People Moves: CII, STM Group, Brown Shipley
Professional body confirms CEO’s departure date, while financial services group names CFO successor
Nucleus
-
-
PEOPLE MOVES: CGWM, AssetCo, Nucleus
Wealth manager hires head of distribution, while AssetCo welcomes a familiar face
-
PEOPLE MOVES: Nucleus, Titan Wealth, Cannon Asset Managers
Platform founder departs, as DFM names chief financial officer
-
Nucleus shareholders approve James Hay takeover
Over 90% voted in favour of the acquisition
-
James Hay changes M&A terms for Nucleus deal
In a bid to provide ‘greater certainty of execution’ for the wrap platform’s shareholders
-
James Hay to ‘address’ Nucleus staff concerns over £145m deal
They fear there will be a large number of jobs losses after it completes
-
James Hay buys wrap platform for £145m
Combined business will have around £45bn of assets under administration
-
Transact parent company drops out of race for Nucleus
There is reportedly one firm left in the running for the wrap platform
-
Nucleus confirms it is in talks with multiple potential buyers
Majority shareholder Sanlam UK is said to be supportive of the discussions
-
Nucleus announces £1.5m acquisition
As it seeks greater control over its processes, service offering and product development
-
More than 25% of advisers now actively review client segments
As 3-in-10 say Mifid II cost and charge statements have brought more confusion
-
UK adviser hunger for outsourcing grows
As fewer planners are looking to run their own model portfolios