AssetCo buys SVM Asset Management

Philippa Aylmer writes that client experience will be the new battleground as wealth management firms face significant revenue and margin pressures in the coming year, quoting the latest CapGemini survey, with competition intensifying for large financial services firms as they learn to live with the rise of new digital players. 

Recent research from ETF issuer WisdomTree revealed that over seven in 10 (72 per cent) of UK advisers have spoken to their clients about investing in cryptocurrencies, with almost half of clients (45 per cent) intending to step outside of their adviser relationship to allocate to the asset class.

International legal and professional services firm, Ince, has announced the launch of the legal sector’s first fully integrated private wealth offering which provides a range of premium legal and wealth advisory services and solutions for high-net-worth individuals, families, business owners and entrepreneurs with complex financial affairs, in the UK and internationally.

Philippa Aylmer writes that inflation is now more than double the Bank of England’s inflation target and with continued supply bottle necks, labour shortages and rising commodity prices, inflation is expected to rise even further.
 

Hugo Thompson, Multi-Asset Investment Specialist, HSBC Asset Management writes that investing for income used to be the easiest game in town.