What’s happening
One week of markets in one minute: Momentum continues while gilt yields move ever nearer to zero
Markets continued their seemingly relentless march higher this week, with blue chips testing multi-month high,s as investors continued to opt for equities amid stronger data from the US.
Kames Capital adds to equities team
Fewer than half of financial advisers sponsor activities or events, finds new research
Financial advisers are missing out on the potential new business benefits of sponsorship according to a national survey compiled by financial services PR consultancy MRM.
Soaring smart beta sales can drive assets to $1trn by 2020
Infrastructure in favour as Legg Mason RARE Income fund sees flows of over £140M in one month
Openwork boosts lender panel with addition of Tesco Bank
Two minutes with… Mark Gee, Associate Director, MRM
This week, MRM’s Mark Gee is under the spotlight as he discusses MRM’s new report on outsourcing to DFMs.
Legg Mason affiliate RARE Infrastructure respond to rate cut
Kames Capital’s Income duo: Six UK stocks we are adding to on sterling weakness
One week of markets in one minute: Bank intervention sends shares back to year high
Intervention by the Bank of England’s Monetary Policy Committee (MPC) to offset an expected downturn in the UK economy dominated markets this week, sending equities to their highest close for over a year.
Comparing DFMs: a tough nut to crack
The implementation of RDR and increased regulatory burden on advisers has led to a sharp rise in the number of firms considering outsourcing to DFMs. Nucleus, for example, conducted some research with around 200 of its users earlier in the year and found that almost half (47%) were looking to increase their use of DFMs in the next 12 months.