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Aussie fintech firm rejects second overture
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JPMorgan Chase bought British digital wealth manager Nutmeg
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M&G appoints Australia’s Ignition for hybrid robo-advice offering
M&G Wealth has appointed Australia’s Ignition Advice to develop a low-cost robo-advice hybrid service.
Expected to be fully operational by the last quarter of 2021, the hybrid robo proposition will see advice provided by a human adviser underpinned by digital technology. It will initially be targeted at existing clients before being made more widely available.
According to M&G, the service will streamline the time and cost of delivering advice and allow for “improved outcomes” for those seeking to invest or retire with smaller sums of money.
Richard Caldicott, deputy CEO, M&G Wealth Advice, said: “We want as many people as possible to access advice in an efficient, understandable, convenient, affordable and sustainable way.
27
th April 2021 9:21 am
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Firms face ‘last chance’ for FCA deadline
Financial firms who did not meet the Financial Conduct Authority’s directory persons deadline at the end of March are being urged to heed the final call for submissions.
Last week, the regulator emailed some 2,800 consumer-facing firms who did not submit the required information about certified staff.
FE fundinfo data platforms expand reach
Fund data and information platforms fundinfo and etfinfo provided by FE fundinfo will now be available to investors in Cyprus, the Czech Republic, Greece, Hungary, Iceland and Malta.
Convenient exit or client sacrifice? Private equity s £3bn march into advice and wealth management
Parmenion latest firm in PE takeover
Laura Miller
Laura Miller takes an in depth look at private equity’s march into the UK financial advice sector and asks if clients are being factored into the multi-million pound deals
In dark mid-January when most of us were fortressed inside watching gloomy grey new year skies, CEO Alan Hudson was busily selling national advice firm AFH to US private equity investor Cortina Bidco for.
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