In last week’s Profile, we said Aegon Asset Management’s Andrew Fleming was previously global CEO at ABN Amro Asset Management and deputy CEO at Gartmore when he was CIO and deputy CIO respectively. We apologise for any confusion.
Panellists continued to concentrate their Aggressive Adviser Fund Index portfolios during the May rebalancing. The number of funds in the index fell by 11 to 103 and followed a similar reduction last November.
Shareholders and former Kilminster advisers are investigating taking legal action against Malcolm Kilminster over the recent deal between Kilminster Financial Management and Alpha 2 Omega after it emerged that KFM looks set for liquidation.
FSA director of enforcement Margaret Cole told delegates at the FSA Financial Enforcement Conference in London today that enforcement activity is at the forefront of its drive to achieve credible deterrence.
President-elect Trump has suggested withdrawing from the North American Free Trade Agreement (NAFTA) and ending negotiations over the Trans-Pacific Partnership (TPP), albeit there is considerable uncertainty over what he will, or even can, do. If one of the main consequences of the election of Donald Trump is US protectionism, it’s worth considering who stands to […]
Advisers are avoiding putting all their eggs in the passives basket Few advisers have wholeheartedly taken on board the arguments for index-tracking and put all their eggs in the passives basket. Indeed, advisers are deeply split in their attitudes towards passive investing. There is no denying funds in passive investment vehicles have been on the […]
A weekly account of the curious goings-on in the world of financial services Fussy financial felines With the average salary for financial advisers continuing to grow, one has to wonder what privileges immediate family members are able to enjoy. Perhaps most important to the families that own them are cats. Thanks to Twitter, WSJ can […]