Total AUA nears £98bn
Inflows of £2.2bn during the quarter
Wealth manager round-up
Peel Hunt research
Three risk profiles
Leaves after 22 years with the firm
Headed by Ben Palmer and Edward Park
New base in Bury St Edmunds
Fund buyers offer pointers
Annual Defaqto survey
'Closet tracker’ debate
Shepherd to take on MD, distribution role
Sold property business
Join original six DFMs added in March
Further investments in risk management
'Will help changing role of adviser'
Some commentary 'pretty alarmist'
Replaced by Caroline Connellan from HSBC UK wealth
Parento clients given access to DFM
Includes asset management and funds arms
Will improve profitability over medium term
Brooks Macdonald has seen an increase in its funds under management over its financial third quarter, driven by new discretionary business.
Wealth manager Brooks Macdonald expects its funds business to break even in the second half of its financial year, and will turn a profit for the first time in 2015-16.