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VZ Group sees assets grow to CHF 6bn in H1

The group increased its net profit to CHF 77m in the first half of the year.

WH Ireland boss: We won't make acquisitions until we are profitable

Bishop’s predecessor Steve Ford had previously told FTAdviser he expected the unit to grow its AUM to £3bn in the coming years, from £1.6bn at the end of March. Of that, £1bn is managed on a discretionary basis.

UK economy: better-than-expected GDP paves way for more rate rises

Better-than-expected UK economic performance may come at the cost of higher interest rates as the Bank of England is showing new focus on taming inflation

Aviva to complete Succession acquisition and support further consolidation

Succession has established itself as one of the leading consolidators in the UK’s advice and wealth management sector, which is highly fragmented and going through an extended period of busy M&A activity.

CHF 2bn EdR fund downsizes Swiss real estate purchase plans

The subscription period will start on 29 August and run until 9 September.

More Quilter advisers exit as network struggles to recruit

These departures are part of a trend, with almost 100 leaving the network in 2020.

M&G plc Half Year 2022 results

Solid start to new £2.5bn operating capital generation target by 2024

Credit Suisse’s Top Investor Discloses Stake Size

At around 5 percent, sovereign investor Qatar Holdings is the bank’s second largest shareholder, as of November 17.

Even long term outperformers suffer years of underperformance

To outperform over the long-term, investors have to ride out difficult periods.

Quilter plc interim results for the six months ended 30 June 2022

This year global equity markets have experienced one of the worst periods of negative performance in recent years.

Brown Shipley pays out £5.3m for suitability failings

The UK wealth manager paid £5.3m in compensation to redress misleading pension scheme advice, with professional indemnity insurance covering £3.1m.

ABN AMRO reports net profit of EUR 475 million in the second quarter 2022

In the second quarter of 2022, we delivered a net profit of EUR 475 million and an ROE of 8.8%, a good result.

Titan Wealth bolsters proposition with acquisition of Haibun Wealth

Haibun will provide Titan Wealth with another suite of investment products to distribute to its clients and to IFAs, with tax efficient investment products continuing to be in demand from investors.

M&G plc to acquire Continuum (Financial Services)

M&G completed its acquisition of another independent financial advice firm, Sandringham Partners in January 2022.

Proudly supporting Black Women in Asset Management

Schroders’ Kimberley Lewis, Head of Active Ownership, and Remi Olu-Pitan, Head of Multi-asset Growth and Income, have both been actively involved with BWAM since its inception.

‘I’ve never had such a toxic combination of risk factors’: Stonehage Fleming's Smit

Stonehage Fleming’s head of equity management, Gerrit Smit, believes that after heightened uncertainty in the first half of the year there are signs that market risks are stabilising.

LGT Wealth Management strengthens Intermediary Investment Services team following impressive MPS AUM growth.

The firm aims to continue this growth trajectory and to position themselves accordingly

Schroders stays head of the pack in Spot the Dog

Schroders-run funds once again dominate Bestinvest’s Spot the Dog list of repeat poor performers, although market rotation helps many value and income funds bolt from the kennel.

Rothschild & Co.: Strong first half performance

Alexandre de Rothschild, Executive Chairman, commented: “The performance in the first six months of 2022 has continued to be strong, after a record year in 2021."

A Ratings Downgrade Trifecta for Credit Suisse

The downgrade follows Credit Suisse's announcement of a renewed strategic review and weak second-quarter results.

Wealth and Asset Management