There’s nothing like a fresh coat of paint. That saying can, of course, apply physically and metaphorically and this week the latter was true for wealth manager Hurst Point.
PA was first to announce the news that the £10bn group has realigned its management structure as part of a full re-organisation strategy. This covers both its financial planning and investment management operations and was pinned on a wish for a more integrated business. While I have no doubt this is true, restructures as extensive as this often point toward a wider shift in focus for an asset manager or a potential slimming down or beefing up of operations. This group has the big bucks to make sizeable change in the industry, so watch this space. Elsewhere, findings from a Defaqto surve...
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