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Brooks Macdonald, wine and cheese parties and too high margins

You may have read that the ARM IPO in America is set to be a ranging success, when markets the other side of the Atlantic open later today. Just over ten days ago, I observed that any punters looking to buy the shares in the market would be fools (despite the fact that most of our smartphones are somehow currently influenced by one of its products). My view remains that it is wise not to get excited by the hype (even if you made a fortune when ARM was UK market listed back in the day). And talking about hype, let’s talk about the world of wealth management.

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