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British wealth managers rise after Chancellor Reeves avoids new bank taxes



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** Shares of British wealth managers rise after Britain's finance minister Rachel Reeves avoided new taxes on the banking sector

** Peel Hunt analyst Robert Sage attributed the move to no mentions of any tax increase on banks in Reeves' speech

** Liontrust Asset Management LIO.L, a large manager of AIM stocks, jumped as much as 12%after Reeves lowered the tax relief available on AIM investments to raise more from inheritance tax

** Jupiter Fund JUP.L rises 4.2%, shares of St James's Place SJP.L, AJ Bell AJBA.L, Rathbones RAT.L, Ashmore ASHM.L all up between 1.5%-3%



Reporting by Yamini Kalia in Bengaluru

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