View more on these topics

Martin Currie makes independence move

Martin Currie has sold almost 25 per cent of its equity to Crestview and Lord Rothschild in a bid to widen its on-going independence. The move, which is subject to regulatory approval, will see New York based investment firm Crestview take on 17.43 per cent, while 7.47 per cent will go to investment vehicles associated with Lord Rothschild.

Martin Currie CEO Willie Watt says the move will ensure the firms independence ethos, a crucial factor in attracting staff and making long-term decisions.

He says: “It provides the limited liquidity we need, and facilitates the orderly transfer of ownership from one generation of employees to the next. By exercising options, as part of this transaction 26 of our key investment personnel and more recent recruits will become larger shareholders in the business. This is a strong vote of confidence, both in the transaction itself and in Martin Currie’s future.

“The second reason is that the parties making this investment in Martin Currie bring extensive experience, contacts and standing in our field. They will add significantly to our business through being able to help us with both the development of our investment approach and skills, and our strategy for the next phase of our growth.”

Crestview Partners Richard DeMartin says: “We firmly believe that Martin Currie is uniquely positioned due to its ownership structure, product focus and strong performance credentials. We are deeply impressed by Willie Watt, his senior management team and the depth and quality of the investment talent in the firm. As such we are delighted to be a partner in Martin Currie’s future growth. ”


Advisers told they should tie for Sipps

Consumers do not care if IFAs are independent and pension advisers should tie to Sipp providers because there is no value in being independent, claims Merchant Investors head of sales and marketing Richard Ellis.He says if an IFA is tied to one Sipp provider, this leaves the adviser free to concentrate on advising clients on […]

Big contracts follow Barber in IFG move

IFG Financial Services has picked up the introducer contract for UHY Hacker Young Chartered Accountants subsidiary UHY Financial Planning (Manchester) from AWD.The contract is coming with Paul Barber, a former manager in the wealth management division at AWD, who is moving to IFG in what the firm is calling the first-ever poaching of an adviser […]

Paul Wilcox

A background in mechanics and accounting has helped the founder of IHT planning specialist Way Group design the sort of engineered strategies needed to mitigate against the tax in an era when booming house prices have pushed more people over the threshold. By Will Henley

Pensions Dashboards around the World

Steve Webb’s latest policy paper British savers risk being left in the ‘slow lane’ unless the UK Government takes a more active role in ensuring the successful delivery of a Pensions Dashboard. The report, ‘Pensions Dashboards around the World’, coincided with a major conference that was held on Monday 16 May and brought together experts […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm