Inflows soften at Nucleus and Brooks Macdonald
Volatility sees platform’s net inflows drop 10% quarter-on-quarter, while DFM’s UK growth halves
Volatility sees platform’s net inflows drop 10% quarter-on-quarter, while DFM’s UK growth halves
Canaccord raids Brooks Macdonald International for intermediaries, HNWI, and charities push
New office head joins Canaccord Genuity Wealth Management after seven years at Brooks
Phoenix names senior leadership in wake of Standard Life acquisition, Stenham Wealth appoints RBC alumni in Jersey, and River and Mercantile names Australian rugby legend to lead ops down under.
Dubai-based financial adviser Abacus Financial Consultants has launched a long-term savings product to “go up against the life companies”.
Generali Worldwide has formed a partnership with Brooks Macdonald to offer advisers and their clients a discretionary fund management service to sit alongside its life product offering for the first time.
Manulife Hong Kong has a new chief financial officer, while Sanlam UK has raided Close Brothers Asset Management to find a chief executive for its new private office proposition. GAM has poached its new representative director and president for Japan from Schroder Investment Management.
The hype around passive products has never been more intense, but Brooks Macdonald Asset Management’s Jon Gumpel warns that there could be danger ahead for passive investors.
Brooks Macdonald’s international division has linked up with Hansard International to offer advisers the opportunity to access the Jersey-based wealth and asset manager’s full discretionary fund management offering.
Brooks Macdonald has grown its funds under management to nearly £10bn ($12.8bn, €11.7bn) in the first three months of 2017, signalling a strong start for new chief executive, Caroline Connellan.
Investors risk being lulled into a false sense of security in the current low-volatility environment, according to Brooks Macdonald’s Niall O’Connor.
Double-digit revenue growth by Brooks Macdonald International (BMI) helped drive the specialist discretionary fund management group’s total revenue up 17% to £45.3m ($55.1m, €51.8m) during the six months to 31 December 2016.