Close Brothers Asset Management (CBAM) and SEI have agreed a platform technology partnership.

The deal includes the adoption of SEI Wealth Platform and SEI Data Cloud, a fully integrated technology, data and operational outsourcing solution.

CBAM says the partnership with SEI marks a move to deliver its strategic objectives and to be the best place in the UK for wealth management professionals and their clients.

It adds that SEI was selected following a comprehensive, multi-stage selection process involving several providers.

SEI is a wealth platform technology provider and currently has contracts with several wealth companies including Benchmark Capital, Brewin Dolphin and Evelyn Partners.

CBAM also announced that it will also adopt Objectway’s Portfolio Management Solution and outsource order execution activities to Winterflood Business Services (WBS).

A number of CBAM employees will join SEI’s SWP operations team as part of the agreement. SEI and CBAM will work closely to ensure a smooth and successful transition.

CBAM’s chief operating officer Gregg Clarke said: “Our new partnership with SEI marks an important moment for CBAM. The adoption of the SEI Wealth Platform enables us to deliver on our growth strategy, and expand upon our proposition whilst having complete confidence that high-quality service levels will be maintained for our clients.

“After a thorough selection process, it was clear that CBAM and SEI are both culturally and technologically aligned. SEI understands our business and is committed to partnering with us, alongside our new WBS and Objectway partnerships, to help us achieve our strategic objectives.”

Jim London, chief executive of SEI Investments Europe Limited, added: “We’re thrilled to partner with CBAM and to provide access to the full breadth of SEI’s integrated technology, data and operations solutions that can help them achieve their growth aspirations.”

A TOP retailer has dropped the price of the Baileys to £10 for a whole litre.

Shoppers are desperate to get their hands on this seasonal treat which can be spotted at Sainsburys.

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Baileys Original Irish Cream Liqueur is enjoyed all year round but is especially popular during those winter nights.

On the Baileys Facebook page, happy customers were leaving rave reviews: “Definitely the best, can’t beat it.

Another suggested: “Baileys with ice cream?”

A third raised one concern: “Yeah, open the bottle and it’s gone.”

The deal is available to those with a Nectar Card, which slashes the usual price of £21.95 down by more than half.

Nectar customers can add the card to their Sainsburys Groceries account when they check out to access all sorts of discounts.

For those shopping in person all you need to do is scan the Nectar card or app on your phone to bag the bargain.

Baileys is famed for its smooth luxurious texture and distinctive taste.

With hints of chocolate and vanilla amongst the combination of Irish whiskey and Irish cream, it’s pretty irresistible.

For those who don’t have a Nectar Card, Sainsburys have offered an alternative.

The retailer has offered a dupe of the beloved for £13 for 70cl called Sainsbury’s Irish Cream Liqueur.

This has received generally good reviews but many shoppers have stood by the original.

For loyal customers of Baileys, other supermarkets are knocking the price down as we get towards December.

In Morrisons you can nab a bottle for £13, however you will need a More Card to get this reduced price.

More Cards can be downloaded on the My Morrisons app where hundreds more deals are available.

You can also check these bargains out through the My Morrisons website if you fancy scrolling on a bigger screen.

If you’ve got a physical More Card you are able to print out paper vouchers to shop in store.

Other retailers discounts include Tesco, which is bumping the price down from £22 to £13 for members.

Tesco Clubcard members can sign up online or through the app.

One of the best ways to make sure you’re getting the best deal is checking supermarket websites before hand.

Most shops will have their original prices as well as available discounts.

Another shopper hack is to use comparison sites like Google Shopping or Trolley.co.uk so you know you’re not missing out.

Make sure to keep an eye on how big the bottles are, as they vary in size.

How else can I save money on Baileys?

To stretch your cash a little further, you can always go for a Baileys dupe, which have been described as “almost perfect.”

If you’re prepared to downsize you can purchase the 70cl Ballycastle cream liqueur for £5.79 – just 82p per 100ml.

Customers have described the product as “lush” and “gorgeous” on Facebook.

The Ballycastle product even comes in several flavours, such as the newest addition, which is a luscious Milk Chocolate Clementine version for £7.49.

If you’re keen to give something new a try, this could save you up to a whopping £16.21 on one bottle of Baileys.

In fact, for the price of one Baileys bottle from Morrisons or Asda (£22.00), you could almost buy four bottles of the Ballycastle.

However, keep in mind that the ABV (alcohol by volume) of Bailey’s is 16%, the Ballycastle booze is 12%.

Other supermarkets which offer up their own Baileys dupes include Sainsbury’s, Tesco, Morrison’s, Asda, Lidl and M&S.

While the cheapest is Ballycastle, Lidl’s Irish Cream Liqueur is the second most affordable at £1.14 per 100ml.

In Tesco, the 70cl own brand liqueur is £8.50, at £1.21 per 100ml, and in Sainsbury’s, it is £9 at £1.28 per 100ml.

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Stock markets in the UK and across Europe have rallied after Donald Trump won the US presidential election race.

US stocks markets hit record highs this afternoon (6 November) after the historic result, which is being labelled as the “great comeback in political history”.

Markets jumped more than 3% at the news – opening at 42,221.88 before hitting a record 43,514.85.

The US dollar also surged, while the FTSE 100 jumped by 1.5% when markets opened on Wednesday.

It stayed 1.2% higher when the  was declared that Donald Trump had won the election.

In Europe, initial rises have started to subside due to threats of high tariffs from the incoming Trump administration.

Some economists have warned Trump’s tariff plans would come as a “shock” to the UK economy.

Richard de Lisle, manager of the VT De Lisle America Fund, who has more than 40 years’ experience investing in the US, said: “Donald Trump’s victory is expected to be better for the stock market than for the bond market because of his liberalism.

“It is estimated that Trump’s economic plans would add a cumulative $7.8 trillion to the national debt over his term, as he cuts taxes and increases deficit spending.

“Such measures are likely to maintain current government infrastructure spending plans, sustain consumption and keep the US economy strong.

“Combined with his fierce threats of tariffs, these measures should benefit domestically focused manufacturers and industrials.

“Trump is also likely to break with Presidential impartiality and proactively encourage the Fed to press ahead with interest rate cuts despite big spending plans.

“This combination could keep the economy going while stoking slightly higher inflation, which would be good for commodity related companies that can pass on their costs.

“Finally, Trump’s rhetoric around both protectionism and de-regulation will be positive for smaller companies that have more US revenue exposure and that are advantaged by reduced regulatory burdens, allowing them to grow faster.”

FEBREZE have caused a stink by reducing the size of their air fresheners – and charging customers the same amount.

Virtually half of the popular Air Mist spray has evaporated from the cans, as it becomes the latest victim of supermarket ‘shrinkflation’.

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The aerosol, which comes in a variety of scents such as Cotton Fresh and Pet Heavy Duty, has been reduced from 300ml to 185ml.

But despite the 39 per cent reduction, Tesco were spotted advertising the two products with the same £2.50 price tag.

It means that hard-hit consumers are forking out more than £13.50 per litre, compared to just £8.33 before.

After sniffing out the mammoth reduction, Jon Silk fumed on social media: “Febreze, what’s with the shrinkflation? 

“300ml in a can from last year and only 185ml this year! What’s the likelihood that the price has dropped by 40%? 

“And all the extra packaging involved in having smaller cans? What a waste of packaging!

Another said: “Even Febreze has discreetly made their spray bottles smaller by making them thinner. 

“They look the same but when you still have an old one and put them side by side you notice the “slimming”. The price has not gone down!”

Whilst a third added: “Oh look, another shrinkflation rip off!”

Tesco confirmed that manufacturers Proctor and Gamble had discontinued the original 300ml product. 

And a spokesperson for Procter and Gamble said: “This year, we improved our Febreze Air Mist product.

“This has given shoppers the same number of sprays but now with 2X longer freshness vs the previous formula.

“Thanks to these improvements in formula, propellant and bottle design, the Febreze Air Mist now uses 20% less packaging.”

What is shrinkflation?

Shrinkflation is when manufacturers shrink the size or quantity of a product while keeping the price the same.

This means that consumers will be paying more per given amount.

It is a form of hidden inflation and can go unnoticed by customers.

But companies run the risk of turning customers away from a product or brand if they do notice they are getting less for the same price.

The “shrink” in shrinkflation relates to the change in product size, while the -flation part refers to inflation – the rise in the price level, according to Investopedia.

What causes shrinkflation?

Companies will often engage in shrinkflation when their production costs begin to rise.

When key materials or labor shoot up in price, the cost to manufacture goods rises as well.

This can cause a heavy hit to profit margins and may force the company to simply shrink their products rather than increase the sticker price.

One of the best ways to notice shrinkflation is by spotting a redesign on the packaging or a new slogan.

This may means the company has made a change and that change may just be the size of the product.

The price of cocoa, for example, will impact companies producing candy bars.

Rather than increase the price of their product, the company may choose to reduce the size to keep competitive with other companies.

Mars Inc took this path in 2017, shrinking its range of Maltesers, M&Ms, and Minstrels in the United Kingdom by 15%, according to powderbulksolids.com.