wealth management

Wealth manager St James's Place (SJP) has revealed it received a Financial Services Compensation Scheme (FSCS) levy of £6.9m for 2014.

Wealth management group and consolidator Succession has acquired LRH Wealth Management for £3m and outlined plans to buy a further nine firms this year.

FCA dealing commission reform 'could hit industry profitability'

Wealth manager and stockbroker WH Ireland has reported strong profit growth in the six months to May, as it refocuses its business and withdraws from third party administration.

Simon Redgrove and Andrew Fay are to exit Close Brothers Asset Management, three years after it acquired their firm Cavanagh for £26m.

Tim May, chief executive of the Wealth Management Association (WMA), is to hand over the role to Liz Field later this year.

AIM-listed wealth management group European Wealth reported a rise in assets of nearly a quarter in the first six months of the year.

The Retail Distribution Review (RDR) has resulted in a small number of gatekeepers at financial adviser firms, investment platforms, discretionary and wealth managers steering more money into fewer, bigger funds, new research has suggested.

WEALTH MANAGERS

‘Holding onto mid caps does hurt, it is undeniable’