HK regulation drives trend for consolidation
Significant consolidation is expected in Hong Kong as advisory companies adjust to evolving remuneration models.
Significant consolidation is expected in Hong Kong as advisory companies adjust to evolving remuneration models.
St. James’s Place Wealth Management is to launch a new banking service using Metro Bank as its platform.
St James’s Place (SJP) International, part of the FTSE-100 listed SJP Wealth Management Group, has been granted a life insurance licence in Singapore.
St Jamess Place saw its funds under management read record highs last year, driven in part by its acquisition of The Henley Group.
New business at St James’s Place increased by almost 20% over the third quarter, bringing the wealth manager within sight of £50bn in funds under management.
St James’s Place’s acquisition of The Henley Group in Asia earlier this year marked a significant step for the formerly UK-centric wealth manager.
FTSE 100-listed wealth manager St Jamess Place (SJP) has given its clearest indication yet that it has plans to open an office in the United Arab Emirates (UAE).
An ex-partner at St. Jamess Place faces an industry ban and a £300,000 fine after his clients lost millions through investments into companies that he controlled.
Neil Woodford has been granted flexibility to invest up to a quarter of his £1.4bn St James’s Place UK High Income Fund in non-UK equities following an EGM of unit holders.
Sesame received more complaints than any other advisory firm over the first half of 2014, the Financial Ombudsmen Service (FOS) has revealed in its half year results.
The ban on the payment of indemnity commission on Investment Linked Assurance Schemes in Hong Kong has been described as a game-changer by leading advisers.
St James’s Place has seen a 20% year on year growth in new business over the first six months of 2014, despite losing nearly 10% in profit due to regulatory changes.