wealth management

‘I am surprised at the market reaction to current geopolitical risk’

Dilution levies are becoming increasingly popular among fund groups, but are they a hindrance to investing or a necessary feature to protect against short-term trading?

First impressions

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.