Profit forecasts for asset and wealth managers have been downgraded by as much as 39% for the financial year ahead as "very few" look resilient to market pressures, according to a Peel Hunt analyst note on the sector.
The stockbroker pointed to the difficult final quarter of 2018 for the sector, leading it to curb full-year forecasts downwards from between 6%, for Brooks Macdonald, and 38.6% for Charles Stanley, which...
Created by 150 individuals
Investor urges fund group to be more cautious on promoting funds
Ahead of 12 December general election
Demerger expected to complete in Q1 2020
Engaging with finances