Sophie Downes

1 week ago | citywire.com | Dylan Lobo |John Schaffer |Natalia Vasnier |Sophie Downes

Brooks Macdonald recorded further outflows from its Bespoke Portfolio Service (BPS), amid more choppy waters in financial markets. In a funds under management update for the first quarter of 2025 (which marks the firm’s financial Q3), BPS shrunk by more than 4% to £8.3bn as clients pulled £211m. Negative market moves also left a £153m dent in the unit.   Brooks’ model portfolio service (MPS) acted as somewhat of a saving grace during the three month period, with net inflows amounting to £121m.

1 week ago | citywire.com | Daniel Grote |Natalia Vasnier |Sophie Downes |Dylan Lobo

St James’s Place’s (SJP) Polaris multi-asset fund range has enjoyed a meteoric rise, growing to £65bn of assets since its launch less than three years ago. But not all of the fund groups employed by the UK’s largest financial advice business to run client money have enjoyed a slice of that success.

1 week ago | citywire.com | Daniel Grote |Dylan Lobo |Natalia Vasnier |Sophie Downes

TrinityBridge, formerly Close Brothers Asset Management, is moving to a new London home around a month after private equity firm Oaktree sealed a £200m deal to buy the business from its parent, Citywire has learned. The £20bn wealth firm, which rebranded shortly after the deal, will move from Close Brothers’ base at 10 Crown Place to 42 Wigmore Street in Marylebone in October, with about 300 employees relocating.

1 week ago | citywire.com | Sophie Downes |Joe Stonor |Victoria Bell |Simon Evan-Cook

Cross-jurisdiction advice specialist Maseco Private Wealth has added seven new partners as the firm bolsters its leadership team amid fast expansion. London-based Maseco, a two-time Citywire New Model Adviser cover star which specialises in advising clients with planning needs in both the US and UK, has grown quickly in recent years.

1 week ago | citywire.com | Sophie Downes |Miles Costello |Simon Evan-Cook |Michelle McGagh

Graeme Forster is an Elite Investor, placing him among the top 3% of best performers out of more than 10,000 equity managers tracked by Citywire. He runs the Orbis Global Value Fund, which hunts for fundamentally strong companies with shares that have been mispriced by the wider market. Forster and his team draw on the best ideas from a large pool of analysts worldwide while also using computer-driven models and screening tools.