United Kingdom | 24 May 13
axa wealth intls foy defends offshore team
Axa Wealth International’s managing director Mike Foy has defended the company’s decision to restructure its UK-based ‘offshore’ sales team.
OFT BlackRock Credit Suisse
The Office of Fair Trading (OFT) has delayed approval on BlackRock’s acquisition of Credit Suisse’s ETF business for 10 working days, with a view to ending the consideration period on 13 June.
United Kingdom | 23 May 13
advisers reveal favoured post rdr fee structures
The majority of advisers have started charging clients a percentage of the investment amount as they seek to establish the best fee models post-RDR.
up to 50m of devere client money trapped
The deVere Group has confirmed that approximately $50m of its clients’ money was invested in the now suspended Strategic Growth Fund.
blacktower launches first fund with cheviot
Blacktower Financial Management (International) has launched what group managing director John Westwood says is the company’s “first” investment fund, in partnership with Cheviot Asset Management.