Bringing you live news and features since 2006 

Source appoints five-strong team to spearhead drive into UK financial adviser market

RELATED TOPICS​

Source has appointed a five-strong team to service the UK financial advisory market. The move is in response to growing demand for exchange traded funds (ETFs)  among UK financial advisers.

New research commissioned by Source shows that nearly one in five IFAs (18 per cent) have increased their clients’ exposure to exchange traded products/funds (ETPs/ETFs) over the last year and 34 per cent of IFAs expect this to increase over the next 12 months. Only 4 per cent expect this to decrease. Nearly half (44 per cent) of the IFAs say they have increased their clients’ exposure to passive investments since the implementation of the Retail Distribution Review (RDR) at the end of 2012.
 
David Lake (pictured), Managing Director of UK Coverage, Source, commented: “ETFs offer fantastic value in terms of fees and choice. ETFs have largely been the preserve of institutional investors, but more recently they are being used far more widely. The advent of RDR has focused UK advisers’ attention on the benefits of this product class and we are delighted to offer them a team dedicated to their needs. We believe that UK financial advisers will represent an increasingly significant investor base for Source.”
 
The new team comprises Dominic Clabby, Director at Source, who was formerly Development Director at AXA Elevate where he focused on building and developing relationships in the UK advisory market;  Damian Yeomans, Director, formerly Associate Director at HSBC Global Asset Management; Chris Norsworthy, Director, formerly responsible for intermediary coverage at Margetts Fund Management; Ngozi Onyenemelu, Marketing Associate for UK and Ireland, formerly Senior Client Communications Executive at Henderson Global Investors and Antoine Boulet, research analyst, who previously worked at Societe Generale on structured products distribution.

Latest News

HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..
VanEck has reached USD10 billion in assets under management in Europe for the first time in April 2024...
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by