Sahar Nazir

News Editor at Professional Adviser

News Editor at @Profadviser Previously at @retailgazette

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Articles

London pushed out of top five wealthiest cities as millionaires exit

2 weeks ago | professionaladviser.com | Sahar Nazir

The firm's World's Wealthiest Cities Report 2025, which tracks the movements of high-net worth individuals, found that London has been pushed out of the top five by Los Angeles (220,600 millionaires), which claimed the fifth spot. London and Moscow (which ranks 40th, with 30,000 millionaires) are the only two cities in the top 50 that have recorded negative growth over the past decade, with their millionaire populations declining by 12% and 25%, respectively.
Behavioural psychology 'even more important' in volatile markets

2 weeks ago | professionaladviser.com | Sahar Nazir

"The more time advisers can spend engaging meaningfully with clients, the more trust and reassurance they can offer," Williams said. "And in volatile markets, that personal support becomes even more important." The recent imposition of a 104% tariff on Chinese goods by the US administration has intensified economic uncertainty after the Trump administration imposed sweeping tariffs in what has been seen as the onset of a global "trade war".
Perspective completes nine acquisitions bringing total to 116

2 weeks ago | professionaladviser.com | Sahar Nazir

The latest deals collectively add £900m in assets under advice and bring 2,100 new client households under Perspective's management. They also extend the group's physical footprint with four new office locations established in Stockbridge (Hampshire), Uckfield (East Sussex), and Grimsby and Waltham (Lincolnshire).
MKC Wealth acquires Yodelar

2 weeks ago | professionaladviser.com | Sahar Nazir

Deal brings £120m in assets and 270 HNW clients under MKC’s management Independent wealth manager MKC Wealth has acquired Yodelar Investments and its affiliated digital platform Yodelar.com, in a move aimed at strengthening its foothold in the digital financial advice market.
Apprentice stars call for more financial advice as online businesses surge

3 weeks ago | professionaladviser.com | Sahar Nazir

In a panel discussion hosted by Flex and The City yesterday (2 April), Chohan and Donnelly, former candidates from BBC One's The Apprentice, spoke out about the increasing need for financial advice as more businesses emerge from social media platforms. Chohan, who appeared on the show's 18th series, highlighted a surge in online entrepreneurship due to the ease of starting a business on social media platforms like TikTok.
Model portfolios continue to dominate UK adviser channel sales in H2 2024

3 weeks ago | professionaladviser.com | Sahar Nazir

The report revealed that total multi-asset net sales remained strong in an otherwise subdued retail investment environment, rising from £6.9bn in the first half of the year to £7.1bn in the second half. Nearly all of this growth was attributed to model portfolios, while multi-asset funds sold outside of model portfolio sales (MPS) programs saw little to no net inflows. Adviser managed solutions remained a weak spot, reflecting a continued shift by IFAs toward formalised multi-asset programs.
Farming families must be proactive on advice ahead of APR/BPR change

3 weeks ago | professionaladviser.com | Sahar Nazir

‘The difficult conversations need to happen now’ With reforms to Agricultural Property Relief (APR) and Business Property Relief (BPR) on the horizon farming families face higher inheritance tax (IHT) bills as the chancellor held her nerve on the policy despite emotive protests from the agricultural community.
'Cautious' wealth managers reduce exposure to US following Trump's return

3 weeks ago | professionaladviser.com | Sahar Nazir

Biggest negative US sentiment swing for 15 years One in three wealth managers have reduced their exposure to the US, marking the biggest negative sentiment in 15 years, according to the latest investment manager sentiment survey of chief investment officers (CIO) from Asset Risk Consultants (ARC).
Titan Wealth snaps up Workplace Advice Group

3 weeks ago | professionaladviser.com | Sahar Nazir

Acquired business will ‘work closely’ with Titan Wealth Planning Titan Wealth has acquired Stoke on Trent-based workplace pension solution business Workplace Advice Group (WAG), bringing its total assets under management and advice to £36bn.
FSCS deposit protection limit could rise to £110,000

3 weeks ago | investmentweek.co.uk | Sahar Nazir

The deposit protection limit is the maximum amount of money the FSCS protects if a depositor's bank, building society, or credit union becomes insolvent. It has remained at £85,000, per person, per institution since 2017. FCA and PRA ditch plans to progress with diversity and inclusion targets The proposed increase accounts for inflation over the past seven years and aims to reassure consumers about the security of their deposits in UK-authorised financial institutions.