustainability Focus’ Sustainability Disclosure Requirements (SDR) label for three funds within its UK-domiciled equity fund range
Posted: 19/11/24
Amundi has acquired technology company Aixigo for €149m as it seeks to accelerate the deployment of technological solutions to private banks and wealth managers
Posted: 19/11/24
Succession Wealth has announced it has acquired financial planning and wealth management group True Wealth Group
Posted: 19/11/24
Business owners have been urged to tap into the enthusiasm of young heirs by providing them with hands-on experience through philanthropic pursuits to prepare them for future succession and foster prosperity
Posted: 19/11/24
Outflows from advised platforms declined in the third quarter of 2024 for the first time in two years, analysis from The Lang Cat has revealed
Posted: 18/11/24
Almost all (97.4 per cent) financial advice professionals plan to increase their use of artificial intelligence (AI) in the advice journey, according to a poll from Advisersoftware.com
Posted: 18/11/24
Global wealth managers view ongoing geopolitical tensions as the biggest threat to capital markets in 2025, research from Universal Investment has found
Posted: 18/11/24
The Financial Conduct Authority (FCA) has outlined the next steps of the Advice/Guidance Boundary Review, including a consultation on targeted support for pensions in December
Posted: 15/11/24
'Taboos' around vulnerability are deterring advised clients from discussing their additional support needs with their advisers, according to St. James’s Place (SJP)
Posted: 15/11/24
The next generation of high net worth individuals (HNWI) and wealthy investors is set to continue the trend of globalisation amid an increasingly interconnected world, Sarasin & Partners has stated
Posted: 15/11/24
Financial services technology provider, EV, has added a new inheritance tax (IHT) functionality to its end-to-end financial planning solution, EVPro
Posted: 15/11/24
The government has published its consultation response on the Private Intermittent Securities and Capital Exchange System (PISCES), committing to legislate to establish the private stock market by May 2025
Posted: 15/11/24
PFS Power has published new guidance on how firms can focus on delivering consumer outcomes in financial planning
Posted: 14/11/24
Independent financial advisers (IFA) are “broadly supportive” of pension reforms being included in the Mansion House speech this evening (14 November), research from Opinium has revealed
Posted: 14/11/24
An increasing number of financial advisers are changing their retirement propositions following the Financial Conduct Authority’s (FCA) thematic review of retirement income advice, analysis has shown
Posted: 14/11/24
The UK continues to be one of the most attractive locations in the world for wealthy business owners, despite recent questions about its position as a global financial wealth centre, according to HSBC Global Private Banking
Posted: 14/11/24
Wealth professionals are anticipating a surge in demand for financial advisers as almost one in 10 deaths are set to trigger an inheritance tax (IHT) charge by the end of the decade
Posted: 13/11/24
Schroders Personal Wealth (SPW) has appointed ex-Close Brothers Asset Management (CBAM) CEO, Martin Andrew, to its board as an independent non-executive director
Posted: 13/11/24
The private banking arm of Intesa Sanpaolo Group, Fideuram Intesa Sanpaolo Private Banking (FISPB), has partnered with BlackRock to develop its digital wealth management offering across Europe
Posted: 13/11/24
WBR Group has acquired NM Perris & Co Ltd, which trades as Brunel Trustees, along with associated companies Brunel Trustees Limited and Omniphi Systems Limited
Posted: 13/11/24
Investors with a long track record of incorporating ESG into their investment processes are more likely to believe that doing so leads to increased risk-adjusted returns, analysis from LGT Capital Partners has found
Posted: 12/11/24
Wealth managers and financial advisers are expecting their clients to increase allocations to emerging and frontier markets over the next 18 months, according to research from Pureprofile
Posted: 12/11/24
The freeze on inheritance tax (IHT) thresholds could cost families £234,000 over the total duration of the potential two-decade long nil rate band (NRB) freeze, up to the 2030 end date, AJ Bell has revealed
Posted: 12/11/24
The latest appointments in the wealth management industry
Posted: 12/11/24
Fulcrum Asset Management has received regulatory approval to launch its first commingled Long-Term Asset Fund (LTAF), the WS Fulcrum Diversified Private Markets LTAF
Posted: 11/11/24
The latest appointments in the wealth management industry
Posted: 11/11/24
Equity funds dominated outflows in September, with investors pulling a net £2.4bn, as net retail sales of investment funds saw outflows of £3.4bn during the month, according to data from the Investment Association (IA)
Posted: 11/11/24
A number of high net worth individuals (HNWI) have not made retirement or succession plans, despite being confident that their personal wealth will increase, a study has found.
Quintet and BlackRock’s research revealed that a third of HNWIs were yet to make a financial plan for retirement
Quintet and BlackRock’s research revealed that a third of HNWIs were yet to make a financial plan for retirement
Posted: 11/11/24
Family offices are expanding their exposure to private equity, with 40 per cent planning to increase their allocations to the asset class over the next two years, analysis from Bastiat Partners and Karis Capital has found
Posted: 8/11/24
Cyberattacks on family offices globally have become more commonplace, according to a report from Deloitte Private, with 43 per cent having experienced an attack in the last 12 to 24 months
Posted: 8/11/24
Close Brothers Asset Management (CBAM) and SEI have announced a strategic partnership, aimed a powering CBAM’s ‘operational transformation and growth’
Posted: 8/11/24
The government has published the Finance Bill 2024/25, which includes the tax changes outlined in the Budget on 30 October
Posted: 8/11/24
Less than a fifth (18 per cent) of high net worth individuals (HNWI) took professional financial advice over the past 12 months, research from wealth management firm Saltus has found
Posted: 7/11/24
More than three quarters (78 per cent) of asset managers in the UK and US with a presence in Europe are considering launching a Long-Term Asset Fund (LTAF) amid increased investor demand for private markets access
Posted: 7/11/24
Financial advice and investment management company One Four Nine Group has acquired Nottingham-based independent chartered financial planning business Castlegate Capital
Posted: 7/11/24
Fears that the Chancellor would target pension tax reliefs in her Budget last week fuelled an eightfold increase in SIPP contributions in October, analysis by Bestinvest has shown
Posted: 6/11/24
Nearly half (47 per cent) of Brits have expressed concern about the government's plans to bring pensions into the scope of inheritance tax (IHT), according to research by PensionBee
Posted: 6/11/24
US-based alternative asset manager Blackstone is planning to expand its private wealth business into at least two new European markets, the firm has told Reuters
Posted: 6/11/24
Invesco has announced it is launching three thematic ETFs, aiming to provide investors targeted access to the long-term trends of artificial intelligence (AI), cybersecurity, and defence
Posted: 6/11/24
Brooks Macdonald has announced the acquisition of CST Wealth Management, a chartered financial planning firm based in Wales
Posted: 6/11/24
Further clarifications and streamlining are needed around the government's plans to bring pensions into the scope of inheritance tax (IHT), industry experts have said, amid concerns that the changes could cause a "bureaucratic nightmare for grieving families"
Posted: 6/11/24
Cazenove Capital, a part of Schroders Wealth Management, has announced an expansion of its wealth planning team
Posted: 5/11/24
The government’s recently announced changes to inheritance tax (IHT) policy will create “significant challenges” for families, London accountancy firm Wilson Wright has warned
Posted: 5/11/24
A group of firms from the UK wealth management industry has written to asset management companies, calling on them to ‘embrace’ net zero
Posted: 4/11/24
Mercer, a Marsh McLennan business, has completed its acquisition of long-term savings specialist Cardano, for an undisclosed amount
Posted: 4/11/24
Changes to capital gains tax (CGT) rates and inheritance tax (IHT) reliefs risk stymying future investment and introducing unwanted confusion for financial planning, trade association PIMFA has warned
Posted: 4/11/24
The latest appointments in the wealth management industry
Posted: 4/11/24
GAM has announced it is transferring its management company activities in the UK, Ireland, and Luxembourg to Apex Group
Posted: 4/11/24
Odey Wealth Management has filed for voluntary liquidation after appointing Evelyn Partners as its liquidator last month, according to a Companies House filing
Posted: 4/11/24
The boards of the Financial Conduct Authority (FCA) and Payment Systems Regulator (PSR) have confirmed the appointment of a new chair to decision-making committees
Posted: 1/11/24
Standard Chartered has announced it will be doubling its investment in its wealth management business following a record increase in revenue in the third quarter of 2024
Posted: 1/11/24
The Financial Conduct Authority (FCA) has banned Vintage Investment Services (Vintage) partners, Steven Hodgson and Paul Adams, from advising any customers on pension transfers and opt outs
Posted: 1/11/24
Wealth and investment manager 7IM has agreed to acquire ASHL Group’s Rockhold Asset Management, subject to regulatory approval
Posted: 1/11/24
Financial advisory group Foster Denovo has acquired East Midlands-based advisory firm 80Twenty
Posted: 31/10/24
Family offices are increasingly focusing on the returns achieved through ESG investing amid shifting priorities, analysis from Ocorian has shown
Posted: 31/10/24
The wealth management and financial advice industries have expressed their relief at the clarity and certainty that the Autumn Budget has provided, but warned the changes outlined could bring negative consequences
Posted: 31/10/24
The abolition of the non-dom regime in the UK could cost the country £6.5bn by 2035, according to a paper published by the Adam Smith Institute (ASI)
Posted: 31/10/24
The Chancellor, Rachel Reeves, has announced that both the higher and basic rates of capital gains tax (CGT) are set to increase from today (30 October)
Posted: 30/10/24
Inherited pensions and related death benefits will be brought into scope of inheritance tax (IHT) from April 2027, the Chancellor, Rachel Reeves, has announced
Posted: 30/10/24
The Chancellor, Rachel Reeves, has revealed that the Labour government will be abolishing the non-dom regime from April 2025 in her Budget speech
Posted: 30/10/24
The wealth management and financial advice industries are preparing for anticipated tax hikes and relief changes ahead of the Autumn Budget this afternoon, with Prime Minister, Kier Starmer, stating that the “harsh light of fiscal reality” is set to be revealed
Posted: 30/10/24
Changes to pension lump sums are the Budget measure that would cause the biggest disruption, according to a new poll of advice professionals conducted by Abrdn
Posted: 30/10/24
Evelyn Partners has acquired advisory services provider ReSolve Advisory as it seeks to further strengthen its professional services arm
Posted: 30/10/24
Almost all (97 per cent) professional investors expect there will be a correction in the equity markets over the next 12 months, with 93 per cent predicting it could be between 5 per cent and 10 per cent
Posted: 30/10/24
Pension provider and retirement services firm Alltrust Services has acquired the self-invested personal pension (SIPP) business of PSG SIPP, excluding its Unity SIPP scheme
Posted: 29/10/24
Business owners in the UK are worried about the potential inclusion of inheritance tax (IHT) business relief restrictions in the Budget tomorrow (30 October), according to Evelyn Partners, with 58 per cent citing concerns about possible restrictions of IHT business relief
Posted: 29/10/24
Family offices in Europe believe that improving governance is their biggest challenge and agree that more needs to be done to address succession planning, research from Ocorian has found
Posted: 29/10/24
Model portfolio providers (MPP) reduced their exposure to UK equities in the second quarter of 2024, analysis from ISS Market Intelligence (MI) has revealed
Posted: 29/10/24
Wealth management trade association PIMFA has published a guide to help firms support their customers with characteristics of vulnerability in the wealth management and advice sector
Posted: 28/10/24
Financial advice network The Openwork Partnership has announced a strategic investment from private investment firm Bain Capital
Posted: 28/10/24
The latest appointments in the wealth management industry
Posted: 28/10/24
Insurance, risk management, and consultancy firm Arthur J. Gallagher & Co has acquired investment consultancy Redington
Posted: 28/10/24
Removing inheritance tax (IHT) benefits from pensions could create a double tax hit for beneficiaries if the Chancellor, Rachel Reeves, decides to make this change in the upcoming Budget, Saltus has warned
Posted: 24/10/24
The functionality and support given to advisers on capital gains tax (CGT) is influencing their platform provider selection and due diligence, according to research published by Financial Software Ltd (FSL)
Posted: 24/10/24
Titan Wealth has entered into an agreement to acquire Ravenscroft Investments, a wealth management services business operating in both Guernsey and Jersey
Posted: 24/10/24
A group of 30 cross-party parliamentarians have signed a letter urging Chancellor, Rachel Reeves, to impose an annual wealth tax of 2 per cent on assets over £10m in the Autumn Budget
Posted: 24/10/24
Nearly two-thirds (62 per cent) of clients have never switched their financial adviser, with the primary drivers being trust, satisfaction, and understanding, analysis by St. James’s Place (SJP) has revealed
Posted: 24/10/24
The Financial Conduct Authority (FCA) has been urged to push ahead with plans to create new forms of advice and targeted support to make it more accessible to pension savers and allow providers to support their customers
Posted: 24/10/24
Families should be taking advice before gifting amid rumours of a possible extension to potentially exempt transfers (PET), according to wealth manager RBC Brewin Dolphin
Posted: 24/10/24
Adviser-focused platform business Wealthtime has agreed a partnership with technology services and consulting company, Wipro, and its global technology partner, GBST, to deliver a digital-first platform and customer-centric service offering
Posted: 24/10/24
A majority of clients working with independent financial advisers (IFAs) are anxious about the upcoming Budget, a new survey from Opinium has suggested
Posted: 23/10/24
The majority (55 per cent) of high net worth individuals (HNWI) feel that the UK is not supportive of wealth creation or creators, a study from Wealth Club has found
Posted: 23/10/24
Advisers and wealth managers have given a “cautious welcome” to new sustainability labels from the Financial Conduct Authority (FCA), with most expecting them to increase trust in sustainability claims
Posted: 23/10/24
Janus Henderson has announced the launch of its first active ETF in Europe: the Janus Henderson Tabula Japan High Conviction Equity UCITS ETF (JCPN)
Posted: 23/10/24
The government’s inheritance tax (IHT) and capital gains tax (CGT) receipts increased in the first six months of the 2024/25 tax year, HMRC has revealed
Posted: 22/10/24
HSBC has announced it will restructure its business into four units, including the creation of a new international wealth and premier banking division
Posted: 22/10/24
Financial advisers have witnessed a surge in queries regarding pension taxation and wealth protection ahead of the much-anticipated Budget on 30 October, according to AJ Bell
Posted: 22/10/24
Swedish wealth manager Söderberg & Partners has made investments in a further four UK-based IFA companies as it seeks to expand its presence in the UK’s financial advice sector
Posted: 21/10/24
Increasing capital gains tax (CGT) will not lead to lower investment, slower growth or reduced entrepreneurship from millionaires, according to analysis from the Institute for Public Policy Research (IPPR)
Posted: 21/10/24
Governance, risk, and compliance (GRC) solutions provider, ACA Group, has expanded its presence in the UK with the acquisition of regulatory consultancy practice, Effecta Compliance Group
Posted: 21/10/24
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