Kerri Wilson looks at the collapse of Blankstone Singleton and outlines a roadmap for wealth managers in distress..
The recent entry of Liverpool-based discretionary investment management and stock brokerage firm Blankstone Sington into special administration has sent ripples throughout the wealth management market in the UK, triggering a wave of concern among investors, rival firms and third-party fund managers alike. Investors are likely to have been left questioning the security of their underlying investments during a special administration process and other firms may well be fearing that this will rock confidence in their activities, especially given the volatile macro environment in which this m...
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