Wrap and platforms

Where will the Quilter-Lighthouse tie-up take its advisers?

Questions still remain over branding, restrictions, location and focus, but deal could be a positive one for both companies The advice world has a new power-couple after shareholders in national firm Lighthouse agreed to a takeover by Quilter last week. Lighthouse shareholders gave their overwhelming blessing to a marriage between Quilter and the firm, with […]

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Can advisers cut out platforms with in-house alternatives?

Technological advances pose fresh headaches for traditional providers The platform market has been ripe for consolidation for a number of years. Competition has led to downward pressure on fees, but as platforms struggle to differentiate themselves – and protect margins – many have launched additional tools, which are not always wanted by advisory clients. Opinions […]

Lloyds and Schroders advice venture names exec team

Lloyds Bank and Schroders have appointed a nine-person executive team under incoming chief executive James Rainbow for their advice joint venture, Schroders Personal Wealth. Rainbow’s position, along with that of Scottish Widows chief executive Antonio Lorenzo as chair, were revealed last October. The executive team are internal hires from the two companies: Executive Former position […]

Royal London profits up 20% as DB transfers boost pension business

Royal London boosted profits by 20 per cent last year to reach £396m on the back of an increase in pension sales. Individual pension sales increased from £6.3bn to £6.8bn, despite a number of headwinds for the sector as a whole including the end of the auto-enrolment roll-out, turbulent market conditions as a result of […]

Platform costs

Quilter eyes higher-value clients with platform upgrade

Quilter has said that its new platform will help it win business from higher-net-worth clients by expanding the range of investments available. The advice and wealth management group formerly known as Old Mutual Wealth says that it is currently in the “soft launch phase” for a new platform. Assets should be migrated across around autumn, […]

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True Potential sale talks heat up as major asset managers circle

Two major asset managers, Franklin Templeton and T Rowe Price, have been involved in talks to buy platform, fund management and advice business True Potential, Money Marketing understands. In September last year Sky News reported that True Potential could be valued up to £2bn. The company itself announced Perella Weinberg Partners had been appointed to […]