View more on these topics

SCM Private sets up advice arm

Former New Star chief investment officer Alan Miller has set up an advisory offshoot of wealth management business SCM Private.

SCM Financial Planning will follow the low-cost, index fund-based approach to investing used by the wealth management business. It will be headed by chartered financial planner Susan Hill, with investment management advice provided by Miller as chief investment officer.

SCM Financial Planning sales and marketing director Gina Miller says: “We believe this is the right time to set up a new model financial advisory service. Our approach is simple. We want to extend choice, guide clients through the thicket of financial and investment products and legislative changes to provide them with exceptional advice that empowers them to achieve their financial goals and ambitions.”

Chelsea Financial Services managing director Darius McDermott says: “It makes sense to launch this offshoot, given that SCM Private is positioned as an RDR-ready offering.”


Numis backs hedges as cushion

Numis Securities expects listed multi-strategy funds of hedge funds to provide a cushion against equity market falls rather than full capital protection, as exposure to equity long/short managers means some correlation to equity markets is inevitable. The research firm says market conditions seem to resemble those of 2008, with falls in most asset classes, high […]


Money Advice Service chief defends TV ad claims

Money Advice Service chief executive Toby Hobman has defended the use of the words free, unbiased and independent in its recent TV ad. In an interview with Money Marketing at the LibDem conference in Birmingham this week, Hobman said the use of the wording was justified and was not intended to undermine the role of […]


Claim firms go fishing around mortgages

Natalie Holt reports that claim management companies are looking to mortgages as a new boom area for misselling compensation but their tactics have been called into question

Muddle age crisis

Conference calls between the leaders of Germany, France and Greece. President Obama offering advice to the EU and sending his Treasury secretary to lay down the law. Disappointing employment numbers here in the UK and electrical retailer Comet teetering on the brink of collapse. There is plenty to consider without taking into account a personally […]


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