Abrdn sells UK and Jersey DFM business for £140m
Asset manager believes another owner is ‘better placed to invest to deliver greater scale’ in the operation
Asset manager believes another owner is ‘better placed to invest to deliver greater scale’ in the operation
Concerns of vast swathes of assets chasing labelled funds and a threshold MPS will never meet
In a bid to attract more advice companies to its parent group
It will be ‘radically different from traditional DFMs’
As it names CIO to oversee its discretionary fund management arm
‘Financial advisers and clients are postponing portfolio changes due to volatility’
To meet customer demands for discretionary mandates
It is the first phase of the group’s expansion into the global adviser and private client sectors
Centralised investment propositions could become ‘unmanageable’ for 97% of firms
Deal adds around £180m in assets under management
Deal adds £800m in assets under management
Customers will incur higher fees