Charles Stanley shares have climbed 3% in afternoon trading after the wealth manager announced a plan to sell Charles Stanley Financial Solutions to its management team.
The start of 2015 has proved to be a busy few months for the wealth management space as firms make acquisitions, hires and expansion plans. Investment Week rounds up the stories you may have missed.
Charles Stanley is to raise £15.8m through a share placing as part of plans to "modernise" and refocus the business following a strategic review.
UK investors may be unsure about the impending general election, but events elsewhere could provide a boost to the economy in the coming months, explains John Redwood, chairman of the investment committee at Charles Stanley Pan Asset.
Liontrust's Anthony Cross, one of the largest shareholders in Charles Stanley, has backed the wealth firm's decision to offload its securities arm and said the company's business review can help it gain ground on peers.
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.
Following several fund groups' decision to publish active share figures for the first time, Investment Week asks selectors how important the tool really is for fund selection.
Charles Stanley saw revenues fall in Q4 as the company moves from a commission to a fee-based model.
Where are the best Asian opps?