Many wealth managers are lacking the required qualifications to meet RDR standards and are confused about 'independent' and 'restricted' advice labels, research suggests.
Schroders' head of global fixed income Nick Gartside is joining J.P. Morgan as the head of fixed income after an eight-year tenure, Investment Week understands.
Neil Gregson has joined J.P. Morgan's global equities team as a portfolio manager.
J.P. Morgan has raised £104m for its new Global Emerging Markets investment trust.