Wealth manager St James's Place saw a year-on-year drop in gross and net inflows in May, the firm said today in a trading update.

With all the choices available and accelerating digital disruption, Financial Planners need to transform if they are not to face commoditisation, says a new report.

The Edinburgh-based private bank Adam & Company has appointed former Barclays Wealth Planning director Andy Hall as its new Financial Planning director.

Wealth management trade body PIMFA has made a number of organisational changes to its policy team. 

Wealth manager St James’s Place says its adviser numbers grew by more than 300 in the past quarter to 4,271 - up 8%.

AFH, the Financial Planning and wealth management group led by a Chartered Financial Planner, has reported post tax profits up 82% to £10.8m for the year ended in October 2019.

UBS’s wealth management arm has predicted a ‘decade of transformation’ beginning in 2020.

One of the more encouraging Financial Planning stories this week came from wealth manager Brewin Dolphin which reported its Financial Planning income up by over 30% for the past half year.

New research has revealed just over half (55%) of wealth managers will survive if they do not digitally innovate.

UBS’ global wealth management and asset management arms have enjoyed a profits boost, according to the firm’s third quarter results.