Jack Gilbert

3 weeks ago | citywire.com | Jack Gilbert

Mark FitzPatrick joined St James’s Place (SJP) as CEO weeks before the advice giant announced a £426m provision for ongoing advice. Now its on the cusp of of a landmark overhaul of its fees, brought about by the FCA’s consumer duty. In an interview with Citywire New Model Adviser, FitzPatrick talks about how some doubted last year if the business would still be around 12 months later, how he wanted to change the culture, and why some advisers may be leaving the partnership.

3 weeks ago | citywire.com | Jack Gilbert

LONDON: When Brian Hill sold his advice firm Jones Hill in 2020, he was left ‘disillusioned’ with the process. The deal, to consolidator Perspective, was split into a 50% upfront payment, with two deferred payouts of 25%. But a ‘cliff-edge’ exit meant Hill (pictured) received ‘less than I expected’ for the deferred payments, with the firm falling just below a required revenue threshold. Already have an account? Do you personally advise on or manage investments for clients?

4 weeks ago | citywire.com | Jack Gilbert

Mark FitzPatrick joined St James’s Place (SJP) as CEO weeks before the advice giant announced a £426m provision for ongoing advice. Now its on the cusp of of a landmark overhaul of its fees, brought about by the FCA’s consumer duty. In an interview with Citywire New Model Adviser, FitzPatrick talks about how some doubted last year if the business would still be around 12 months later, how he wanted to change the culture, and why some advisers may be leaving the partnership.

4 weeks ago | citywire.com | Sophie Downes |Jack Gilbert |Dylan Lobo |Ebbani Juneja

M&G has announced a distribution partnership with Dai-ichi Life, which will see the Japanese insurance giant take a 15% stake in M&G. Under the deal, M&G will become Dai-ichi Life’s ‘preferred asset management partner’ in Europe, with M&G expecting to generate $6bn (£4.5bn) in net flows from the partnership over the next five years.

4 weeks ago | citywire.com | Jack Gilbert

M&G has announced a distribution partnership with Dai-ichi Life, which will see the Japanese insurance giant take a 15% stake in M&G. Under the deal, M&G will become Dai-ichi Life’s ‘preferred asset management partner’ in Europe, with M&G expecting to generate $6bn in net flows from the partnership over the next five years.