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

Jupiter chief banks on growth to revive fund manager’s fortunes

Matthew Beesley wants to expand overseas and widen product range in bid to stem outflows

FTSE breaks through 8,000 level

Last Week in the City provides a round-up of market movements and the global investing outlook. This covers the week to 17 February 2023.

Richmond Wealth signs MPS deal with L&G to cut costs for clients

As part of the deal, L&G will take on mandatory due diligence required as part of the new consumer duty rules.

AXA Enters the Metaverse Sandbox

With the offering, AXA joins other firms entering the Metaverse which is seen as potentially growing into a $5 trillion market by the end of the decade

Professional services confidence rises in 2023

The respondents – who mostly come from mid-sized professional services firms across the UK – are surveyed to see which project expansion, and those projecting contraction.

abrdn calls time on MyFolio Monthly Income range

As part of rationalisation drive

Curtis Banks cuts fees for new Sipp clients

Head of sales at the Sipp provider, Charles Dewey, said the move will “not only ensure that clients continue to secure greater returns on their investments but also allow those clients who feel that they are trapped with their current provider the o

Swiss Re reports a net income of USD 472 million for 2022, targets more than USD 3 billion for 2023

Based on Swiss Re's very strong capital position, the Board of Directors will propose a dividend of USD 6.40 per share.

Trian Investors 1 distributes all Unilever shares amid wind-up

Commence with liquidation afterwards

Patrinvest unit SFI to invest €400m in Tikehau Capital Advisors

The deal will also make SFI one of the largest individual shareholders in Tikehau Capital.

CVC Income and Growth trust waives 15% performance fee

Effective from 1 January 2023

Broadstone agrees to acquire H&C Consulting Actuaries

The move will mean H&C’s clients and staff will have access to a broader range of services from a larger business, while also enabling it to grow its headcount.

Growth slows and assets shrink at Hargreaves Lansdown as interest rates rescue revenue

Assets under administration fall

Rapid growth sees Simply Asset Finance hits £1 billion lending milestone

During 2022, its Loan Book grew by 36% and Simply Asset Finance was proudly placed in the top 50 of the FT1000 fastest growing businesses in Europe and in the top five for financial services.

Italian fund buys stake in asset manager Anima in play on bank M&A

It secured just above the 7% minimum deal size with a 7.5% premium versus Tuesday's closing price.

Nexus enters administration after FCA action

The administrators said their appointment was "deemed necessary" because of the sole director’s absence from the business and due to concerns relating to the director’s conduct.

Candriam Group takes 80% stake in European real estate manager

Candriam, a “multi-specialist” manager headquartered in Luxembourg but owned by New York Life Investments Company, has around €140 billion in assets under management.

Phil Bray: Why more advisers are disclosing fees on their website

Many advisers tell us they disclose fees on their websites to deliberately deter enquiries from people who are shopping around based on price, aren’t prepared to pay fees or can’t afford to pay.

Mike Tindall opens new Cooper Associates office in Cheltenham

To celebrate our arrival, we held an open evening which was hosted by ex-Gloucester & England player James Forrester and featured rugby legend Mike Tindall

AIC: UK-focused investment trusts offer double discount

UK bulls gaining confidence

Alternative Investments