European platform Allfunds is to combine with Credit Suisse's InvestLab open architecture investment fund activities to create a wealth platform with more than €500bn (£447bn) in assets under management (AUA).
The deal, which remains subject to regulatory approval, would lead to a combined business that would distribute more than 78,000 funds and ETFs to more than 700 distributors across 45 countries. In...
'Beating heart of businesss'
Based on George Street
Completion in 3 minutes
Retail investors set to be restricted initially
The fact that emotions can so significantly impact investment decisions means the issue is becoming ever more important for advisers