Investors and their advisers can get detailed information on the UK's private asset management indus...
Investors and their advisers can get detailed information on the UK's private asset management industry following the launch of an online service by Private Asset Managers (PAM).
The site, www.pamonline.com, aims to put private asset management on an equal footing with other areas in the financial services industry, in which central sources of information are easily accessible.
The service, which offers access to detailed manager information updated in real time, was devised by James Anderson, editor of the annual PAM Guide and PAM Awards Programme.
It utilises the database of more than 180 UK-based managers featured in the hard copy of PAM, including stockbrokers, fund management groups and private banks that offer discretionary and advisory investment management services.
The launch is timed to coincide with what PAM believes is a period of significant client movement for the industry.
Anderson said: 'Many investors have become disillusioned with relying on their own judgement and execution-only services, or disappointed with the performance of their discretionary advisers relative to the recent market downturn.'
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November