Brewin Dolphin hit by 18% fall in pre-tax profits
Brewin Dolphin has posted a 17.9% fall in pre-tax profits as it has published its preliminary annual results for 2016 in a year that included a “challenging” first half.
Fixed Income | 30 Nov 16
Schroders unveils first credit income fund
Schroders has launched the Schroder ISF1 Global Credit Income fund, its first credit income fund.
Pacific Investments launches asset management business
Sir John Beckwith’s Pacific Investments group has launched Pacific Asset Management (PAM), which will initially focus on the multi-asset retail space, with institutional fund launches planned at a later stage.
St James’ Place doubles adviser numbers in Asia
St James’s Place has expanded its presence in Asia as it moves from servicing expats and looks to target the region’s high net-worth individuals (HNWIs), said Mike Gravestock, partnership director for Asia and international.
North America | 30 Nov 16
Industry still fears Trump will veto US adviser reforms
As President-elect Donald Trump prepares to take the helm in the most powerful job on Earth, the advice industry has continued to raise concerns he may scrap the US Department of Labor’s (DoL) upcoming fiduciary rule, requiring specialist retirement advisers to put their client’s interests first.