The number of wealth managers using segregated mandates to populate their own in-house vehicles rose 17% in 2018, with an estimated £112bn of assets now sitting in retail segregated mandates, as research indicated this number is set to increase.
Currently, eight wealth managers use segregated mandates with another (AFH Wealth Management) set to launch in 2019, according to research by NextWealth. Meanwhile, four more firms have put tenders...
New chief executive
STM Group has acquired failed self-invested personal pension (SIPP) provider Berkeley Burke’s small self-administered (SSAS) scheme and its international pension businesses in a deal worth almost £3m.
UK equity market has fallen behind the rest of the world
With Bolton University
75% say ESG can ‘enhance returns'
Plan for growth