London firm adds £150m buying Hertfordshire IFA

HFMC Wealth has bought Hertfordshire IFA Generic Financial Management adding £150m in assets under advice to the business. HFMC, which has offices in London and Weybridge, acquired the firm for up to £3m. Two directors at Generic, David Verney and Marc Ruse, will become private client directors at HFMC. Managing director Paul Thomas will lead […]


Brexit fears over third of EU assets managed in UK

European savers continue to entrust the UK’s asset managers with their investments. According to Investment Association data, total assets managed in the UK on behalf of European clients jumped by nearly 30 per cent in 2016 to reach £1.8trn at the end of last year. Europe makes up the biggest chunk of total overseas assets […]

Scottish Widows hands £30bn fund contract to BlackRock after kicking Standard Life Aberdeen off mandate

BlackRock has won a bidding war to manage £30bn of Scottish Widows’ index strategies after parent company Lloyds terminated a major contract with Standard Life Aberdeen to run the money. Aberdeen Asset Management had managed nearly £110bn in Scottish Widows Investment Partnership funds prior to its merger with Standard Life. However, Lloyds said it thought […]

Alistair Cunningham: Drilling down into capacity for loss

Assessing clients’ capacity for loss requires a different conversation to risk tolerance but advisers’ views on digging deeper will vary. Risk profiling questionnaires have significant issues and we use them as part of a far broader discussion of the investment risk someone is willing and able to take. Capacity for loss is a related but […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment