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Close Brothers - Trading Update

Close Brothers has entered this period of economic uncertainty with a strong capital and liquidity position and is prudently funded.

The wealth manager tipped to be a Covid-19 winner

Tatton Asset Management is one of the firms tipped to clean up after the coronavirus crisis due its potential to scale as it continues to attract intermediary funds for its managed portfolio service.

The winners & losers of the Covid-19 crisis, and where you can find them – Aegon Asset Management’s Rich

Rich continues to explain that many of society’s greatest lessons and innovations have risen out of tragedy.

Where do we gold from here

With low opportunity costs and relative invulnerability to any future rise in inflation, gold is likely to attract more interest from investors.

Investec restructuring costs hit £94m as profits fall 17%

Investec took a 17% hit in profits despite lowering costs, as the firm prepares for a ‘new normal’ following the impact of the coronavirus on the economy.

Gold tipped to surge again as investors maintain appetite amid coronavirus uncertainty

As the Covid-19 pandemic shook global economies this year, an assortment of hedge fund managers have piled into gold on the back of its traditional ‘safe haven’ status.

AJ Bell clients and profit spike as Covid-19 hits AUM

Customer numbers at AJ Bell jumped by 13% in the first six months to the end of March, driving a 28% spike in pre-tax profit to £22.7m.

Technology: Tech will ‘democratise’ wealth management

The data collection was managed during January and early February 2020 and concluded before the effects of Covid-19 reached their peak in the survey’s markets.

Is a wealth tax on the cards to fund UK covid-19 recovery?

As 72% of MPs agree taxes should increase to fund public services

UBS courts tycoons with view to doubling of Russian wealth business

Western banks limited their activity in Russia after sanctions were imposed on Moscow in 2014, freezing the funds of some wealthy Russians, with further measures imposed by the United States in 2018.

Schroders Personal Wealth embarks on hiring spree

The firm has said that bonuses will be based on a “balanced scorecard” of measures rather than just revenue generation.

Ninety One announces its maiden results for FY20

This was a pivotal period in the evolution of our business.

Close Brothers Asset Finance launches free-to-use SME research data hub

The only requirement the company has placed on the use of the data is that it must be credited by the user as the source of the data.

Value for today’s wealth managers via comprehensive cloud-based solution

Now is a convenient time for wealth managers to explore ways to enhance the comprehensiveness of their platforms.

DFMs adapt in battle to find new clients

Several wealth managers have had ‘eye-opening’ experiences when using technology to replace face-to-face meetings with prospective new clients.

Spanish bank launches new discretionary offering

On the contrary, the model will require a further confirmation of bullish scenarios in order to increase equity positions.

Fairstone gains £104m assets in fifth deal of 2020

Fairstone recently confirmed it was honouring all bonuses and pay rises amid the coronavirus lockdown after cutting £1.4m in costs from the business.

Julius Baer reports strong increase in client activity

Despite the increased order and trade volumes following the COVID-19 outbreak, Julius Baer has continued to operate and deliver its products and services with virtually no interruptions.

DB Privat-und Firmenkundenbank merges with Deutsche Bank

The merger of the legal entities is an important element of the transformation for which Deutsche Bank set itself ambitious goals in summer 2019

Hargreaves Lansdown founders suffer £1bn hit to personal wealth

Portfolio Adviser examines how investment industry figures fared in the latest Sunday Times Rich List

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