News
Best Practice | news 17 Nov 16
Millennials value financial advice at just £28.50 per hour
Millennials are willing to pay an average of just £28.50 ($35.50, €33.12) per hour for financial advice, casting doubt on the industry’s ability to capture younger clients amid the rise of robo-advice, research from financial services PR consultancy MRM has found.
LGT Vestra partners with Feifa
UK and Jersey-based wealth management firm, LGT Vestra, has become a partner of the Federation of European Independent Financial Advisers (Feifa).
PEOPLE MOVES: Lombard Int’l, Copia, Fortnum
Lombard International Assurance has bolstered its Latin America focus with the appointment of a regional head. Copia Capital Management named a series of appointments as it builds up its team, while Fortnum Financial Advisers has lured its new managing director from ANZ.
Investec profits rise in wealth and fund management arms
Investec Wealth & Investment (IW&I) reported a 14.1% rise in operating profit for the six months to 30 September, with assets under management (AUM) reaching £51.3bn ($63.9bn, €59.6bn).
AIG agrees to sell Japanese life insurance unit to FWD
American International Group (AIG) has agreed to sell its Japanese life insurance business to one of Asia’s most prominent insurers FWD Group for an undisclosed sum.