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Fidelius Group acquires Bath-based IFA

Adds £105m AUM

Fidelius acquires Bath-based IFA

There will be no changes in the costs to clients of the IFA, Fidelius said, though it added the business would benefit from the economies of scale, technology and administration of the larger firm.

Zurich seals $3.94bn deal to buy MetLife's US property and casualty arm

"We expect the new business to contribute to growth beginning this quarter and start building on the leading positions that Zurich and the Farmers Exchanges have separately developed in the attractive US market."

Atom Bank valuation halves on £40m raise

The app-based outfit says lending to SMEs on its balance sheet has tripled over the last 12 months to over £700 million.

Octopus launches Octopus Moneycoach following acquisition of financial coaching provider Hatch

Octopus Moneycoach works primarily with employers, who offer its services as part of their workplace benefits, with existing clients that include MoneySuperMarket, Sony Interactive Entertainment, Epson, and Experian.

Momentum Global IM to rebrand funds following Seneca acquisition

All five funds are highly diversified portfolios investing in a wide range of global asset classes such as equities (both directly in the UK and selected third party managers overseas), fixed income, cash, property, and alternative strategies.

City abandons idea for £300m listed COVID recovery fund

The project, which was the brainchild of LSEG chief David Schwimmer, has been quietly abandoned, insiders have told Sky News.

Highvern Establishes London Office

Moving forward, the London office will be able to service clients not only from Jersey but will also be able to respond to a growing demand to service clients with UK based private wealth and corporate structuring requirements.

Google rejigs remote working as it reopens offices

Google is currently preparing for a broad reopening in September, when employees will be expected to be in the office for at least three days a week.

AURELIUS acquires AutoRestore Limited from Belron International

Rivus, Pullman and AutoRestore together solidify market leadership in fleet management and accident repair developed by AURELUS since its first acquisition in the sector in a complex corporate carve-out from BT Group in 2019.

BNP Paribas to partner with Baringa in the development of its climate scenario analysis capability

his partnership between BNP Paribas and Baringa will help to develop the standards for embedding climate scenario analysis within one of the world’s largest banking institutions.

Lumin Wealth buys Hertfordshire-based financial advice firm

Brings AUM to £600m

Ascentric and Prudential Financial Planning names disappear in rebrand

Together we are greater than the sum of our parts – and I want that to be fully reflective in our brand and visual identity.

Russell partners with Hamilton Lane to expand private markets arm

As part of the partnership Hamilton Lane will take a $90m stake in Russell Investments

European ESG and sustainable fund market worth estimated €2.5trn

Managers have plans to enhance existing strategies, reclassify funds, and launch new ones that will meet at least Article 8 requirements. Morningstar added.

Apex enhances Loan Agency offering

Apex’s Capital Markets business supports clients planning and executing a broad cross-section of capital markets transactions to facilitate growth, respond to regulatory change, or manage risk.

A Time of Universal Deceit

“What really broke Germany was the constant taking of the soft political option in respect of money..”

BNP Paribas to provide investors with sustainability analytics from Clarity AI

Through this first partnership, Manaos users can have access to Clarity AI’s sustainability insights and services, covering more than 30,000 companies, 400 country and local governments and 200,000 investment funds[1].

Credit Suisse expects significant losses after US hedge fund defaults on margin calls

Swiss bank's announcement follows Archegos Capital Management announcing liquidation of $20bn worth of shares.

Half of advisers report increase in clients

Advisers expected these trends to continue with 53 per cent saying there would be more new clients seeking advice, compared to just 3 per cent who thought there would be fewer.

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