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M&G's $12bn Optimal Income fund turns defensive as risks rise

The flagship fund's managers say tight credit spreads mean little yield is being given up to adopt a more defensive stance in the face of increased risks to bond markets.

BlackRock to Acquire Preqin, Leading Private Markets Data Solutions Provider

Strategic expansion of Aladdin tech business into fast-growing private markets data segment, unlocking additional $8 billion total addressable market

Kingswood Holdings Full Year 2023 Earnings

Revenue: UK£86.2m (down 41% from FY 2022).

Nucleus completes acquisition of Third Financial

This acquisition significantly expands Nucleus’s capability in the ‘adviser-as-a-platform’ space.

UBS completes merger of UBS Switzerland AG and Credit Suisse (Schweiz) AG

The merger of the Swiss entities facilitates the migration of clients and operations from Credit Suisse (Schweiz) AG to the UBS platform, following business, client- and product-specific requirements.

Invesco launches star-powered adviser platform to meet huge soft skills demand

In response, it has launched ‘Invesco Intelligence Plus’, a comprehensive platform for the modern adviser focusing on soft skills, practice management and investment skills

Guernsey Finance takes the win with ‘Wealth for Good’ award

The annual WealthBriefing Wealth for Good Awards program recognises the most innovative and exceptional firms, teams and individuals.

Söderberg & Partners raises £225m to boost growth expansion

Gustaf Rentzhog, Söderberg & Partners co-founder and chief executive, said: “We see that our venture in the UK is working, and we now want to scale it up even faster.

Financial advisors expect bigger book of ESG business in coming years, new Vontobel study reveals

The result shows that sustainable offerings continue to rise in importance in the advisory space despite the headwinds and political backlash that sustainable investing has been experiencing over the last two years.

New Indosuez impact fund taps into ‘underdeveloped market’

There is a growing need among investors to combine financial returns with investing for a societal good, the global wealth management brand of French banking giant Crédit Agricole Group said.

LGT wins global accolades for its ESG investing and philanthropy offering

The bank was the recipient of the global ESG Investing and Philanthropy Service Offering awards.

Passing on a family business in Switzerland: what options are open to entrepreneurs today?

This can be a very painful process, particularly in the case of intra-family transfers.

Kermitted Asset Management: Natural end

The chairman of Kermitted Asset Management offers a last, last word on why ESG is a matter of perspective

Luzerner Kantonalbank AG increases profit forecast for 2024

LUKB cites the bank's generally improved earnings situation - including in the investment and trading business - as well as active interest rate risk management in an environment of falling interest rates.

HNW spending heralds a return to the Roaring 20s

Buoyed by financial optimism, HNWs are spending more on luxury, Julius Baer reports

Schroder Investment Solutions celebrates third anniversary as AUM passes £6 billion

This award-winning proposition has attracted 238 new adviser firms since launch, bringing the total number of firms that have signed terms of business for SIS model portfolios to 349.

Tavistock shares jump after it confirms talks with Saltus

Citywire reported yesterday that private equity-backed Saltus has made a bid for Tavistock’s national advice business.

TEAM “well-placed for international growth on back of wealth exodus”

In March, TEAM raised £1.8 million in capital and is currently in advanced discussions with a strategic investor for additional funding and deeper collaboration.

From zero to £37bn in 16 months: Inside SJP’s Polaris funds

St James’s Place’s multi-asset fund range is close to overtaking Vanguard LifeStrategy in size less than two years after its launch.

EFG Private Bank launches Independent Asset Management platform for UK

Head of independent asset managers UK Ian Wright to oversee

Wealth and Asset Management