- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Söderberg & Partners buys stake in financial planning firm

Existing Generation staff will remain in place but will have extra functionality in the way the firm offers client advice and support services.

Benchmark buys IFA firm adding £111mn in client assets

The firm said it supports Benchmark's strategy to expand its advice business across the UK and support financial planning businesses.

Nick Train buys more Diageo despite profit warning hit to Finsbury Growth & Income

Performance would have been better,

European mortgage market set for lowest growth in a decade

High rates and inflation and slowing economies have taken their toll on demand, finds EY report

TILLIT publishes first performance report for its curated fund universe in transparency drive

The regulator has urged firms operating best buy lists that the process for clear selection, monitoring and deselection should be documented, understood and followed.

Record ETF inflows in November 2023

European Ucits ETFs specifically achieved impressive growth, attracting €18.1 billion, marking the second-highest monthly inflow for the year.

Guernsey-domiciled Gresham House fund raises £450m to support sustainable infrastructure solutions

The fund is backed by twelve investors

Hargreaves Lansdown consults on nine resolutions following AGM dissent

Includes performance share plan

Hot labour markets show signs of cooling but risk of central banks overshooting remains

This follows US job openings data published earlier this week which also came in below expectations, suggesting tightness in the labour market is starting to dissipate.

Why Premier Miton bought boutique firm Tellworth

O’Shea said the current volatile markets, where most firms are experiencing outflows, means the firm is seeing more potential acquisition opportunities.

Allianz GI CIO Virginie Maisonneuve: We are taking AI integration as seriously as ESG

‘Digital Darwinsim’

Schiehallion slide adds to ‘bruising’ half-year for Baillie Gifford’s Monks

Half-year results show that Baillie Gifford global equity trust Monks has been weighed down by a derating in the group’s listed private equity fund Schiehallion.

Eurobank Asset Management backs Mintus with strategic investment

This synergy aims to revolutionise the accessibility and variety of alternative assets available to investors.

Eurobank Asset Management MFMC invests in Mintus

This investment will trigger further collaboration between the parties in the field of alternative investment asset categories.

UK Pension Trustees: is switching advisers the right thing to do?

Given the complexity of pension funds and the need for trust in the relationship, adviser appointments are generally long-term affairs.

Baillie Gifford and EdenTree funds lose Square Mile A rating

Four new ratings

Fall in long-term gilts continues to boost DB funding

Funding position of 50% hedged schemes climbed to 98.3% nearing self-sufficiency

Generali Group receives the Transatlantic Award

The award was conferred by the American Chamber of Commerce in Italy for the acquisition of Conning Holdings Limited

Advisers warned to ‘be proactive’ on Isas or risk losing clients

“Advisers need to make sure they are proactive with their clients and explain the potential risks to their savings in a cash Isa, when indications are that interest rates may start to fall next year,” he said.

River and Mercantile rebrands to River Global

Follows three acquisitions

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