Rathbones IFA subsidiary to move to restricted advice model
Almost a year after the wealth manager bought the business for £150m
Saunderson House
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Rathbones to acquire UK advice firm for £150m
Combined £60bn business will make the company the third largest wealth manager in Britain
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PEOPLE MOVES: Heartwood WM, Saunderson House, HSBC
Wealth manager appoints CEO as it rebrands, while advice firm names head of financial planning
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New prime minister top financial worry for UK rich
Tax changes and deterioration in physical and mental health also big threats for high net worths
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PEOPLE MOVES: Columbia Threadneedle, Saunderson House
Asset manager appoints Emea CEO, while former top politician joins wealth manager investment committee
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Saunderson House parent sold to private equity firm
Deal follows aborted 2018 sale that saw £3m offered to advisers to encourage them to stay
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Saunderson House sale U-turn weighs on profits
Parent company IFG Group sets aside £2m to address legacy issues and to retain advisers
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Abandoned Saunderson House sale to hit client pipeline
The owner of IFA firm Saunderson House has predicted that its brief spell on the market will hit future client acquisition.
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Duo at helm during Saunderson House sale U-turn resign
In the wake of its surprise decision not to sell advice firm Saunderson House, two senior departures have prompted parent company IFG Group to reshuffle its senior management team.
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IFAs set for loyalty bonus as Saunderson House sale pulled
IFG Group has put up a loyalty bonus valued at £3m to retain adviser talent after it pulled Saunderson House off the market.
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£5.1bn UK advice firm up for sale
Despite growing assets under management by 10%, the parent company of UK advice firm Saunderson House is looking to sell the business. Sipp provider James Hay will be retained, even as it faces a £20m fine for investments in defunct Guernsey-listed biofuel scheme Elysian Fuels.
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PEOPLE MOVES: Lombard Odier, J O Hambro, PPF
Lombard Odier’s global chief investment officer has announced his retirement, while J O Hambro has hired two sales managers. Meanwhile, the boss of the Pension Protection Fund is to leave after nine years at the helm of the UK’s pensions lifeboat.