Citywire New Model Adviser

Almost half of advisers expect to increase exposure to UK equities in the next 12 months. ‘The market does look extraordinarily good value compared to other markets,’ said Saran Allott-Davey, managing director at Heron House Financial Management Ltd. Nicola Blackburn ✍ #IFAs #UKequities #equities https://lnkd.in/ehyKGM4d

Oaktree is set to buy Close Brothers' wealth and financial planning unit, as reported by Citywire previously. The deal marks yet another UK wealth management business being taken out by private equity. Jeremy Gordon ✍ #Oaktree #CBAM https://lnkd.in/dFQAh4Ws

Former Citywire New Model Adviser Top 100 firm Ellis Bates Financial Advisers will join the group, along with new chief financial officer Grant Hotson. The acquisition will bring across 4,200 clients and £1bn in assets under management (AUM). Zach Sharif ✍ https://lnkd.in/egUg6GDm

Citywire's 2024 report shows an improving gender balance in portfolio management roles, but there are still significant headwinds in key areas. The pace of change is still slow and new launches are holding up progress, with just under 20% of new mandates over the past 12 months given to women. Angus Foote ✍ 🔍 #Alphafemale #Citywire #genderparity https://lnkd.in/eqfB-VZ2

📢 Alpha Female Report 2024 Out Now! 📢 Read the report here ➡ https://lnkd.in/eK73_QBE The 2024 report shows an improving gender balance in portfolio management roles, but there are still significant headwinds in key areas. Now in its ninth year, the report draws on Citywire’s database of 18,141 individual portfolio managers globally. ✏ Nicola Blackburn, Olivia Bybel, Angus Foote and Alexandra Ailincăi

The Financial Services Compensation Scheme (FSCS) has received more than 200 claims from former clients of LEBC Group since the regulated national advice firm entered administration in August last year. In an update last week it said progress was being made on the cases it is investigating. Charles Walmsley ✍ #FSCS https://lnkd.in/eeVcZAGp

'Some of the people pushing this stuff the hardest are not all they seem. The most high-profile planners/coaches in our profession built their (now substantial) businesses on stack’em high commission models.' Daniel Wiltshire, a financial planner at Wiltshire Wealth, enters the debate on whether advisers should act like life coaches. https://lnkd.in/eabbZAup

M&G Wealth partnered with digital wealth manager Moneyfarm to launch digital investment service &me in January last year. The app had no longer been available to new customers since May. Victoria Bell ✍ #Moneyfarm #D2C https://lnkd.in/eahR_rtR

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Windsor replaces Stephen Bird, who has left his CEO post following a strategic review at the asset manager earlier this year. Abrdn chair Douglas Flint said Windsor’s appointment was based on the ‘huge impression both internally and externally since he joined Abrdn’. Dylan Lobo ✍ #Abrdn https://lnkd.in/eg5-QauD