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.
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Zurich has expanded its platform offering to include a discretionary fund management service for the first time.
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