WealthSimple arrival in UK, Aviva’s sale off, Blackrocks’ investments, and Investec in investments

by | Jun 28, 2017 | Wealth management

  • Wealthsimple, a Canadian robo-adviser with £592m in assets under management, has announced it will launch in the UK in September 2017
  • Aviva has announced plans to sell around £1bn of bonds and shares it owns in tobacco companies as part of a global drive to pressurise governments and companies to do more to reduce the impact of smoking on public health
  • BlackRock has taken a significant minority stake in Scalable Capital following a £30m fundraising round
  • Investec has launched Click & Invest, an online service for savers with at least £10,000. The service will allow customers to sign up for financial advice and put their cash into a portfolio within 15 minutes
  • Standard Life and Aberdeen Asset Management merger has been approved by shareholders, with more than 95% voting in favour. The investment company, which is still awaiting approval for the merger from the CMA, will be called Standard Life Aberdeen