Category: Wealth Management
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Brooks Macdonald: Forecasts up on positive outlook, dividend +8%
My Equity Development note covering BM’s interims (to 31 Dec 22) is out. You can read the full note here (short summary below). It was a solid H1-23 with FUM up 4% to £16.2bn, from £15.7bn on 30 Jun 22. …
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At first glance, 2022 was bruising for UK wealth managers, a closer look reveals some promising resilience
The market turmoil of 2022 hurt UK wealth managers. The blow was cushioned by customers continuing to pay into their SIPPs, ISA’s and investment accounts, despite heavy market falls and huge economic uncertainty. Some managers showed resilience, but not all.…
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Mattioli Woods: Solid H1, interim dividend +6% implies confidence
A solid set of interims in challenging market conditions. Management maintains a confident outlook, noting H2 is typically characterised by higher inflows and revenue (due to tax year-end and other effects), and have highlighted positive signals from some leading indicators. …