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Novia takes £250k stake in advice firm

Tavistock Investments incorporates advice business Tavistock Partners and discretionary firm Tavistock Wealth.

Speakers confirmed for Guernsey Trust event

The agenda for the day includes a variety of panel sessions

Guernsey Finance debate to assess risk appetite

Guernsey Finance’s annual industry update is getting a fresh look this year, with a debate on risk appetite taking centre stage.

Barclays’ Spanish wealth management division changes hands

Will consolidate its leadership in Spain, gaining approximately 550,000 new customers, mainly from the retail banking and private and personal banking divisions, as well as a network of 270 branches and approxima

Funds gaining traction in discretionary portfolios

JP Morgan Private Bank and UBS Wealth Management see increasing use of funds in discretionary portfolios. A house view is also seen as synonymous with use of funds.

Brewin slashes £13m off tech writedown bill

Along with this impairment charge, the Brewin said would need to pay a further £15 million over the next 10 years under original contracts.

Invesco loses top spot to SJP in rankings

Invesco Perpetual’s status as the UK’s supreme fund management empire could be slipping through its fingers as it prepares to plunge from first to fourth in the domestic fund rankings.

Bellpenny adds £108m assets with Glasgow IFA buy

Its most recent - and largest - buy came last month when it acquired Torquil Clark from Skipton Building Society for an undisclosed sum

Charles Stanley closes Liverpool office

The office was opened in 2010 and from the site on Chapel Street, Charles Stanley offered investment management and employee benefits.

Heartwood: Handelsbanken inflow is 'just getting going'

Heartwood Investment Management’s tie-up with Handelsbanken is already starting to bear fruit, marked by £650 million in gross inflows since the deal completed in May 2013.

Platforms launch new advice services for IFAs

Three platforms Skandia, FundsNetwork and Axa Wealth’s Elevate have developed microsites, services and charging structures to help financial advisers get their businesses in shape.

Coutts sets aside £110m for payments over unsuitable investments

The 300-year-old bank, owned by the Royal Bank of Scotland and whose customers include the Queen, has set aside the provision as part of a review of its advice to clients dating back to about 1950.

Malta emerging as a leading wealth management centre

Malta attracts global investors following changes to trust framework

Pension reforms drive new fund from Amundi

Amundi plans to become one of the first asset managers to launch an international fund in direct response to new thinking around the annuity needs of retirees

Succession completes latest member firm buyout for £3m

The group added that it is on target to acquire the best 50 firms from its membership with £7bn of assets by 2017.

Brewin Dolphin shuts York office

The York office was launched in 2007 after a team defected from Barclays Wealth.

CISI exam candidates globally achieve outstanding results

Results published today show that Chartered Institute for Securities & Investment (CISI) exam candidates globally have achieved some excellent results in the June sitting of the CISI’s most senior examinations.

Bonus culture must be challenged from the top

Is excessive executive pay gradually becoming socially unacceptable?

Elcot takes 25% stake in Premier Asset Management

Partners has offloaded 25.1% of its stake in Premier Asset Management to Elcot Capital Management in a £10 million deal.

Senior asset management and banking names sign Scottish ‘No’ vote letter

The letter argues that the business case for breaking away from the UK is not strong enough and warns that “much is at stake” from voting yes to Scottish independence.

Wealth and Asset Management