News
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Harriet Steel exits Federated Hermes
She leaves the firm after more than a decade
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‘Watershed moment’ as FCA seeks to simplify access to advice
In a bid to open up services to mass market consumers
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Chrysalis slashes manager fees after hefty January pay out
Trust has agreed to lower the overall fee to 12.5% of adjusted NAV above a high-water mark
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Hargreaves promotes Abou Gergi to head of multi manager
He will oversee 11 multi-manager funds
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Fidelity head of wholesale to retire
John Clougherty will continue into 2023 to ensure a smooth transition
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Investment manager launches Blackrock-backed MPS
1OAK’s managed portfolio service is available through Quilter, Fidelity, and Novia
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Titan names consumer duty champion
Appointment of Alex Robinson as a non-exec described as a ‘coup’ by the firm’s COO
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Brewin appoints Arbuthnot Latham wealth duo
Edward Brown and Adam Gentry will join the firm’s ‘1762’ offering based in London
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Finsbury Growth and Income recruits former Brewin non-exec
Pars Purewal’s 38-year career also includes a stint on the board at Federated Hermes
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Chrysalis ditches stake in struggling Revolution at nearly 90% loss
In just over a year the value of the investment had plummeted to £5m
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Shares in fintech trust take 30% haircut
Augmentum Fintech trades at a wide discount but NAV held steady during the half
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Weekly outlook: FTSE set to reshuffle indexes
Key events for UK wealth managers for the week starting 28 November
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