PE-backed wealth manager takes minority stake in IFA firm
It is the first of many such deals the two-year-old company has planned
Author: Cristian Angeloni
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Cigna to set up Saudi Arabia office
It is the first foreign insurer to be granted a licence
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Morgan Stanley gets full ownership of Chinese JV
It plans to tap into the growing demand for wealth management and financial advice
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£2.7m investment fraudster jailed
Scammer targeted and cold-called at least 175 victims
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Rothschild & Co to be de-listed?
Shareholder believes private ownership would be ‘more appropriate’ for the business
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Abu Dhabi investment platform gets permissions extended
It will be able to provide brokerage services to HNW clients
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Pension freedoms reform proposals ‘deeply controversial’
Capping the 25% tax-free lump sum could disincentivise people from saving into a pot
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8,600 ads blocked in FCA crackdown on financial promotions
14 times more than in 2021
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Focus Financial in talks with PE firm over sale
There is no certainty that a deal will be agreed
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Robeco sells Dutch online investment platform
To focus on its business in the wholesale and institutional markets
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Q4 2022 ‘worst quarter’ on record for advised platforms
Total assets down £35bn year-on-year
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Just 32% of IFAs think clients will be better off financially in 2023
As wealthy Brits’ confidence in the UK economy wanes