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Abrdn CEO defends turnaround plan: ‘Headwinds have been stronger than I anticipated’

Bird, who dubbed himself the 'reset guy' when he became Abrdn CEO in 2020, said the asset manager was better diversified than it was three years ago

Personalized Financial Outreach Wins More Clients, per Broadridge

The company’s general manager, Kevin Darlington, explains how personalized messages—sometimes aided by AI—produce proven results for investor engagement.

Octopus duo set up firm through M&G Wealth academy

Octopus Investments sales managers Tom Wood and Joe Payne have retrained as advisers and formed Fortify Wealth under the M&G academy.

Gold prices should consolidate

This means that as the USD weakens in the second half of the year, gold will rise given longstanding negative correlations with the greenback.

Square Mile CEO steps up to lead Titan AM as FCA approves acquisition

Square Mile’s Richard Romer-Lee has joined Paul Hunt as co-chief executive of Titan Asset Management after the acquisition has received regulatory approval.

UBS: High-yield bonds in euros are attractive

This should help keep defaults not only below long-term averages

LLB Group significantly increases profits

The LLB Group was able to maintain its growth momentum in the 2023 financial year.

SJP co-founder and former RIT chair Jacob Rothschild dies aged 87

Stepped down from RIT in 2019

The hottest topic in private banking at the moment

Private bankers are returning from this region with bright eyes and spreading an optimism that has not been seen for a long time.

Deutsche Bank: Ex-CS squad feels IT breakdown in its own pocket

The background to the sanction against management is the failed migration of Postbank's IT data to Deutsche Bank's systems.

Schroders Solutions client secures £114m buy-in

Schroders Solutions, the £212.1 billion global capability, has a long-standing relationship with the trustees of Vector Pension Scheme, a valued Fiduciary Management client, for over 15 years.

StanChart records $14bn wealth inflows as it announces strategic overhaul

The British lender is to cut $1.5bn of costs, buy back $1bn of shares and distribute $5bn over the next three years as it looks to bolster its ailing share price.

SJP’s Onuekwusi: Fee unbundling will make our funds look better

Justin Onuekwusi says the performance of SJP strategies has been ‘pretty good’ over the long term and that clarity over fees will help like-for-like comparisons.

Nucleus replatforming project could take five years, says Fundscape CEO

Bella Caridade-Ferreira is our guest on the latest episode of The Advice Show.

Lombard Odier lands prestigious pension mandate

With this, the British hope to achieve sustainable income and solid investment returns.

Northern Trust Appointed by Sanlam Asset Management (Ireland) Limited

Appointment Confirms Northern Trust as Sole Asset Servicing Provider for US$8.7 billion Investment Management Platform

WealthOS wins contract with Quai Digital

This partnership marks a significant delivery milestone in WealthOS’s history since its £2 million pound seeding investment led by Barclays in Q4, 2023.

Söderberg adds performance reporting tool following platform launch

Advisers will be able to show capital and income returns across single and multiple accounts.

Wealth Club launches portfolio service ‘40% cheaper’ than DFMs

The service, managed by investment research head Jonathan Moyes, has average ongoing costs of 1.08%.

HSBC Holdings plc Annual Results 2023

This reflected four years of hard work and the strength of our balance sheet in a higher interest rate environment.

Wealth and Asset Management