Wealth managers

Charles Stanley has agreed a deal to buy Evercore Pan Asset Capital Management, the passive portfolio specialist co-founded by John Redwood MP.

Stockbroker and discretionary wealth manager Charles Stanley today reported a jump in revenues and profits, and a hike in its interim dividend, as it continues to benefit from a shift among clients either moving to self-invest or to use discretionary...

Wealth manager Brooks Macdonald said today assets under management had risen more than 5% in the last quarter, as a combination of market gains and inflows lifted the total.

WEALTH MANAGEMENT

The Association of Private Client Investment Managers and Stockbrokers (APCIMS) is planning to rebrand as the Wealth Management Association to better reflect its membership.

Wealth managers and asset managers have led the pack in early morning trading after a number of companies delivered positive updates to the market.

Brooks Macdonald has reported 45% growth in discretionary funds under management for the year to June but warned the costs of investing in the business will drag on margins in 2014.

Brewin Dolphin is reviewing the service it offers clients with less than £50k in assets under management.

UBS has become the largest global wealth manager after its assets under management soared in 2012, according to a survey from UK-based research firm Scorpio Partnership.

Law firm Regulatory Legal has set up an alternative business structure with a wealth manager to package up legal advice for financial advisers to provide to their clients.