Sanlam

Today’s news in brief – 16/1/2025

The UK accounting industry reported a 4.9% revenue decline in November 2024, dropping to £3.97bn. Despite this, revenues remained above the 2024 monthly average of £3.83bn and were 1.4% higher than November 2023. The broader services sector, which includes accounting, saw a smaller 2.8% decline to £237bn. Julie Matheson from…

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GSB hires new chief operating officer

Global wealth management group GSB has hired Hugh Johnson as chief operating officer in its London office. Johnson will support the company’s expansion and growth across all GSB operations. He has previously held senior roles at The Fry Group and global financial services firm Sanlam. At Sanlam, he was head…

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Evelyn Partners MPS increases allocation to cash and government bonds

The Evelyn Partners Active Managed Portfolio Service (MPS) team has increased its allocation to cash and government bonds. This move has come at the expense of equities and corporate bonds in all but two of its portfolios. In the government bonds space, the team added to its holdings in AXA…

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Evelyn Partners Core MPS team increases exposure to European equities

In its latest re-balance of portfolios, the Evelyn Partners Core Managed Portfolio Service (MPS) team has increased its exposure to European equities at the expense of the UK and Japan.  The Core MPS team has also increased exposure to US government bonds as the yields available continue to look attractive.…

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Smith and Williamson reduces global index-linked bonds

The Smith and Williamson managed portfolio service team has reduced its exposure to global index-linked bonds (Sanlam Global inflation-linked and AXA Sterling index-linked). The firm said this move is aimed at creating a “more equal weight position in its defensive, defensive income and balanced income models” and was driven by…

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Smith & Williamson reduces Europe and Asia equity exposure for new year

Smith and Williamson Investment Management’s Managed Portfolio Service has announced it has reduced its overweight to European and Asian equities as it positions its range for the New Year. The team said it has reduced its exposure to Europe and Asia in its medium risk models but remains overweight equities…

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Investment firm snaps up Smith & Williamson funds

Sanlam Investments, a private wealth management and investment company, has finalised the acquisition of eight funds managed by investment management and accountancy group Smith and Williamson. Some £1.2bn in assets under management (AUM) will be transferred to Sanlam, including a £629m artificial intelligence fund. The deal has also resulted in…

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