Tanvi Davda, Saranac Partner's managing partner, told thewealthnet about the plans for growth at the business.
Haddington, East Lothian-based McInroy & Wood generated turnover and pre-tax profits of £14.55 million and £8.23 million respectively for the year to 30 April 2018, according to its latest annual report and accounts which has just been deposited at Companies House.
Ian Orton, editor at large, reviewed the progress of Pacific Asset Management (PAM), the current core investment management business of Sir John Beckwith’s Pacific Investments Group.
Dolfin, a London-based boutique that provides asset management, brokerage and custody services to wealth managers and private clients, has recruited Simon Black as a senior wealth manager.
Credit Suisse has hired former PAM Top 40 Under 40 William Ladenburg, thewealthnet revealed. It is understood that he joined the Swiss bank in London at the start of October as a director level relationship manager.
Tellworth Investments, the London-based investment firm launched in 2017 by Paul Marriage and John Warren, two former Cazenove Capital and Schroders fund managers, has launched a new vehicle in association with BennBridge, a multi-boutique that provides operational and infrastructure support to small investment management firms.
Coutts has entered into a partnership with Mortgage Brain to make its products available through its platforms to UK mortgage intermediaries. Mortgage Brain provides technology and software for lenders, networks, corporates and intermediary mortgage advisers.
HSBC has made 10 appointments to the funds and ETF business of its global private banking division, thewealthnet has learnt. These include fund selectors for the central fund selection team in London, as well as fund product specialists who will be based in Geneva, Hong Kong and Singapore.
London-based Dart Capital provides more evidence of the ability of small firms to grow both profits and clients assets since the global financial crisis of 2007-2008, writes Ian Orton.
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PAM (Private Asset Managers) and its sister website PAMonline combine to provide "...the best guide available to the leading firms in private client fund management" (FINANCIAL TIMES). PAM compares managers on a level playing field by key data such as fees and charges, minimum investment thresholds and so on.