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SimplyBiz in deal for Buckles funds

SimplyBiz has linked up with Buckles in a deal that will see it distribute Buckles’ Snowdonia fund range through its 4,000 IFAs. The Snowdonia suite was launched in October 2004 and has 150m under management across four funds.

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Venture firm takes 22.5% stake in LEBC

Venture capital firm BP Marsh & Partners is set to pay almost 2m for the 22.5 per cent equity stake it has acquired in national IFA firm LEBC.The initial investment is 1.78m with a potential final payment of up to a further 182,250 based on the audited results to May 31, 2007 – a total […]

Reshuffle at Schroders

Schroders has appointed Jonathan Asquith and Massimo Tosato as vicechairmen. Alan Brown takes over as chief investment officer, with head of group finance Stephen Brooks taking over from Asquith as chief financial officer.

Hallelujah trail

Trail commission on Oeics and unit trusts has been paid for a number of years. IFAs typically receive 0.5 per cent of invested funds, with no requirement to do anything to receive this payment.

Spring has sprung

Well, it’s been lovely to see a little bit of sunshine, even if it was only a brief appearance. I live in Scotland so, believe me, it was very brief.  Of course, with even the tiniest hint of spring, thoughts turn to the inevitable clearout that must take place.  And that got me to thinking […]

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