We bring you an interview with Eighteen48 Partners this week, a new wealth manager, founded by three partners, Julien Sevaux, Tarek AbuZayyard and Edward Clive, who describe their new business as the next generation private office. Sevaux says: ““The second-generation investment office is where you have greater investment capability in terms of direct investments. In our case it is on the public and private side.” The new firm is targeting the ultra-wealthy with a minimum investment of GBP10 million, with a high number of professional investors and business people.
Two pieces in this week’s Wealth Adviser visit the all important ESG trend, with Investec’s survey finding that the theme is all dominating for investors, while Duff & Phelps’ Ryan McNelley calls for a level playing field that is practical and where investment funds can implement and achieve the desired aim. “If the regulation is impractical or costly, it defeats the purpose,” he says.
Interviews this week bring you two different takes on managing the small to medium sized adviser business with Wealthinity offering a support service that fits in with adviser’s existing infrastructure. Taras Rybak, one of the Founders of Wealthinity, says: “Digitalisation is not just about process automation. It is really about the democratisation of the industry.”
It’s all about gold again, with an interview with Juan Carlos Artiguas, director of investment research at the World Gold Council, reporting on the drivers behind the rise in the gold price and particularly the demand for it in ETF form.
Our thoughts turn to the UK’s general election this week – a subject that can’t really be avoided at the moment, despite what one’s feelings might be on the subject. We bring you two pieces with a different approach to the great subject. The first is a survey from Saunderson House which reveals that high net worth investors are most concerned about an increase in taxes, coming in at 3.8 out of five major concerns in the study.
This week Philippa Aylmer has examined a report from interactive investor on the survival rates of those old City favourites, investment trusts. Their study found that in the last 15 years, survival rates of some investment trusts have been as low as 33 per cent and that over half of investment trusts launched in 2004 are not around today. Further, of those launched in 2006, only 29 per cent are still in existence.
Welcome to this issue of Wealth Adviser’s weekly newsletter, collating the best of our coverage over the week. We have two pieces this week on subjects that lie close to the wealth management community’s heart – platforms and impact investing, or more specifically the millennial love of impact.
This week’s Wealth Adviser newsletter brings you an interview with Amundi ETF’s Ashley Fagan who details Amundi’s ETF offering to wealth managers and IFAs in the UK. ETF inclusion on platforms is growing, Fagan says, driven by a rise in demand for ETFs.
This week, we have an interview with technology company Capco, whose Richard Lewis believes that people still need people in the wealth game. Read Philippa Aylmer’s interview with him about the company’s report which finds technology can help with logistics and scalability but relationships are still important.
This week’s two top stories are all about how financial advisers and wealth managers can negotiate the more painful parts of recent regulatory changes. Philippa Aylmer interviews FinoComp’s Ray Tubman, who describes the ‘10 per cent depreciation rule’ as divisive and one of the least worked on pieces of regulation by MiFID. She also interviews with Broadridge Financial Solutions and FundsLibrary on their joint venture designed to tackle some of the regulatory challenges associated with MiFID II and Solvency II.