Quilter

Buxton-led business will be split off in H2 2018

Eight years after the collapse of Lehman Brothers' triggered the global financial collapse, fund managers reveal the biggest lessons learned and those which remain on the horizon and are continuing to threaten the asset management industry.

Wealth managers have been reducing allocation to equities in favour of convertible bonds as a hedge against volatility, following a strong run higher for equity markets.

Bestinvest founder John Spiers has hired a six-strong team for the launch of a new investment service at his recently acquired wealth management business, EQ Investors.

Has Old Mutual overpaid for Quilter Cheviot?

Old Mutual Wealth (OMW) is to establish a close relationship between adviser network Intrinsic and Quilter Cheviot after it agreed a £585m deal to acquire the discretionary manager.

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.

Quilter Cheviot, the UK's second-biggest independent wealth management group, has rejected a £600m bid from Old Mutual, according to a report.

Quilter Cheviot's Nick Lacey has joined Psigma Investment Management as business development director.

More private equity firms are looking at buying up wealth managers as a coming savings shake-up boosts the sector's appeal, according to Ashcourt Rowan CEO Jonathan Polin.