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1 week ago | 
citywire.com | Joe Stonor |Jack Gilbert
Today we reveal the winners of the best portfolio manager awards.
The winning managers generated the highest risk-adjusted return in their investment sector.
The methodology can be found here. Already have an account? Which of the following best describes your role?
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2 weeks ago | 
citywire.com | Sophie Downes |Joe Stonor
For many wealth firms, the FCA’s decision to hit pause on SDR for portfolio management was not only welcomed, but largely expected. Firms had been vocal about the difficulties of meeting the regulation under its initial timeline, and the following extensions only confirmed greater clarity was needed. Speaking at a conference at the time of the announcement, the regulator’s ESG head Sacha Sadan said it was ‘really important’ that he address the difficulties around SDR.
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3 weeks ago | 
citywire.com | Jack Gilbert |Selin Bucak |Joe Stonor
LONDON: The number of advisers working at private equity-backed advice firms has doubled in 2024 to over 10,000, according to Citywire’s latest PE Leaderboard.
On the back of several major deals last year, the number of private equity-backed firms have risen from 36 to 40.
Across these firms, the 10,481 advisers now account for around 28% of all investment advisers in the UK, measured against the total of 37,136, according to the most recent data from the FCA. Already have an account?
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4 weeks ago | 
citywire.com | Jack Gilbert |Selin Bucak |Joe Stonor
The number of advisers working at private equity-backed advice firms has doubled in 2024 to over 10,000, according to Citywire’s latest PE Leaderboard.
On the back of several major deals last year, the number of private equity-backed firms have risen from 36 to 40.
Across these firms, the 10,481 advisers now account for around 28% of all investment advisers in the UK, measured against the total of 37,136, according to the most recent data from the FCA. Already have an account?
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1 month ago | 
citywire.com | Daniel Grote |Himanshu Singh |Joe Stonor |Victoria Bell
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1 month ago | 
citywire.com | Daniel Grote |Natalia Vasnier |Joe Stonor |Victoria Bell
While MPS providers have struggled amid a poor US market performance, Chetwood Investment Management has managed to buck the trend.
According to its factsheets, the firm’s tailored strategic growth MPS delivered 11.7% compared to its equivalent ARC benchmark, 8.3%, in the year to the end of March. Its tailored strategic decumulation portfolio also delivered a similar return.
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1 month ago | 
citywire.com | Daniel Grote |Joe Stonor |Victoria Bell |Jack Gilbert
National consolidator One Four Nine Wealth has been awarded chartered status by the Chartered Insurance Institute (CII) despite the firm’s holding company failing to file accounts for two years in a row.
The CII’s chartered status serves as a ‘public declaration of professional standards’ and supports ‘public trust in the insurance and financial planning professions,’ according to CII president Nicola Stacey.
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1 month ago | 
citywire.com | Daniel Grote |Joe Stonor |Victoria Bell |Jack Gilbert
National consolidator One Four Nine Wealth has been awarded chartered status by the Chartered Insurance Institute (CII) despite the firm’s holding company failing to file accounts for two years in a row. The CII’s chartered status serves as a ‘public declaration of professional standards’ and supports ‘public trust in the insurance and financial planning professions,’ according to CII president Nicola Stacey.
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1 month ago | 
citywire.com | Daniel Grote |Michelle McGagh |Joe Stonor |Victoria Bell
The FTSE 100 dropped as tanking Bunzl (BNZL) shares overshadowed softer inflation figures that should pave the way for the Bank of England to cut rates. The main market shed 0.68%, or 56 points, to trade at 8,192 after inflation fell to 2.6% over the year to March, marking the second month in a row that prices have eased. Nevertheless, inflation remains above the Bank’s 2% target.
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1 month ago | 
citywire.com | Daniel Grote |Victoria Bell |Joe Stonor |Jack Gilbert
M&G has confirmed it will put its flagship £64bn Prufunds range on FNZ platforms later this year.
Citywire New Model Adviser revealed in February that M&G was working with FNZ to launch the range on its platforms, with Scottish Widows being the first.
Experts said at the time it made sense for M&G to start with FNZ platforms, which include Abrdn, Aviva, Scottish Widows and Quilter, because of its dominance in the market. Already have an account?
