Author: IIMI Admin

Executive Summary
Objectives
This research explores the importance of leadership in driving job satisfaction, staff retention and staff output within the UK’s boutique asset management sector. It also analyses how leadership manifests itself in practice, how different stakeholders view leadership, and how
this influences their approach to leadership and its development. Finally, this report consolidates these findings to establish 11 practical steps which boutiques can take to enhance leadership capabilities within their organisations.
Purpose
Understanding how leadership is approached across boutiques may provide insight into the reasons for which boutiques generally perform better than their non-boutique peers, why certain boutiques succeed and some fail amongst their boutique peer-group and how boutiques can enhance their leadership capabilities to increase their results and longevity. It is understood that no such academic research has been conducted on the UK’s boutique asset management prior to the publication of this research.

Independent Investment Management Initiative – Response to FCA Consultation Paper CP 24/2 – ‘Our Enforcement Guide and publicising enforcement investigations–a new approach’
IIMI welcomes the opportunity to respond to the FCA’s Consultation Paper CP 24/2, Part 2. However, we do not believe that the FCA has demonstrated a sufficient need to introduce these proposals. The case for change has not been sufficiently made. Alternative approaches, which would be less harmful to smaller businesses and better align with the FCA’s competition objectives, have not been sufficiently explored before advancing these proposals.
As a representative body for small boutique investment managers, we recognise the importance of maintaining market integrity and ensuring investor protection. However, we have significant concerns about the proportionality of the proposed measures, particularly regarding the principle of “innocent until proven guilty” and the cost implications for smaller firms.