High Net Worth
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Reports slam fund fees that 'exceed returns'

Two reports into fund management have slammed the charges that managers apply to their funds, claiming they often exceed the funds’ returns.

Risk appetite returning for HNWIs

Appetite for risk is returning among high net worth investors, according to research by an alternative investment manager.

Freedom Sipp faces oblivion of HMRC windup

High Net Worth has discovered that the Freedom Sipp faces imminent deregistration and windup.

Return of the MIP, says Canada Life

High net worth advisers are increasingly demanding maximum investment plans (MIPs) as an alternative to pensions, Canada Life has revealed.

EU proposals draw criticism from investment industry

The European Union’s directive on alternative investment could force hedge funds out of the UK, according to investment management consultants Laven Partners.

Dunstan Thomas and Ascentric join forces for new Sipp

Dunstan Thomas, an administration and software provider, has struck a deal with wrap platform provider Ascentric to combine the firms’ products.

Dunstan Thomas to launch legacy migration branch

Dunstan Thomas, an administration and software provider, has launched a new FSA-compliant system to help financial advisers fully migrate legacy assets.

AGOL shareholders vote against wind-up

Ashmore Global Opportunities Limited (AGOL) is a “healthy fund with no underlying funding problems” according to its parent company, despite the board having called an extraordinary general meeting to discuss the company’s falling share price.

Swedish property can help beat UK slump

Swedish property investment is a good option for strong growth during the UK recession, according to Perspective Financial Management.

RBC acquires Mourant Private Wealth

Royal Bank of Canada (RBC) has completed its acquisition of Mourant Private Wealth, a Jersey-based private client trust business, from Mourant Limited.

Asian equities offer faster returns, says Barings

Investors should return to Asian equity markets as soon as possible to get the best possible returns, according to research by Barings Asset Management.

Corporate bonds are the way to go

Corporate bonds and equity income funds are the best options for investors following the recent interest rate cuts, according to HFM Columbus.

Citi launches new high rate investment accounts

Citi International Personal Bank has launched a new set of short term deposits offering high interest rates over one, two and three months.

Online auctions allow banks to bid for customers

Web technology firm Alox Ltd has launched an online auction marketplace to allow banks and building societies to ‘bid’ for customers.

Nucleus launches new model portfolio

Nucleus Financial has launched a new model portfolio tool on its wrap platform, which it says will allow their investments to be better aligned to their risk portfolio.

Henderson to acquire New Star: latest

Henderson Group has confirmed further details of its proposed acquisition of New Star Asset Management.

FSCS to compensate Pacific Continental victims

Former clients of the stockbroker firm Pacific Continental Securities UK, which ceased trading in June 2007, may be eligible for compensation of up to £48,000 after the firm was declared to be in default.

Asset allocation reaches high net worth investors with wealth fund wrapper

Access to institutional asset management approaches for high net worth private client investors continues to develop. And it’s not only asset managers doing it, with family offices now getting in on the game.

PILinvests offers access to European property funds

PILinvests opens up European property pot to private Sipp and SSAS scheme investors

PILinvests has launched Private Opportunities in Property, a closed-ended fund aimed at private investors allowing self-invested personal pension and small self-administered scheme investors access to Valad Property Group’s European funds.

Trend for sustainable assets looks set for HNW success

Sustainable investments by high net worth individuals (HNWIs) will exceed E1trn by 2012, research by the European Sustainable Investment Forum (Eurosif) has revealed.

Hall: benefits must be passed to the client

Advisers’ message to wrap providers: It’s time to focus on client requirements

Having established itself as the technology model for servicing clients, wrap providers must do better to meet the expectations of their clients, say advisers.

IFAs back investment in Middle Eastern markets

Move over China and India, HNWIs are now after a slice of the Middle East.

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Poll

Relationships with discretionary fund managers (DFMs) will become more important with IFAs as we move towards RDR.

  • Absolutely. Can't do it myself, so why not get a specialist to manage my investment process?
  • Yes, I intend to use DFMs when they are suitable for specific clients, but not across the board.
  • Not sure. I have mixed feelings about outsourcing the investment.
  • No, I've had bad experiences in the past and I'm not sure I would trust a DFM with my clients.
  • Over my dead body. You couldn't pay me to use a DFM.
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