Intergenerational wealth disparity, tax simplification and removal of the £1m lifetime pension allowance are all addressed in a remarkable letter to the prime minister from Brewin Dolphin chief executive David Nicol.
Brewin Dolphin has named its new chief operating officer, while Standard Life’s 1825 has poached a regional managing director from St James’s Place. Julius Baer International has appointed a head of compliance for the UK and Ireland.
Citi Private Bank has named two heads of investment for Asia Pacific, with GWM Investment Management adding a senior wealth manager in London. Brewin Dolphin’s Jersey office has a new head.
Five UK discretionary fund management (DFM) firms have formed the DFM Alliance, a partnership offering financial advisers a platform to improve client outcomes through information, education and collaboration.
Legal & General Investment Management has created a new head of personal investing for its UK direct business, while Brewin Dolphin’s chief operating officer is to depart. The exodus continues from the US Securities and Exchange Commission.
Lombard Odier Group has named two managing partners, with J O Hambro Capital Management confirming the resignation of its former group chief executive. Brewin Dolphin appoints a former Barclays Wealth banker as divisional director.
Markets have displayed an uncanny ability to take political bombshells in their stride but the same may not be true in 2017.
Private bank Arbuthnot Lathan and one of the UK’s largest financial advisory firms, Brewin Dolphin, have snapped up parts of wealth manager Duncan Lawrie as its parent company, Camellia, departs the private banking industry.
Brewin Dolphin has posted a 17.9% fall in pre-tax profits as it has published its preliminary annual results for 2016 in a year that included a “challenging” first half.
UK wealth manager Brewin Dolphin has reported a 3.5% increase in discretionary funds under management to £26.8bn ($35bn, €32bn) during its third quarter.
A senior management shift has seen Pimco poach its new chief executive from Man Group. Brewin Dolphin has named two divisional directors, while T. Rowe Price has created a new head of strategic partners role.
Friends Provident International and Old Mutual Global Investors have announced senior appointments in Asia. Legal & General Investment Management has created a new head of wealth management role and Axa IM has boosted its UK distribution efforts with its latest recruit.
