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Advisers urged to check on fund firms’ stability

JP Morgan head of UK sales Jasper Berens believes that advisers need to take greater heed of the stability of an asset management firm before deciding to invest client money into one of its funds.

Berens says that after the actual performance of the fund, advisers must make the long-term presence of a firm a priority concern before investing, particularly with the amount of deals that have happened in the past few years.

He says: “If you were to look at the top 20 firms for total funds under management now and again in five years time, there are bound to be names that are no longer there and advisers need to weigh those factors in before selecting funds.

“We went through our own teething problems with our merger in 2000 but the important thing to realise is we are here for the long term, which cannot be said for all firms.”


Cash funds are the dominant asset class in 2007

Money market funds accounted for 39 per cent of assets invested in 2007 due to the market volatility that kicked in towards the end of last year. According to Barclays Stockbrokers, up until quarter 3 fund flows were positive, with investors buying a mixture of cautious and growth investments.But the focus shifted to cash investments […]

Bestinvest offering white-label call centre deal for small IFAs

Bestinvest is to offer adviser firms a white-labelled version of its discretionary management service and use of its call centre to deal with clients’ basic advice needs.Chief executive Andrew Barnes says the company’s model is strong enough to take on the added scale and says he is willing to talk to all firms and not […]

High-street lenders pass on base rate cut

Nationwide has cut its standard variable rate by 0.25 per cent and claims it now has one of the lowest SVRs of the major high-street lenders.The move came after the Bank of England monetary policy committee lowered bank base rate from 5.5 to 5.25 per cent last week.Nationwide, Woolwich, Halifax, Lloyds TSB, Alliance & Leicester […]

Ethical bright spot for funds

Ethical fund business soared by 350 per cent last year to hit a record £473m net retail sales from £136m in 2006.Figures from the Investment Management Association show ethical net retail business was £99.7m in the final quarter, almost double the 2006 figure of £52.6m, but down from £135m in the third quarter last year.Overall […]


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