Daniel Grote

6 days ago | citywire.com | Sophie Downes |Himanshu Singh |Daniel Grote |Dylan Lobo

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1 week ago | citywire.com | Daniel Grote

Foster Denovo has scrapped bundled charging on its £238m Sequel fund range so that advice fees are split out for clients. The national advice business made the move after receiving FCA guidance that it could compulsorily switch clients’ fund share classes. Sequel Investments, Foster Denovo’s investment arm, last week switched investors in its Balanced, Cautious and Growth Target Return funds out of share classes which included adviser fees. Already have an account?

3 weeks ago | citywire.com | Daniel Grote |Michelle McGagh |John Schaffer |Nour Azhar

The FTSE 100 showed signs of unease this morning after US markets plunged on Monday. UK blue chips edged up 0.14%, or 11 points, to 8,288. This was a positive outcome, given the risk-off sentiment spreading around the globe. It also suggests signs of ongoing positive momentum after the FTSE ended last week with its sixth consecutive session in the green.

3 weeks ago | citywire.com | Daniel Grote |John Schaffer |Himanshu Singh |Nour Azhar

Evelyn Partners has appointed Alex Gersh as its new chief financial officer, replacing Andrew Baddeley who had held the role since 2018. Gersh has more than 30 years of experience, and has worked at both private equity backed and public companies across the UK and the US. He was most recently CFO of New York Stock Exchange-listed payments business Paysafe, in which CVC and Blackstone were major shareholders.

3 weeks ago | citywire.com | Ebbani Juneja |Daniel Grote |Dylan Lobo |Michelle McGagh

Few investment mandates are more cherished by fund managers than those awarded by St James’s Place (SJP). Winning a contract to run money for the UK’s largest financial advice business can play a crucial role in a fund manager’s asset-gathering – and losing one can deliver a devastating blow.