Wealth management

2

Rathbones loses sixth director to Close Bros in 18 months

Close Brothers Asset Management has hired its sixth director from Rathbones in 18 months, appointing investment director Andrew Hess to manage its bespoke service for high net worth clients. Hess (pictured) was at Rathbones for 18 years before becoming a managing director to CBAM’s bespoke investment management service. He has worked over 30 years in […]

3

How advisers invest: ‘We buy managers, not funds’

KW Wealth chief investment strategist Richard Stammers on retaining control of its investment management and involving clients in decision making Is your approach to investment management in-house, outsourced or a combination of both?We do it ourselves. We have two businesses – the wealth platform and the investment management business. Our view is that wealth management […]

Advice portal launched for wealth managers

Fintech provider Focus Solutions has launched focus:wealth which offers a customisable client portal to better manage the customer journey. Focus Solutions says the features of the focus:wealth system will create a more integrated and efficient way for wealth managers to engage, advise and retain clients. The functionality includes tools for managing interested party relationships, creating […]

3

Profile: Tilney boss on juggling financial planning and investment management

Tilney chief on providing financial planning while attracting investment management business from external advisers Nobody likes being the new kid at school – even those at the top. So, a year on from becoming chief executive of wealth manager Tilney, Chris Woodhouse is happy to be “part of the wallpaper”. His strategy has been clear […]

JP Morgan to set up Luxembourg wealth management unit in Brexit move

JP Morgan is to move some of its wealth management operations from London to Luxembourg ahead of the UK leaving the EU. According to the Financial Times, some investment banking and corporate banking operations will also move. The US firm plans to create a “significant” business in Luxembourg, according to the report, which will allow […]

Apple

Former Sesame boss launches DFM

Former Sesame Bankhall chief executive George Higginson and ex-HSBC global head of wealth insurance Geoff Brooks have launched a discretionary fund manager. Alpha Beta Partners offers a range of actively managed and passive portfolios investing in ETFs, investment trusts and direct securities. The business was originally launched last year by Kevin Doran under the name […]

Business-Handshake-Finance-Deal-700.jpg

Rathbones to drop Speirs & Jeffrey name after £104m acquisition

Scotland’s largest independent wealth manager Speirs & Jeffrey will change its name after its £104m acquisition by Rathbones. Rathbones announced this morning it is buying Speirs & Jeffrey, which has funds under management of £6.7bn. The initial consideration of £104m comprises £79m cash and £25m through the issue of new Rathbone shares. Rathbones is also lining […]