Long-time proponent of risk targeted investments Rathbones' chief executive Mike Webb has said the method makes fund managers work harder for investors, and can help advisers stay on the right side of the Financial Conduct Authority (FCA).
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Barclays is seeking to include a D2C discretionary investment service offering model portfolios to clients in its relaunched consumer platform proposition, Professional Adviser's sister title Investment Week understands.
Former Legal & General (L&G) head of high alpha fixed income Dickie Hodges is to join Nomura Asset Management as he returns to the industry.
Old Mutual Wealth has finalised a deal to acquire Quilter Cheviot for £585m.
The FTSE has opened 1% higher as it begins to recover from its worst one-day fall in 16 months on 15 October.