Wealth managers are being trapped in the tricky position of responding to nervous clients' demands to hike cash weightings in portfolios, while at the same time trying to meet their growing income requirements.
Holdings in cash among wealth managers have been rising in recent months as profit-taking off the back of rising equity markets, coupled with fears over slowing global growth, prompt valuation fears for some risk assets.
A large proportion of funds in the IMA UK Smaller Companies sector have failed to produce alpha over the long term, amid a strong rally in small-cap stocks.
Premier's Simon King says UK firms need to look beyond the UK to prosper.
Strong corporate balance sheets are good news for equities
Premier Wealth Management is planning to make several acquisitions as part of an ongoing expansion pl...