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1 week 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 week 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 week 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 week 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 week 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?
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1 week ago | 
citywire.com | Angus Foote |Joe Stonor |Victoria Bell |Jack Gilbert
Söderberg & Partners has announced three further investments in IFAs as it continues its rapid expansion in the UK advice space.
The Scandinavian wealth manager picked up stakes in Cheetham Jackson, Blakes Financial Management, and Murphy Wealth. The investments are in addition to the firm’s acquisition of a stake in County Durham advice firm Active Financial Planners, which Citywire first reported last week.
The four advice firms manage around £1.4bn of client assets between them.
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1 week ago | 
citywire.com | Andrew Foerch |Joe Stonor |Victoria Bell |Jack Gilbert
Despite three years of widening discounts, the CEO of Citywire New Model adviser Top 100 firm BRI Wealth Management believes now is the time to buy investment trusts.
‘I love investment trusts,’ said Dan Boardman-Weston, citing ‘typically greater returns’ than open-ended equivalents, exposure to private markets, and the cheap discounts at which many are trading.
The investment trust industry has endured a torrid few years.
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1 week ago | 
citywire.com | Joe Stonor |Andrew Foerch |Victoria Bell |Jack Gilbert
We know plenty of financial advisers and wealth managers like to hit the golf course, but few get to live the dream like one US-based CEO did last weekend.
Michael McDermott, who runs Pennsylvania-headquartered Kathmere Capital Management, was the designated ‘marker’ for the Masters Tournament at the legendary Augusta National Golf Club.
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1 week ago | 
citywire.com | Dylan Lobo |Victoria Bell |Joe Stonor |Jack Gilbert
Transact turned 25 last month, its parent company IntegraFin noted in the business’s second-quarter update.
In what many advisers would see as typical Transact fashion, the company has yet to mark the anniversary though. Due to the anniversary falling in the busy tax-year end period, the business will instead celebrate properly with a staff party in May.
It will also launch an advertising campaign on 12 May and write to advisers to thank them for their contribution. Already have an account?
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1 week ago | 
citywire.com | Michelle McGagh |Dylan Lobo |Joe Stonor |Victoria Bell
Charles Stanley and Raymond James Wealth Management CEO Paul Abberley is stepping down, Citywire can reveal.
Kim Jenson will replace Abberley (pictured main) with immediate effect on an interim basis while the business looks for permanent CEO.
Jenson joins from Raymond James Financial in the US, where she was chief operating officer for Raymond James’ US Private Client Group, a business with over $1.5trn in assets under administration and around 1.5 million clients. Already have an account?
