Sandringham Financial Partners took on £1 million of additional debt in 2016 to fund its growth plans, its accounts show. The size of the company’s liabilities are revealed in its full year results for 2016, which have just been filed with Companies House. In total, the Yorkshire-based network had net liabilities of £5,208,678 – an […]
In August, Aviva sold its Italian joint venture to Banco BPM
Aegon is clear it does not intend to participate in distribution
Cost-cutting drive has resulted in a “small proportion” of redundancies
New York titan Goldman Sachs is looking to target retail clients in the U with a new savings account. The investment bank recently launched a mass market offering in the US, and is now looking to replicate its high-interest online savings accounts, and potentially a digital consumer-lending platform, in the UK, according to Goldman’s head […]
True Potential’s discretionary portfolios have attracted £2bn in the past year, with inflows up 200 per cent. The firm has announced that the 10-strong suite of funds are currently seeing daily inflows of £10m, with the range now holding £3bn in assets under management. The figures have been released as model portfolios come under the […]
Nearly half of Money Marketing readers think that advisers should have discretionary permissions, our latest poll shows. In a survey of 120 readers on the Money Marketing website, 43 per cent said advisers should have discretionary permissions. 40 per cent said they should not, and 17 per cent remained undecided. Many discretionary managers have reported […]
The proposals affect 86 people based in Southend and 34 people employed in field work across the UK
Chris Smeaton joins as commercial marketing group head from James Hay
Tatton Asset Management is set to float on the London Stock Exchange next month, bringing both its DFM service and support service network Paradigm to the public market. Tatton hopes to raise £50m from the deal. The firm will list as Tatton Asset Management, splitting into three subsidiaries: Tatton Capital Limited for DFM services; Paradigm […]
Coutts, the 325-year old private bank, has confirmed it is eyeing the launch of an automated advice service aimed at the pension and retirement market. Camilla Stowell, the head of Coutts International and Coutts Private Office tells Money Marketing the Queen’s bank, which has recently launched an online investment hub for its clients, is working […]
Tilney saw its assets under management and revenue more than double last year on the back of major acquisitions. Assets were up 138 per cent and revenues up 209 per cent, boosted by the acquisitions of Ingenious Asset Management and Towry Group, which completed in April and July respectively. Assets under management were £22.4bn in 2016 […]
St James’s Place’s 2016 results dropped a few weeks ago, and it proved to be another bumper year for the advice market giant. SJP reported profits of £140.6m, alongside record gross inflows of £11.4bn over the year. But the firm has come under fire in recent months over complaints and charges. Money Marketing has dug into the […]
You might not expect the chairman of a large adviser network to admit he was interested in Marxism as a young man, yet Sesame Bankhall Group’s John Cowan is very open about his past. Then again, not every financial services boss was raised in tenement housing without hot water or central heating, and with one shared […]
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In a recent article titled ‘Are advisers doing their homework on fund selection’, Money Marketing editor Natalie Holt raised the potential threat of an FCA thematic review if advice firms don’t improve their fund selection processes. She also highlighted a number of challenges advisers face when attempting to do so. The piece confronted a number […]
The words “independent advice” don’t normally conjure up images of a £3.5bn national behemoth acquiring other firms at a rate of roughly ten a year. That’s why consolidator Bellpenny’s decision to launch an independent advice arm will come as a surprise for many. The traditional notion of independent advice seems at complete odds with […]
