A newly integrated wealth manager has landed a £10m acquisitions warchest as it targets smaller financial advisers and fund management businesses as part of its UK growth plans.
Bowmore Wealth Group, which launched in June through the merger of advice firm Citimark Partnership and discretionary manager Bowmore Asset Management, has secured £10m in credit to search for “high calibre” firms to acquire.
The research by Schroders studied the attitudes to risk of 23,000 people and found that women aged from 18 to 34 were much more likely than any other group to be influenced by others when making a financial or investment decision. Women continue to overinvest in Cash ISAs, with the gender gap between the number of men and women holding these products failing to narrow over the last five years, says Bowmore Wealth Group, the integrated wealth manager.
Bowmore Financial Planning and Bowmore Asset Management are delighted to sponsor two signature holes at Bristol and Clifton Golf Club.
Back in 2018, Bowmore, formerly Citimark, sponsored a “Hole in One” on the 13th – the prize being a Porsche Macan. We actually had a winner on the day which was fantastic news for the gentleman who took the shot!
Investors in open-ended property funds could have to wait up to six months to sell down their investments, under regulatory proposals to tackle the “liquidity mismatch”.
This weeks’ proposals from the UK’s Financial Conduct Authority are the latest attempt to solve a problem property investors have been grappling with for years — reconciling the daily trading requirements of open-ended funds with illiquid property assets that are hard to sell quickly.
Measures outlined by the Financial Conduct Authority (FCA) to address the liquidity mismatch in open-ended property funds are expected to dampen investor appetite for the vehicle, and drive flows out of the sector in favour of property investment trusts and ETFs.
The FCA announced on Monday (3 August) its plans to bring a halt to the waves of suspensions in IA UK Direct Property recent years, which included the implementation of a notice period of up to 180 days for consumers redeeming investments.
Bowmore Asset Management Ltd is authorised and regulated by the Financial Conduct Authority (626431)
Bowmore Financial Planning Ltd is authorised and regulated by the Financial Conduct Authority (115180)