News

Standard Life's discretionary service wrap has seen £125m of inflows since it launched in April this year, the group has said.

European Wealth has opened an office in Manchester, expanding its regional network into the North West of England, after recruiting a pair of former Barclays investment managers.

Miton is to rebrand a trio of PSigma Asset Management funds following its acquisition of the firm last year.

Wealth manager Mattioli Woods has quadrupled discretionary assets under management to £750m in the year to May 2014.

Network Sesame has again come out top as the most complained about advice firm, although numbers of cases against it were down, according to the Financial Ombudsman Service's (FOS) half yearly figures published today.

Last week, the S&P 500 soared past the 2,000 mark for the first time, surprising those who had expected a reversal of some of the 30% gain seen in 2013.

Investors with more than $5m are now able to access a discounted institutional share class on the Indus Select Asia Pacific fund.

Jupiter's non-executive chairman Jamie Dundas is to step down due to ill health.

David Solo has stepped down from his role as group chief executive officer of GAM Holding AG after a decade, to be replaced by Alexander Friedman.

Former Barings trio Percival Stanion, Andrew Cole and Shaniel Ramjee have joined Pictet Asset Management to lead a push into the multi-asset space.