Wealth Management

Specialist wealth managers are reaping the benefits of FATCA as US expats rush to get their affairs in order and find themselves turned away from some UK firms.

Brooks Macdonald head of research Jonathan Lau has left the firm, with his role being taken over by Richard Larner.

Sesame is "not alone" in selling places on its restricted panel of product providers to the highest bidder, executive chairman John Cowan has said, as the network reels from a £1.6m fine for the banned practice.

Fund research service The Adviser Centre has bemoaned the lack of quality new funds being launched as it struggles to expand its ‘Positive Watch' category.

Wealth management firm Courtiers is to introduce a ‘Monte Carlo' risk profiling tool which allows clients to prioritise different types of risk.

‘We haven't felt pain like this in markets for some time’

Old Mutual is in advanced talks about a £650m takeover of the UK's second largest independent wealth manager Quilter Cheviot, according to Sky News.

Lloyds Banking Group has hired the former head of discretionary from Barclays' Wealth as part of a rejig of senior personnel within its wealth division.

Former Jupiter head of private clients Andrew Clark has become head of Rathbone Private Office after the company completed its acquisition of Jupiter's private wealth business.

Wealth manager Turcan Connell is planning to launch its own real estate investment trust (REIT) in a bid to offer clients a solution to persistently low interest rates on cash holdings.