United Kingdom
Pacific AM buys stake in emerging markets equities manager
Pacific Asset Management (PAM) has acquired a stake in London-based boutique investment manager North of South Capital, signalling a return to emerging markets for Pacific Investments Group co-founder John Beckwith following the sale of Thames River Capital, later Nevsky Capital, in 2010.
Tax & Regulation | 18 May 17
UK finds 40% of advice provides ‘unacceptable’ disclosure
The Financial Conduct Authority (FCA) has found “unacceptable” levels of disclosure in over 40% of the financial advisory sector as it releases the results of its Assessing Suitability Review.
Adviser and his wife convicted of £1.7m property fraud
A “heartless” adviser and his wife have been found guilty of swindling people out of £1.7m (€1.9m, $2.1m) after the longest trial in UK criminal history.
People Moves | 17 May 17
Utmost Wealth’s Simon Willoughby in shock departure
Senior industry figure Simon Willoughby, head of proposition at Utmost Wealth Solutions, has been made redundant following an internal restructure.
Investment | 17 May 17
Millionaire investors short-termism due to ‘information overload’
More than two-thirds of high net worth investors say they suffer from ‘information overload’ and admit being easily distracted by short-term developments in politics and the economy.