UBS, Scalable Capital, LBG, Vantiv and Symphony in Investments this week
- UBS has announced that it is merging its two main wealth management businesses. The bank’s American wealth management business will be merged with its international wealth management division with effect from 1 February 2018
- Scalable Capital has started offering full financial advice. The European robo-adviser will charge a fixed £200 fee if an investor decides to progress beyond an initial free session. There are currently three London-based advisers working with Scalable Capital
- Lloyds Private Bank has reported that investor sentiment towards UK asset classes improved in January 2018. The bank’s Investor Sentiment Index shows that between December 2017 and January 2018 investor confidence in equities increased by 8.5 percentage points, moving from 3.9 percentage points to 12.3 percentage points. However, year-on-year net investor sentiment was -9.1 percentage points
- Vantiv has completed its acquisition of Worldpay to form Worldpay Inc
- Symphony, a financial planner owned by Tam Asset Management, is launching a robo advice business named Finchtech for less wealthy clients. Aimed at clients who do not want or can’t afford bespoke advice services, it will automatically pick investments based on how much risk savers want to take on, without human involvement
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