Close Brothers Asset Management continues AUM growth 22/05/2015 Close Brothers Asset Management’s assets under management (AUM) have reached £10.6 billion, according to an interim management statement covering the third quarter from 1 February 2015 to 30 April 2015.
IT systems write-offs and redundancy costs increase losses at Duncan Lawrie 20/05/2015 Botched IT systems upgrades have sometimes compromised the operational independence, if not the ownership, of a number of UK-based wealth management firms. This could yet be the case at Duncan Lawrie, the London-based private banking and wealth management arm of Camelia, an AIM-listed conglomerate.
Hargreaves Lansdown reports record inflows 20/05/2015 Hargreaves Lansdown has reported “record” net inflows of £2.75 billion for the four months to 30 April 2015. This compares with £2.55 billion, an eight percent increase, for the same period the previous year.