View the article online at http://citywire.co.uk/wealth-manager/article/a750277
South African giant snaps up online UK wealth platform
by Elsa Buchanan on May 09, 2014 at 07:59
While the acquisition could well mean increasing competition for the low-cost online discretionary manager Nutmeg, for Momentum - the UK subsidiary of financial services group MMI Holdings- this also means a growing presence in the UK.
Globally, MMI Holdings manages client and shareholder assets of circa £34 billion.
News sponsored by:
As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
Today's top headlines
With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop