United Kingdom
PEOPLE MOVES: AJ Bell, Kairos, Brown Shipley
Investment platform names head of policy, Julius Baer wealth subsidiary hires CEO
Nearly one-in-five wealthy Brits has at least £100,000 in cash
29% would like to move their assets to investments but don’t know what to do
Strategy gap means advisers risk missing wealth transfer boat
Which could undermine growth and prospects for sale
Pension withdrawals soared after first lockdown
Financial shocks such as redundancy and furlough were likely contributors to the trend
MitonOptimal UK snapped up by rival DFM firm
Deal is the multi-asset manager’s first strategic acquisition