New research conducted by RBC Wealth Management, part of Royal Bank of Canada, shows that four in five (79 per cent) affluent 25–34 year olds in the UK have a wealth management solution in place and nearly a third (31 per cent) have either started using a wealth management solution within the last six months or plan to find one in the next six months. Some 6 per cent claimed to not need a wealth management solution.
Calastone reports investors sought out safe havens in April, amid record selling of UK equities funds
Global funds network Calastone reports that UK equities funds saw record outflows of GBP836 million in April, with selling focused on riskier categories.
Algo-Chain, a FinTech company specialising in ETF portfolio strategies, has launched an AI Driven Model Portfolio Toolkit, targeted at financial advisers and wealth managers.
John Wilson, Managing Director UK and Ireland at Avaloq, has commented on the need for a regulatory regime that enables digital asset innovation, in the context of the FCA’s consultation on strengthening financial promotion rules for cryptoassets.
Global technology platform, InvestCloud, has been selected by UK wealth manager Rathbones Group to provide client lifecycle management (CLM), including digital prospecting, onboarding and servicing capabilities as well as client reporting solutions to help Rathbones improve operational efficiency and support its overall business strategy.
Multi-disciplinary professional services firm, Progeny, has announced plans to acquire Chartered financial planning firm, RU Group.
The deal, subject to FCA approval, will increase Progeny’s total assets under management to over GBP3 billion and allow the business to expand its presence in south Yorkshire and the east Midlands.
Nearly half of financial advisers say SIPP clients have put more money into ESG strategies in the wake of the pandemic, latest research from CoreData reveals.
BlackRock has launched a range of UK-domiciled sustainable iShares index mutual funds, and the firm writes that this is to address the gap in the UK wealth market for strategies that help clients make a sustainable transition with indexing.
The scrapping of commission payments to financial advisers was set to strengthen consumer appetite for ETFs in the UK, writes Philippa Aylmer.
Against a backdrop of all-time highs when it comes to DIY investor numbers, Boring Money has announced its Best Buys for DIY ISA and Pension investors in 2022.