Wealth Management

Former Apollo partner Tom McGrath has joined Caplain Capital to take the role of chief investment officer.

Zurich has overhauled its platform fee structure and announced a cut in its initial investment charge for all clients.

Tim May, chief executive of the Wealth Management Association (WMA), is to hand over the role to Liz Field later this year.

Ashcourt Rowan has posted a pre-tax loss of £2m for the year to 31 March but said it is "on the brink of realising potential value" after a return to profit in the second half.

Revenue at wealth manager and employee benefits business Mattioli Woods grew by a quarter in the past 12 months, latest figures show.

The Retail Distribution Review (RDR) has resulted in a small number of gatekeepers at financial adviser firms, investment platforms, discretionary and wealth managers steering more money into fewer, bigger funds, new research has suggested.

‘Holding onto mid caps does hurt, it is undeniable’

National wealth manager Towry has announced a management shake-up following its acquisition of Baker Tilly Financial Management, which will see the latter's chief executive John White exit.

Chief executive of Barclays Wealth and Investment Management Peter Horrell is to leave the company at the end of the year.

Wealth manager Charles Stanley has reported a 33% drop in profit before tax following a year of "significant" cost which has seen it spend millions on acquisitions.