Joe Stonor

2 weeks ago | citywire.com | Julian Bovill |Joe Stonor |Dylan Lobo |Jack Gilbert

Private equity has long been cast as the villain of financial folklore — ruthless, short-termist, and indifferent to client outcomes. Yet after nearly 25 years working in and alongside private equity-backed businesses, I have seen firsthand how this stereotype, while not without some basis, is increasingly outdated, particularly in the UK’s wealth management sector.

2 weeks ago | citywire.com | Joe Stonor |Julian Bovill |Jack Gilbert

Once again, Timeline’s conference, this year ‘Adviser 3.0’ was a blast. Among the famous names like Chris Hoy and Tim Peake, a standout breakout session came from Heather Murray, presenting ‘AI for Non-Techies’ —in other words, people like me. It’s becoming clear that AI will do for financial services what the internal combustion engine did for transport: it will be convenient, timesaving, and will probably end the world.

1 month 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?

1 month 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.

1 month 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?