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NEWSLETTER | 22 May 2020  
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Brits see coronavirus downturn as big threat to retirement plans

Another week, another Wealth Adviser newsletter complete with more coronavirus-related content…

This time we look at a new survey from Sanlam which reveals that almost one-third of Brits now see a serious economic downturn caused by the Covid-19 pandemic as the biggest threat to their retirement goals. Somewhat ironically, the number of those who see illness as the major cause for concern has fallen from 21 per cent to 14 per cent… 

The pandemic though hasn’t hit the future plans of many US financial advisers, according to Northern Trust, with a survey by the company’s FlexShares ETFs division finding that 42 per cent are planning to press ahead with the recruitment of new staff ‘during or soon after’ the current market downturn. 

ITI Capital meanwhile, a global financial services provider for both institutional investors and private clients, has launched a new digital wealth management offering for investors during the Covid-19 crisis, which employs AI to provide instant online access to financial and investment advice.

In virus-free news, we also look at new research from FE fundinfo which reveals that almost half (49 per cent) of UK financial advisers now offer a centralised retirement proposition, an increase of 14 per cent since 2019, while Brave New Coin has launched BNC Pro, a new digital wealth management platform for digital assets investors which employs the same data used by NASDAQ and Dow Jones Factiva.

Wealth Adviser

Companies in this issue
BlackRock
Brave New Coin
CI Investments
EquityZen
FlexShares
InsideBitcoins
ITI Capital
LHA
ROBO Global
Sanlam
Water Island Capital
 



 
Coronavirus concerns see surge in number of Brits fearful an economic crash could derail retirement goals
Thu | 21 May 2020, 15:52
Nearly a third of Britons (29 per cent) now fear an economic crash could hamper their retirement plans, according to a new survey by Sanlam.
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Advisers pushing ahead with hiring plans despite Covid-19, says new survey
Thu | 21 May 2020, 15:52
Advisory firm recruiting is moving ahead despite the current market environment, according to a survey conducted this month by Northern Trust Asset Management’s FlexShares Exchange Traded Funds. 
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ITI Capital launches digital wealth management platform for support during Covid-19
Thu | 21 May 2020, 15:52
ITI Capital, a global financial services provider for institutional investors and private clients, has launched a new digital wealth management offering for investors during the Covid-19 crisis.
  READ MORE  >
Financial advisers turning to centralised retirement propositions
Thu | 21 May 2020, 15:52
Financial advisers are adapting their retirement offerings and increasingly turning to centralised retirement propositions, as the need for investment advice has grown more complex with greater pension freedoms, research has found.
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Brave New Coin launches BNC Pro digital wealth management platform for cryptocurrency investors
Thu | 21 May 2020, 15:52
Digital asset data company Brave New Coin has launched BNC Pro, a low-cost, feature-rich digital wealth management platform for individual and institutional digital asset investors investors. 
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EquityZen expands pre-IPO access to RIAs & family offices
Thu | 21 May 2020, 15:52
EquityZen is expanding pre-IPO access to RIAs and family offices through a new partnership with Addepar, a technology platform for wealth management firms. 
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US Robo-advisory industry to hit USD1tn value this year
Thu | 21 May 2020, 15:52
Although the coronavirus outbreak has affected the market, the global robo-advisory industry is still expected to maintain its growth this year.
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Apex and BITE partner to deliver new solutions to Asian asset management market
Thu | 21 May 2020, 15:52
Apex Group Ltd, a global financial services provider, and BITE Investments (BITE), a fintech providing high net worth investors (HNWIs) with access to alternative investments, are partnering to deliver enhanced solutions to the Asian asset management market.
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Global ETF launches 14-21.05.20
Thu | 21 May 2020, 15:52
The pick of this week’s new ETF launches saw veteran event-driven manager Water Island Capital make its debut in the space with the AltShares Merger Arbitrage ETF, which is designed to offer exposure to a proven, ‘pure play’ merger arbitrage strategy capable of capitalising on the idiosyncratic opportunities in today’s uncertain environment. Elsewhere, CI Investments debuted an Altrenative Enhanced Yield ETF, LHA launched the second in a planned Market State Shares family of alternative ETF strategies, while BlackRock launched a new iShares Corporate Bond ETF on Xetra and ROBO Global listed its AI fund on the NYSE…
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  IN MY OPINION
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Better labelling of ETPs is long overdue

Morningstar’s Director of Global ETF Research, Ben Johnson, agrees with the spirit of an industry coalition proposal to improve the labelling of ETPs, but not the specifics…

 
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