Wealth Adviser Newsletter

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NEWSLETTER | 26 Jun 2020

It’s not just the sweet scent of summer that’s in the air this week, the winds of change are blowing across the UK too as the government continues to relax lockdown measures in a bid to bring a bit of normality back to life – both social and economic.

And as Beverly Chandler finds out in an interview with ETF veteran Adam Laird, change is key to the launch of the ex-Lyxor and Hargreaves Lansdown man’s latest venture, Ards Ventures, which sees him switch his attentions from passive to active investing. Laird outlines how the ‘consolidator of actively managed fund managers’ is aiming to acquire active managers looking to grow their businesses to scale.

We also hear from Michael Morley, Deutsche Bank’s UK head of Wealth Management, on the growth strategy for the new International Private Bank, a combination of DB’s Wealth Management and Private & Commercial Business International (PCBI) units. “You can now expect to see the pace moving faster and more senior hiring and an increasingly diversified geographical book of clients as we build out a global cross border international private banking business,” says Morley.

Finally, a raft of research reports out this week all examine, in one way or another, the impact of Covid-19 on individual investors and their advisers. While the pandemic has provided wealth managers with the opportunity to reach out to new investors, according to GlobalData, both Quilter and Smarterly say coronavirus has prompted a widespread reassessment of investments, savings, and retirement strategies.

Wealth Manager

Companies in this issue
Ards Ventures
Deutsche Bank
ETFMG
GlobalData
GlobalX
Quilter
Smarterly
UBS

ETF veteran Adam Laird launches active fund management consolidation business

Thu | 25 Jun 2020, 16:44

Adam Laird (pictured), formerly of Lyxor and Hargreaves Lansdown, and ex-ETF chair of The Investment Association, has launched Ards Ventures, a consolidator of actively managed fund managers.

Thu | 25 Jun 2020, 16:44

Deutsche Bank has combined its Wealth Management and Private & Commercial Business International (PCBI) units into a new International Private Bank, with a client base of well over three million private, wealth and commercial clients, and assets of EUR250 billion and revenue of EUR3 billion.

Thu | 25 Jun 2020, 16:44

New data reveals that retirees are already taking steps to revisit their pension plans due to the impact of Covid-19, although non-advised pensioners are much less likely to have taken action.

Thu | 25 Jun 2020, 16:44

Three quarters of individuals say that the impact of the Covid-19 pandemic has made them realise the importance of having a savings pot to fall back on in the event of unexpected circumstances.

Thu | 25 Jun 2020, 16:44

Quilter research reveals one-in-three advised clients have spoken to their adviser during the pandemic and this is impacting how confident they feel about their finances

Thu | 25 Jun 2020, 16:44

Millennials, and to a lesser extent Gen Xers, have been rushing into financial markets to capitalise on the steep increase in volatility as they adjust to Covid-19 disruptions.

Global ETF launches 18-25.06.20

Thu | 25 Jun 2020, 16:44

After the recent rush of new ETF launches, things have been a little quieter this week. UBS Global Asset Management debuted two new funds on Xetra and Börse Frankfurt – a sustainable investment fund and a commodity strategy that simultaneously takes a short and long position in two commodity indices. Elsewhere, Global X launched a preferred stock fund and Catholic Values ETF, while ETFMG added a biotech fund to its thematic offering.

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