Kepler: Lack of clear framework for trust fee disclosure causes confusion for investors
25% of Kepler’s retail investor base plan to allocate more to investment trusts following the change in disclosure rules
Companies
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Schroders Personal Wealth drops multi-manager model
Adopting a single manager approach on the £14.3bn fund range is ‘the most appropriate strategy going forward’
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Hargreaves Lansdown sees 125% increase in net new clients ahead of next year’s acquisition
CEO Dan Olley said the business remains ‘as committed as ever’ to supporting clients
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Evelyn Partners adds £200m of assets ‘despite Budget uncertainty’
Total asset up 12.8% versus the £55.6bn logged on 30 September 2023
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AJ Bell posts 22% AUA increase despite ‘unhelpful’ Budget uncertainty
Investments arm saw £1.5bn net inflows in the year to 30 September
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St. James’s Place: Steady net inflows lead to record funds under management
Gross flows for Q3 came in at £4.4bn, 20% higher than over the same period last year
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Brooks Macdonald: Outflows remain steady amid Budget uncertainty
Net outflows for Q1 stood at £0.1bn, representing 0.7% of funds under management
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Quilter reports 50% uptick in year-on-year net flows for Q3
Core net inflows of £1.5bn, representing 5% of opening assets under management and advice
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Tatton Asset Management: Record inflows lead to 26.6% AUM increase
Full half-year results to be released on 13 November
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CCLA mental health benchmark reveals limited progress over past year
As CCLA reveals that only 12 out of 119 companies have improved performance since last year
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Liontrust suffers £1.1bn outflows in latest quarter
Total outflows increased to £2.1bn in the first half of its financial year
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Investment companies will no longer be required to produce KIDs
A draft Statutory Instrument proposed by HM Treasury found EU-inherited cost disclosure rules are ‘not accurate’