Wealth Management

Partners Group Private Equity has entered a managed wind-down after 99.9% of shareholders voted in favour of realising all the assets of the £457m investment company at an extraordinary general meeting yesterday. Just over 62% of shareholders turned out to vote on the resolution to wind down t

Saba Capital has agreed to a one-year standstill with JPMorgan as it backs the rollover of Brown Advisory US Smaller Companies. The New York-based activist investor informed the company that it would vote in favour of the proposal to roll over the assets of Brown Advisory US Smaller Companies into J

Maven Capital Partners has launched a new joint share offers to raise up to £20 million across its four Maven Income and Growth Venture Capital Trusts (VCTs). It means that advisers and their clients will be able to access VCTs with a 6% annual dividend target, with each of the four VCTs made

Edinburgh fund manager Walter Scott & Partners has reported a 17% drop in turnover for the 2025 financial year, reflecting a 19% fall in assets under management from £72bn to £58bn. Chair Richard Watt noted that performance “was materially below benchmark levels” and said

HSBC is axing jobs at its UK wealth division following a push to reduce costs through the use of artificial intelligence. The lender is currently consulting to changes it wealth management operations as part of the shake-up, which would impact the hundreds of relationship managers and financial advi

Scottish Friendly has completed its acquisition of pension and annuity in-payment books of business from Fidelity International. The transaction which was first announced last year, follows receipt of all necessary regulatory approvals. It brings an additional £2.3bn of assets under management

Wirecard whistleblower Pav Gill has launched a new agentic governance platform bringing governance, risk and compliance (GRC) into one system to end reliance on a "patchwork of disconnected point solutions". Confide will give professionals a shared environment in which to set the standard for how GR

Partners Group Private Equity shareholders have voted to wind down the trust and realise their shares. At a meeting in September, more than 74% of shareholders chose to wind down the trust instead of backing a motion for a dual share class structure.

Shackleton was left sitting on a major client compensation bill following its acquisition of Hurst Point in September. Hurst Point, whose financial planning arm was rebranded Argentis in 2026, set aside £2.3m for redress, according to its 2025 results filed at Companies House. The provision in

The Financial Conduct Authority's head of innovation Colin Payne has revealed how they helped Baillie Gifford launch their new digital asset fund in nine months. The Edinburgh-based investment manager worked with the regulator on the development of a tokenised UK fund, Baillie Giffords Enhanced Yiel

Premier Milton fund manager Hugh Grieves announces plans to retire after more than three decades in the industry. Mr Grieves co-manages the £253m Premier Milton US Opportunities fund and the £10.4m US Smaller Companies fund alongside Alex Knox and Aditya Khowala.

The board of Aberdeen's Dunedin Income Growth Investment Trust (DIGIT) has launched a "robust in-depth review" of the manager's investment philosophy and process, using an external consultant, after the trust's discount to net asset value (NAV) widened in the first six months of the year. The trust

Baillie Gifford has launched its new Baillie Gifford Enhanced Yield Fund (BAGEY) to eligible professional investors in Switzerland, the UK, Hong Kong and the Cayman Islands. The new fund is designed for financial institutions, fintechs, and regulatory bodies driving the adoption of tokenisation

Liontrust has agreed to acquire the fund management and model portfolio services (MPS) business of Hawksmoor Investment Management for up to £10m in cash. The deal comprises an initial cash payment of £6m on completion, plus two contingent cash payments of up to £2m each, payable 1

Nucleus Financial Platforms has announced the appointment of Quilter's Dave Reynolds as chief technology officer.