Wealth Management

Three members of senior staff at Ashcourt Rowan are to exit as its takeover by Towry is finalised.

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.

FATCA is tip of the iceberg for wealth firms

Charles Stanley is to offload its securities business, with the likes of Cantor Fitzgerald and Panmure Gordon set to be beaten to the deal by US firm Stifel Financial.

Prudential chief executive Tidjane Thiam has been named as the surprise new head of Credit Suisse.

Walker Crips has acquired wealth firm Barker Poland Asset Management (BPAM) in a deal which will add £230m to its assets under management.

The term ‘robo-advisor' has been around in the US for the past six or seven years. It usually refers to online investment management sites that run portfolios through unique algorithms or, to put it another way, take the human element out of investing....

Signia Wealth has hired three former employees to form a new senior management team as CIO Chris Godding and investment strategist Gautam Batra depart the business.

Adviser consolidator Succession Group has bought tax planning and investment firm Cassidy Coutts, adding £50m to its funds under management.

Wealth managers are urging fund providers to open preferentially-priced share classes to their businesses, as opposed to just the largest, typically platform-based distributors.