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

AJ Bell adds 25,000 platform customers as AUA hits £83bn

The number of advised customers on its platform rose to 168,000, up 7% in the last year and 2% in the quarter.

Grant Thornton explores three-way merger

Accounting firm’s US arm proposes takeover of UK and Irish businesses

Defaqto acquires fund ratings firm RSMR

This deal will extend access to Fintel’s adviser client base and draw on resources from across Fintel PLC to accelerate distribution of RSMR’s proposition.

Transact reports strong flows amid board changes

The update, by parent company IntegraFin Holdings plc (IHP), covers performance for the three months ended 30 June 2024.

Wren Sterling acquires financial planning division of Howe Maxted Group

Wren Sterling now operates from 14 offices covering 12 locations across the UK with other deals at advanced stages, which will further grow its network.

Pension Buy-Ins and Illiquid Assets

Buy-ins provide a valuable risk transfer mechanism, allowing pension schemes to secure their financial position and protect members’ benefits.

AJ Bell urges chancellor to merge Isas to boost investing

This would incorporate cash Isas, stocks and shares Isas, junior Isas and innovative finance Isas.

TILLIT adds five new funds to platform

The TILLIT Investment Committee has confirmed and onboarded five new funds to the TILLIT Universe.

Disused Lloyds office sites to be converted into social housing

Bank launches project by selling Pudsey site as CEO says Labour’s commitment to sector is ‘clearer’ than last government’s

Five top European equity funds year-to-date

FSA looks at five top-performing European equity funds available for distribution in Hong Kong and Singapore.

Sharjah debuts in euros to ease funding pressure: IFR

A banker involved in the deal said that it was primarily marketed to European credit funds, emerging markets investors and Middle East accounts

Legal & General launches new fund to deliver affordable housing across England

The fund has received a cornerstone commitment of £125m from ACCESS Pool to manage its affordable housing investment strategy, showcasing combined commitment to increasing much-needed affordable housing supply in England.

Oliver Wyman advises on setup of National Wealth Fund

Oliver Wyman is undergoing a meteoric rise in the strategy consulting market.

Basingstoke advice network partners with 7IM

They will be able to use the whole-of-market investment products and tax wrappers

European ETFs gain record quarterly net flows in Q2 24

Global and US large-cap equity funds remained the most favoured market exposures.

ECB to dominate focus for traders in busy week of UK data

Wage growth has also remained too high while an improving economic outlook has strengthened the hawkish case.

Skerritts secures double acquisition

The companies, Black Swan Financial Planning in London, and KMG in Horley, Surrey, add more than £900m to Skerritts’ assets under management

Grant Thornton positions itself for private equity backing

The news follows a similar move by the professional services network’s US member in the spring of 2024.

Funds return to modest outflow in May as ISA season boost fades – IA monthly stats release

Combined sales of £3.6 billion in March and April were boosted by investors topping up their stocks and shares ISAs at the end of the 23/24 tax year and investing early to maximise returns in the new tax year.

What does the merger of Alliance Trust and Witan mean for advisers?

The Witan investment trust operates as a multi-manager fund

Alternative Investments