Layton Blackham Financial Services has set up its wealth management platform after white-labelling Standard Life’s wrap.The firm is launching with 750 core funds but clients can access funds off the platform for an additional fee. Layton says it will aggregate the annual management charges across the tax wrappers on its platform, with legacy products charged separately. The firm says its asset allocation tools will help clients to find the blend of investments best suited to meet their investment goals, factoring in their attitude to risk and investment timeframe. It will give clients and IFAs at-a-glance access to their investment assets and non-investment assets. Layton Blackham was formed in 1984 as a subsidiary of the Layton Blackham Group, which includes a big firm of UK insurance brokers. It services around 7,000 clients and has £480m funds under management. It focuses on high-net-worth clients and has a portfolio of celebrity clients, which includes Sir Bobby Robson, who has recently switched his assets onto the platform. Head of wealth management and business development David Lambert says: “If we can reduce the annual management charges and improve the investment performance, it goes without saying that it can lead to great savings. The platform shows the money, not the assets, and is therefore easy to follow. We like to think about things differently and hold all the information about the various tax wrappers in one place.”
Falcon parent Sumus has announced the appointment of Andrew Snowball as non-executive director.Snowball will remain as commercial director of Financial Services Advice & Support Limited, which was acquired by Sumus in September for £2m.Snowball says: “Becoming part of the Sumus group was a major strategic step for FSAS and I am delighted to be invited […]
Edeus has appointed ex-Egg chief executive Paul Gratton as a non-executive director to the firm.Gratton has previously worked at Midland Bank, First Direct, Prudential and was involved with Egg from the development stage through to launch. In February this year, Gratton resigned as CEO of Egg when the company was delisted and is now concentrating […]
Is stakeholder still an important part of your pension offering? Yes “I have a lot of clients in the garage trade and it is useful for them if they are moving in and out of employment.” Martin Cox, Freeman and Associates No “I have not done an individual pension for three years. Most of my […]
The Government has attacked the Council of Mortgage Lenders for using “questionable” data in its first-time buyer statistics.The Treasury says it does not recognise any correspondence or messages from the CML about FTBs that are gathered by the trade body because over one fifth of those classed as FTBs by the CML are not actually […]
Just a quick post to alert our followers to the fact that the new Fit for Work service is – according to the rollout map – now available in all geographical areas of England and Wales.
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Latest statistics show personal pensions, in particular, get a bad rap The recently published preliminary estimates from the Office for National Statistics’ Wealth and Assets Survey make for interesting reading with regards to how people view pension savings and how safe they are. The next round of this survey will be even more interesting in light […]
Beaufort Group is planning to add three more firms to its network with one deal expected to finalise next week. Chief executive Andrew Bennett says the other two small to medium-sized firms are expected to join “imminently”. In January, Beaufort Group added Statehouse Group as an appointed representative. The firm is now called Beaufort Financial […]