Professional Adviser www.professionaladviser.com Single-adviser firm sells to local IFA as he 'shuns consolidators' <img alt="Single-adviser firm sells to local IFA as he &#39;shuns consolidators&#39;" src="https://www.professionaladviser.com/api/v1/wps/0053502/5d584454-c10b-4337-a90a-e5d9ecc463fd/4/Bank-House-image-185x114.jpg" /> <p><!--summary start--> Staffordshire-based independent financial advice firm Bank House Financial Planning has acquired local single-adviser firm Fox Whittle Financial Management. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/0053502/5d584454-c10b-4337-a90a-e5d9ecc463fd/4/Bank-House-image-185x114.jpg https://www.professionaladviser.com/news/4178958/local-single-adviser-firm-sells-ifa-shuns-consolidators https://www.professionaladviser.com/news/4178958/local-single-adviser-firm-sells-ifa-shuns-consolidators https://www.professionaladviser.com/news/4178958/local-single-adviser-firm-sells-ifa-shuns-consolidators Tue, 27 Feb 2024 10:09:51 +0000 MKC Wealth acquires female-focused financial planning firm <img alt="MKC Wealth acquires female-focused financial planning firm" src="https://www.professionaladviser.com/api/v1/wps/60e2d33/a55cf698-14e0-4443-a76a-12f482b21ca7/4/iStock-1385935898-185x114.jpg" /> <p><!--summary start--> Cabot Square Capital-backed independent wealth management firm MKC Wealth has acquired female-focused financial planning firm Wealth for Women for an undisclosed sum. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/60e2d33/a55cf698-14e0-4443-a76a-12f482b21ca7/4/iStock-1385935898-185x114.jpg https://www.professionaladviser.com/news/4178604/mkc-wealth-acquires-female-focused-financial-planning-firm https://www.professionaladviser.com/news/4178604/mkc-wealth-acquires-female-focused-financial-planning-firm https://www.professionaladviser.com/news/4178604/mkc-wealth-acquires-female-focused-financial-planning-firm Mon, 26 Feb 2024 12:18:03 +0000 Mattioli Woods selects T. Rowe Price to develop income model portfolio <img alt="Mattioli Woods selects T. Rowe Price to develop income model portfolio " src="https://www.professionaladviser.com/api/v1/wps/4c442b8/00b96e9c-f6e1-4c34-a5b0-45a7c3c11046/5/iStock-1654266893-185x114.jpg" /> <p><!--summary start--> Mattioli Woods has selected global asset manager T. Rowe Price to develop an income model portfolio. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/4c442b8/00b96e9c-f6e1-4c34-a5b0-45a7c3c11046/5/iStock-1654266893-185x114.jpg https://www.professionaladviser.com/news/4163738/mattioli-woods-selects-rowe-price-develop-income-model-portfolio https://www.professionaladviser.com/news/4163738/mattioli-woods-selects-rowe-price-develop-income-model-portfolio https://www.professionaladviser.com/news/4163738/mattioli-woods-selects-rowe-price-develop-income-model-portfolio Mon, 15 Jan 2024 11:18:55 +0000 Succession Wealth buys Plymouth-based IFA adding £165m in assets <img alt="Succession Wealth buys Plymouth-based IFA adding £165m in assets" src="https://www.professionaladviser.com/api/v1/wps/558facb/f4881b2e-9dd4-42c2-b2a0-8f2080de438e/9/iStock-1855144076-185x114.jpg" /> <p><!--summary start--> Succession Wealth has acquired Plymouth-based advice firm DFP Health & Wealth Management. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/558facb/f4881b2e-9dd4-42c2-b2a0-8f2080de438e/9/iStock-1855144076-185x114.jpg https://www.professionaladviser.com/news/4161645/succession-wealth-buys-plymouth-ifa-adding-gbp165m-assets https://www.professionaladviser.com/news/4161645/succession-wealth-buys-plymouth-ifa-adding-gbp165m-assets https://www.professionaladviser.com/news/4161645/succession-wealth-buys-plymouth-ifa-adding-gbp165m-assets Tue, 9 Jan 2024 10:47:23 +0000 Söderberg & Partners snaps up two more UK advice firms <img alt="Söderberg &amp; Partners snaps up two more UK advice firms" src="https://www.professionaladviser.com/api/v1/wps/421676b/4954a137-5cce-4884-8ba4-2df9f98fafd5/7/Acquisition-2-185x114.jpg" /> <p><!--summary start--> Söderberg & Partners has taken a minority stake in two UK advice firms as it continues to expand in UK financial services market. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/421676b/4954a137-5cce-4884-8ba4-2df9f98fafd5/7/Acquisition-2-185x114.jpg https://www.professionaladviser.com/news/4161340/oderberg-partners-snaps-uk-advice-firms https://www.professionaladviser.com/news/4161340/oderberg-partners-snaps-uk-advice-firms https://www.professionaladviser.com/news/4161340/oderberg-partners-snaps-uk-advice-firms Mon, 8 Jan 2024 12:18:00 +0000 Mercer commits to UK advisers with improved investment offering <img alt="Mercer commits to UK advisers with improved investment offering" src="https://www.professionaladviser.com/api/v1/wps/0631cc9/5b83ea2a-645c-432c-a8ae-ab8533d4f909/6/iStock-1159798268-185x114.jpg" /> <p><!--summary start--> Consultancy firm Mercer has extended its investment solutions business to financial advisers. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/0631cc9/5b83ea2a-645c-432c-a8ae-ab8533d4f909/6/iStock-1159798268-185x114.jpg https://www.professionaladviser.com/news/4135996/mercer-commits-uk-advisers-improved-investment-offering https://www.professionaladviser.com/news/4135996/mercer-commits-uk-advisers-improved-investment-offering https://www.professionaladviser.com/news/4135996/mercer-commits-uk-advisers-improved-investment-offering Wed, 18 Oct 2023 14:19:12 +0000 Fairstone strikes deal with Charles Stanley to manage MPS mandate <img alt="Fairstone strikes deal with Charles Stanley to manage MPS mandate" src="https://www.professionaladviser.com/api/v1/wps/3947bac/a4c73e71-d3a2-4006-8059-f534b9aab757/2/iStock-1453953453-1-185x114.jpg" /> <p><!--summary start--> Investment manager Charles Stanley is to manage a mandate in Fairstone’s partner model portfolio service (MPS). <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/3947bac/a4c73e71-d3a2-4006-8059-f534b9aab757/2/iStock-1453953453-1-185x114.jpg https://www.professionaladviser.com/news/4133656/fairstone-strikes-deal-charles-stanley-manage-mps-mandate https://www.professionaladviser.com/news/4133656/fairstone-strikes-deal-charles-stanley-manage-mps-mandate https://www.professionaladviser.com/news/4133656/fairstone-strikes-deal-charles-stanley-manage-mps-mandate Thu, 12 Oct 2023 09:50:35 +0000 Market Movers: Israel-Hamas drives investors to safe haven assets <img alt="Market Movers: Israel-Hamas drives investors to safe haven assets" src="https://www.professionaladviser.com/api/v1/wps/05daaf1/9cb23db7-d841-4d16-9041-aa4ef4748cdd/27/iStock-1262967772-185x114.jpg" /> <p><!--summary start--> <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/05daaf1/9cb23db7-d841-4d16-9041-aa4ef4748cdd/27/iStock-1262967772-185x114.jpg https://www.professionaladviser.com/news/4053643/market-movers-blog https://www.professionaladviser.com/news/4053643/market-movers-blog https://www.professionaladviser.com/news/4053643/market-movers-blog Tue, 10 Oct 2023 06:31:21 +0000 B Corp certifications up as 58 UK investment firms join ranks <img alt="B Corp certifications up as 58 UK investment firms join ranks" src="https://www.professionaladviser.com/api/v1/wps/428bd9e/844174db-e184-4031-8004-6d1959e04eb5/1/iStock-1365436662-1-185x114.jpg" /> <p><!--summary start--> A total of 58 UK investment firms have become a B Corporation, as London becomes the city with the most B Corps in the world. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/428bd9e/844174db-e184-4031-8004-6d1959e04eb5/1/iStock-1365436662-1-185x114.jpg https://www.professionaladviser.com/news/4060066/b-corp-certifications-58-uk-investment-firms-join-ranks https://www.professionaladviser.com/news/4060066/b-corp-certifications-58-uk-investment-firms-join-ranks https://www.professionaladviser.com/news/4060066/b-corp-certifications-58-uk-investment-firms-join-ranks Mon, 14 Nov 2022 12:32:08 +0000 Two thirds of M&G AUM fails to meet performance expectations <img alt="Two thirds of M&amp;G AUM fails to meet performance expectations" src="https://www.professionaladviser.com/api/v1/wps/9b11e15/92e83fe3-2290-4a84-8802-049bcbf6833c/16/coins-balance-scales-185x114.jpg" /> <p><!--summary start--> Only 34.8% of M&G Investments' assets under management has been found to deliver value according to its investment performance metrics, a 6% decrease on last year's figure. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/9b11e15/92e83fe3-2290-4a84-8802-049bcbf6833c/16/coins-balance-scales-185x114.jpg https://www.professionaladviser.com/news/4054120/thirds-aum-fails-meet-performance-expectations https://www.professionaladviser.com/news/4054120/thirds-aum-fails-meet-performance-expectations https://www.professionaladviser.com/news/4054120/thirds-aum-fails-meet-performance-expectations Mon, 1 Aug 2022 11:35:57 +0000 Kingswood acquires Hampshire IFA in sixth deal of the year <img alt="Kingswood acquires Hampshire IFA in sixth deal of the year " src="https://www.professionaladviser.com/api/v1/wps/0d1af0c/3e2b0a4a-6213-40b6-876c-80cb420744ae/11/iStock-000003529053Small-185x114.jpg" /> <p><!--summary start--> Kingswood Holdings has exchanged and completed the purchase of Hampshire-based IFA firm Smith Pearman and Associates in its sixth buyout deal of the year. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/0d1af0c/3e2b0a4a-6213-40b6-876c-80cb420744ae/11/iStock-000003529053Small-185x114.jpg https://www.professionaladviser.com/news/4054055/kingswood-acquires-hampshire-ifa-sixth-deal https://www.professionaladviser.com/news/4054055/kingswood-acquires-hampshire-ifa-sixth-deal https://www.professionaladviser.com/news/4054055/kingswood-acquires-hampshire-ifa-sixth-deal Mon, 1 Aug 2022 09:55:14 +0000 Jupiter's AUM drops by 19% as investors pull £3.6bn and performance declines <img alt="Jupiter&#39;s AUM drops by 19% as investors pull £3.6bn and performance declines" src="https://www.professionaladviser.com/api/v1/wps/f8adef0/d939bb70-8b74-486d-97f3-d013199e4239/12/ANDREW-FORMICA-16-9-WEB-185x114.jpg" /> <p><!--summary start--> Jupiter's AUM fell by 19% over the first half of 2022 to £48.8bn amid net outflows of £3.6bn and declining markets, a result CEO Andrew Formica described as “disappointing”. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/f8adef0/d939bb70-8b74-486d-97f3-d013199e4239/12/ANDREW-FORMICA-16-9-WEB-185x114.jpg https://www.professionaladviser.com/news/4053973/jupiters-aum-drops-19-investors-pull-gbp-6bn-performance-declines https://www.professionaladviser.com/news/4053973/jupiters-aum-drops-19-investors-pull-gbp-6bn-performance-declines https://www.professionaladviser.com/news/4053973/jupiters-aum-drops-19-investors-pull-gbp-6bn-performance-declines Fri, 29 Jul 2022 07:32:25 +0000 Rathbones maintains positive flows in H1 as profits decline <img alt="Rathbones maintains positive flows in H1 as profits decline" src="https://www.professionaladviser.com/api/v1/wps/88092ea/a6ac1462-27ae-4c7d-b8c0-04816b3af3f9/11/Results-185x114.jpg" /> <p><!--summary start--> Rathbones is the latest manager to report profits had declined in the first half of the 2022 financial year, though it managed to maintain inflows amid a volatile market environment. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/88092ea/a6ac1462-27ae-4c7d-b8c0-04816b3af3f9/11/Results-185x114.jpg https://www.professionaladviser.com/news/4053915/rathbones-maintains-positive-flows-h1-profits-decline https://www.professionaladviser.com/news/4053915/rathbones-maintains-positive-flows-h1-profits-decline https://www.professionaladviser.com/news/4053915/rathbones-maintains-positive-flows-h1-profits-decline Thu, 28 Jul 2022 11:05:24 +0000 M&G CIO Jack Daniels to retire next year <img alt="M&amp;G CIO Jack Daniels to retire next year" src="https://www.professionaladviser.com/api/v1/wps/ede0212/1c68f2e8-82bd-4f90-b04f-db4e38b2bb69/10/iw-peoplemoves-022-185x114.jpg" /> <p><!--summary start--> Chief investment officer at M&G Jack Daniels will retire from the business in June 2023, after more than three-decade industry career. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/ede0212/1c68f2e8-82bd-4f90-b04f-db4e38b2bb69/10/iw-peoplemoves-022-185x114.jpg https://www.professionaladviser.com/news/4053858/cio-jack-daniels-retire https://www.professionaladviser.com/news/4053858/cio-jack-daniels-retire https://www.professionaladviser.com/news/4053858/cio-jack-daniels-retire Thu, 28 Jul 2022 07:49:09 +0000 Hargreaves Lansdown strengthens research team with two new hires <img alt="Hargreaves Lansdown strengthens research team with two new hires" src="https://www.professionaladviser.com/api/v1/wps/191830f/202fcd44-d130-446f-9f5e-d21ebce1fc2f/10/hargreaves-logo-185x114.jpg" /> <p><!--summary start--> Investment platform Hargreaves Lansdown has made two senior hires in its research team, effective immediately. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/191830f/202fcd44-d130-446f-9f5e-d21ebce1fc2f/10/hargreaves-logo-185x114.jpg https://www.professionaladviser.com/news/4053644/hargreaves-lansdown-strengthens-research-team-hires https://www.professionaladviser.com/news/4053644/hargreaves-lansdown-strengthens-research-team-hires https://www.professionaladviser.com/news/4053644/hargreaves-lansdown-strengthens-research-team-hires Mon, 25 Jul 2022 11:28:16 +0000 Hurst Group's Harwood WM buys two IFA firms and rebrands to Argentis Group <img alt="Hurst Group&#39;s Harwood WM buys two IFA firms and rebrands to Argentis Group" src="https://www.professionaladviser.com/api/v1/wps/bf8b4e0/3e2b0a4a-6213-40b6-876c-80cb420744ae/8/iStock-000003529053Small-185x114.jpg" /> <p><!--summary start--> Hurst Point Group-owned Harwood Wealth Management Group has acquired two IFA firms, D Heaton and Wealth Creation & Management, and will also rebrand to Argentis Group effective from 25 July. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/bf8b4e0/3e2b0a4a-6213-40b6-876c-80cb420744ae/8/iStock-000003529053Small-185x114.jpg https://www.professionaladviser.com/news/4053257/hurst-harwood-wm-buys-ifa-firms-rebrands-argentis-group https://www.professionaladviser.com/news/4053257/hurst-harwood-wm-buys-ifa-firms-rebrands-argentis-group https://www.professionaladviser.com/news/4053257/hurst-harwood-wm-buys-ifa-firms-rebrands-argentis-group Mon, 18 Jul 2022 10:25:22 +0000 Canada Life hires head of data <img alt="Canada Life hires head of data" src="https://www.professionaladviser.com/api/v1/wps/f1e7b64/32e1c19a-9a0b-45ec-a2cd-c94daec15e36/6/Cath-Goddard-185x114.jpg" /> <p><!--summary start--> Canada Life has hired Catherine Goddard as its head of data, insight and customer relationship management (CRM). <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/f1e7b64/32e1c19a-9a0b-45ec-a2cd-c94daec15e36/6/Cath-Goddard-185x114.jpg https://www.professionaladviser.com/news/4053236/canada-life-hires-head https://www.professionaladviser.com/news/4053236/canada-life-hires-head https://www.professionaladviser.com/news/4053236/canada-life-hires-head Mon, 18 Jul 2022 08:28:13 +0000 LV= interim CEO to step down <img alt="LV= interim CEO to step down " src="https://www.professionaladviser.com/api/v1/wps/508a145/fd988531-c214-484c-a921-3f5c6bfe30e4/2/iStock-1324419719-185x114.jpg" /> <p><!--summary start--> Mutual insurer LV= announced that its interim CEO Mark Hartigan will step down from this role as well as a member of the board. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/508a145/fd988531-c214-484c-a921-3f5c6bfe30e4/2/iStock-1324419719-185x114.jpg https://www.professionaladviser.com/news/4053218/lv-interim-ceo-step https://www.professionaladviser.com/news/4053218/lv-interim-ceo-step https://www.professionaladviser.com/news/4053218/lv-interim-ceo-step Mon, 18 Jul 2022 06:27:46 +0000 Quilter makes senior platform hire from abrdn <img alt="Quilter makes senior platform hire from abrdn" src="https://www.professionaladviser.com/api/v1/wps/4590999/4ec027c9-6e5a-41ae-bc5c-9e8bc0d26fcf/6/Jenny-D-white-bg-185x114.jpg" /> <p><!--summary start--> Quilter has hired former abrdn global head of wealthtech solutions, Jenny Davidson as head of strategic propositions. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/4590999/4ec027c9-6e5a-41ae-bc5c-9e8bc0d26fcf/6/Jenny-D-white-bg-185x114.jpg https://www.professionaladviser.com/news/4052204/quilter-makes-senior-platform-hire-abrdn https://www.professionaladviser.com/news/4052204/quilter-makes-senior-platform-hire-abrdn https://www.professionaladviser.com/news/4052204/quilter-makes-senior-platform-hire-abrdn Fri, 1 Jul 2022 07:45:11 +0000 FNZ invests in fintech start-up Bondsmith <img alt="FNZ invests in fintech start-up Bondsmith " src="https://www.professionaladviser.com/api/v1/wps/9338f0e/7d37c1a6-719f-4eb4-96f0-18e30bb7a83e/0/iStock-1365238877-185x114.jpg" /> <p><!--summary start--> Platform provider FNZ has led a Series-A investment in fintech start-up Bondsmith in a bid to make active cash management more accessible, it said. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/9338f0e/7d37c1a6-719f-4eb4-96f0-18e30bb7a83e/0/iStock-1365238877-185x114.jpg https://www.professionaladviser.com/news/4052018/fnz-invests-fintech-start-bondsmith https://www.professionaladviser.com/news/4052018/fnz-invests-fintech-start-bondsmith https://www.professionaladviser.com/news/4052018/fnz-invests-fintech-start-bondsmith Wed, 29 Jun 2022 08:28:45 +0000 AFM Wealth secures £5.3m acquisition war chest <img alt="AFM Wealth secures £5.3m acquisition war chest" src="https://www.professionaladviser.com/api/v1/wps/e44742f/ebc393c8-724b-466f-8d19-6941d5225139/7/iStock-147205360-185x114.jpg" /> <p><!--summary start--> AFM Wealth, the holding company of IFA firm Absolute Financial Management, has secured a £5.3m loan package from OakNorth Bank to support its acquisition strategy. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/e44742f/ebc393c8-724b-466f-8d19-6941d5225139/7/iStock-147205360-185x114.jpg https://www.professionaladviser.com/news/4051938/afm-wealth-secures-gbp-3m-acquisition-war-chest https://www.professionaladviser.com/news/4051938/afm-wealth-secures-gbp-3m-acquisition-war-chest https://www.professionaladviser.com/news/4051938/afm-wealth-secures-gbp-3m-acquisition-war-chest Tue, 28 Jun 2022 09:33:55 +0000 PE-backed Ascot Lloyd reports 28% bump in revenues <img alt="PE-backed Ascot Lloyd reports 28% bump in revenues" src="https://www.professionaladviser.com/api/v1/wps/5602c57/8fc1746b-dc1f-421b-ac95-6ed91145e87d/3/iStock-1371466436-185x114.jpg" /> <p><!--summary start--> National IFA business Ascot Lloyd has reported an increase in revenues of 28% for 2021 to £380.3m, up from £62.6m the previous year. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/5602c57/8fc1746b-dc1f-421b-ac95-6ed91145e87d/3/iStock-1371466436-185x114.jpg https://www.professionaladviser.com/news/4051366/pe-backed-ascot-lloyd-reports-bump-revenues https://www.professionaladviser.com/news/4051366/pe-backed-ascot-lloyd-reports-bump-revenues https://www.professionaladviser.com/news/4051366/pe-backed-ascot-lloyd-reports-bump-revenues Thu, 16 Jun 2022 08:25:16 +0000 Partner insight: 'You can find some incredibly innovative companies in emerging markets' <img alt="Partner insight: &#39;You can find some incredibly innovative companies in emerging markets&#39;" src="https://www.professionaladviser.com/api/v1/wps/7ef972c/716750d9-b6ed-4ae2-8a76-413859ddaf76/3/semiconductor-technology-chip-230-142-1-185x114.jpg" /> <p><!--summary start--> From semiconductors to health care, the opportunities in emerging markets today are vastly greater than they were 20 years ago, according to Capital Group’s Martyn Hole <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/7ef972c/716750d9-b6ed-4ae2-8a76-413859ddaf76/3/semiconductor-technology-chip-230-142-1-185x114.jpg https://www.professionaladviser.com/sponsored/4043739/cap-group-video-incredibly-innovative-companies-emerging-markets https://www.professionaladviser.com/sponsored/4043739/cap-group-video-incredibly-innovative-companies-emerging-markets https://www.professionaladviser.com/sponsored/4043739/cap-group-video-incredibly-innovative-companies-emerging-markets Tue, 1 Feb 2022 05:50:26 +0000 Fintuity expands team ahead of virtual adviser launch <img alt="Fintuity expands team ahead of virtual adviser launch" src="https://www.professionaladviser.com/api/v1/wps/bb1bd08/6d751d30-091b-485d-841d-d0594e31efa8/7/chris-liverani-9cd8qOgeNIY-unsplash-185x114.jpg" /> <p><!--summary start--> Digital IFA Fintuity has appointed a COO and expanded its Chartered IFA team by 60% in the wake of the launch of its financial virtual adviser. <!--summary end--></p> https://www.professionaladviser.com/api/v1/wps/bb1bd08/6d751d30-091b-485d-841d-d0594e31efa8/7/chris-liverani-9cd8qOgeNIY-unsplash-185x114.jpg https://www.professionaladviser.com/news/4036613/fintuity-expands-team-following-virtual-adviser-launch https://www.professionaladviser.com/news/4036613/fintuity-expands-team-following-virtual-adviser-launch https://www.professionaladviser.com/news/4036613/fintuity-expands-team-following-virtual-adviser-launch Mon, 6 Sep 2021 07:27:25 +0000 Brooks Macdonald completes Lloyds' offshore wealth business acquisition <p><!--summary start--> Brooks Macdonald has announced the completion of the acquisition of Lloyds Bank International’s Channel Islands wealth management and funds business by its subsidiary Brooks Macdonald Asset Management. <!--summary end--></p> https://www.professionaladviser.com/news/4024182/brooks-macdonald-completes-lloyds-offshore-wealth-business-acquisition https://www.professionaladviser.com/news/4024182/brooks-macdonald-completes-lloyds-offshore-wealth-business-acquisition Tue, 1 Dec 2020 08:03:04 +0000 LV= confirms discussions with other parties as Royal London merger rumours swirl <p><!--summary start--> Royal London is pursuing a takeover of LV= in a deal that would create a "mutual champion" with nearly 10 million customers across the UK, according to Sky News - a report LV= addressed on Monday morning. <!--summary end--></p> https://www.professionaladviser.com/news/4020775/lv-confirms-discussions-parties-royal-london-merger-rumours-swirl https://www.professionaladviser.com/news/4020775/lv-confirms-discussions-parties-royal-london-merger-rumours-swirl Mon, 28 Sep 2020 07:19:54 +0000 Baillie Gifford's Charles Plowden to retire after 37 years with firm <p><!--summary start--> Joint senior partner at Baillie Gifford Charles Plowden is set to retire next year, having served nearly 40 years with the firm. <!--summary end--></p> https://www.professionaladviser.com/news/4014954/baillie-gifford-charles-plowden-retire-firm https://www.professionaladviser.com/news/4014954/baillie-gifford-charles-plowden-retire-firm Thu, 7 May 2020 10:10:30 +0000 Architas shuffles investment team as Nevins departs <p><!--summary start--> Architas has shuffled the management of its UK funds after investment director Solomon Nevins left the firm "to pursue other opportunities in the industry". <!--summary end--></p> https://www.professionaladviser.com/news/4014535/architas-shuffles-investment-team-nevins-departs https://www.professionaladviser.com/news/4014535/architas-shuffles-investment-team-nevins-departs Tue, 28 Apr 2020 13:38:59 +0000 Lindsell Train funds breach UCITS concentration rules - reports <p><!--summary start--> The £6.7bn Lindsell Train Global Equity and £478m Lindsell Train Japanese Equity funds breached the European UCITS rules on portfolio concentration 11 times last year, according to research from The FT, with some individual holdings accounting for more than 10% of portfolios throughout 2019. <!--summary end--></p> https://www.professionaladviser.com/news/4013588/lindsell-train-funds-breach-ucits-concentration-rules-reports https://www.professionaladviser.com/news/4013588/lindsell-train-funds-breach-ucits-concentration-rules-reports Mon, 6 Apr 2020 07:19:08 +0000 Quilter Investors hires 7IM deputy CIO <p><!--summary start--> Deputy CIO at Seven Investment Management Ian Jensen-Humphreys has joined Quilter Investors’ 15-strong investment team as a portfolio manager. <!--summary end--></p> https://www.professionaladviser.com/news/4013465/quilter-investors-hires-7im-deputy-cio https://www.professionaladviser.com/news/4013465/quilter-investors-hires-7im-deputy-cio Thu, 2 Apr 2020 07:20:48 +0000 Invesco disposes of illiquid assets across UK equity mandates <p><!--summary start--> Invesco has made the decision to sell out of illiquid holdings in its UK equity mandates and reallocate capital to large- and mid-cap holdings. <!--summary end--></p> https://www.professionaladviser.com/news/4013389/invesco-disposes-illiquid-assets-uk-equity-mandates https://www.professionaladviser.com/news/4013389/invesco-disposes-illiquid-assets-uk-equity-mandates Wed, 1 Apr 2020 09:16:18 +0000 Heartwood IM CIO Noland Carter steps down <p><!--summary start--> CIO of Heartwood Investment Management Noland Carter has stepped down from the role after nearly 12 years at the firm, PA's sister title Investment Week has learned. <!--summary end--></p> https://www.professionaladviser.com/news/4013290/heartwood-im-cio-noland-carter-steps https://www.professionaladviser.com/news/4013290/heartwood-im-cio-noland-carter-steps Mon, 30 Mar 2020 15:28:38 +0000 Seven advice firms declared in default by FSCS in February <p><!--summary start--> The Financial Services Compensation Scheme (FSCS) declared seven financial advice firms in default in February 2020. <!--summary end--></p> https://www.professionaladviser.com/news/4013204/seven-advice-firms-declared-default-fscs-february https://www.professionaladviser.com/news/4013204/seven-advice-firms-declared-default-fscs-february Fri, 27 Mar 2020 13:00:24 +0000 SIPP operator to compensate two clients for unsuitable Cypriot property investments <p><!--summary start--> SIPP operator Yorsipp has been asked to pay compensation to two separate clients following unsuitable advice to transfer their pensions into a SIPP to invest in overseas property. <!--summary end--></p> https://www.professionaladviser.com/news/4012822/sipp-operator-compensate-clients-unsuitable-cypriot-property-investments https://www.professionaladviser.com/news/4012822/sipp-operator-compensate-clients-unsuitable-cypriot-property-investments Fri, 20 Mar 2020 13:04:08 +0000 Morningstar set to acquire PlanPlus Global in bid to expand adviser capabilities <p><!--summary start--> Investment research provider MorningStar is set to acquire Canada-based software provider PlanPlus Global in a step to expand its financial planning capabilities. <!--summary end--></p> https://www.professionaladviser.com/news/4011740/morningstar-set-acquire-planplus-global-bid-expand-adviser-capabilities https://www.professionaladviser.com/news/4011740/morningstar-set-acquire-planplus-global-bid-expand-adviser-capabilities Tue, 3 Mar 2020 13:02:51 +0000 SJP says advice charges not 'major' profit driver as stock drops 2% <p><!--summary start--> St. James’s Place has reported that advisory charges are not a “major driver” of its profits, as its shares decreased by more than two per cent (2.31%) this morning. <!--summary end--></p> https://www.professionaladviser.com/news/4011487/sjp-advice-charges-major-profit-driver-stock-drops https://www.professionaladviser.com/news/4011487/sjp-advice-charges-major-profit-driver-stock-drops Thu, 27 Feb 2020 11:59:02 +0000 PFS partners with learning company to inspire next generation of advisers <p><!--summary start--> The Personal Finance Society (PFS) has teamed up with education company Pearson to help encourage the next generation into a career in financial advice. <!--summary end--></p> https://www.professionaladviser.com/news/4011258/pfs-partners-learning-company-inspire-generation-advisers https://www.professionaladviser.com/news/4011258/pfs-partners-learning-company-inspire-generation-advisers Mon, 24 Feb 2020 13:02:33 +0000 JPM set to enter UK personal banking market - reports <p><!--summary start--> US banking giant J.P. Morgan Chase is set to move into the personal finance market as it looks to replicate the success of rival Goldman Sachs, according to reports. <!--summary end--></p> https://www.professionaladviser.com/news/4011247/jpm-set-enter-uk-personal-banking-market-reports https://www.professionaladviser.com/news/4011247/jpm-set-enter-uk-personal-banking-market-reports Mon, 24 Feb 2020 11:19:11 +0000 PFS partners with charity to provide advice to armed forces <p><!--summary start--> The Personal Finance Society's initiative that offers free financial guidance to armed forces personnel and veterans has been granted affiliate membership of the Confederation of Forces Charities (Cobseo). <!--summary end--></p> https://www.professionaladviser.com/news/4011113/pfs-partners-charity-provide-advice-armed-forces https://www.professionaladviser.com/news/4011113/pfs-partners-charity-provide-advice-armed-forces Thu, 20 Feb 2020 13:02:09 +0000