Advisory investment management is "in long-term decline" and will only comprise a minimal part of the wealth management industry within the next decade, according to Charles Stanley CEO Paul Abberley.
In its results for H1 2019, which were published last week, Charles Stanley said it had seen a shift towards its discretionary service, where funds under management and administration (FuMA) grew 7.3%...
Equities overweight down to 3%
Relates to 136 million transaction reports
Patience must be a watchword
MSCI has recently increased the Chinese A-share market's inclusion factor from 5% to 20%.
Change of objective