Investment
Investment | 27 Apr 15
Clients look for compensation after wealth manager goes bust
A Scottish-based wealth management firm has gone bust after it was unable to pay back clients who were mis-sold high risk investments, and customers are now turning to the Financial Services Compensation Scheme to get their money back.
New independent advisory firm launches
A group of City heavyweights with a track record in pensions and institutional investment has launched a new financial advisory firm called City Noble, which aims to deliver impartial advice to trustees and institutional investors.
Investment | 24 Apr 15
BlackRock buys 11% of Patient Capital
BlackRock has added to the wave of cash flowing into the Woodford Patient Capital Trust with the purchase of an 11% stake.
Investment | 23 Apr 15
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Confused advisers at risk as DFM ‘outsourcing’ grows
Despite the growing trend toward the use of discretionary managers to handle some or all of the investment portion of advice, a large number of advisers remain unclear about where the responsibility for investment suitability lies.