07/29/2015
Envestnet recognized as a leader in transforming wealth management
Envestnet, Inc. continues to earn top wealth management industry awards.
Wealth and Asset Management
07/29/2015
St James's Place blames levy increase for first half profit drop
Total funds under management at June 2015 were up 6.7%
07/29/2015
The growing wealth gap that nobody is talking about
Young people have always been poor, but today's young people are poorer than most
07/28/2015
HighTower Welcomes Guggenheim Wealth Management Business
Guggenheim has been a provider of alternative investments on the HighTower platform since 2011.
07/28/2015
High-Net Worth Huddle: Teaching Venture Capital To The World's Wealthiest
In a downstairs conference room in San Mateo, Calif., a dozen businessmen from around the world are listening to the nitty gritty about venture capital investing.
07/28/2015
Former Barclays Wealth advisers launch firm
Dynasty is a New York firm founded in 2010 by former Smith Barney and Citigroup Inc executives
07/28/2015
M&G lends Rathbones £20m to fund ‘medium-sized’ acquisition
The deal follows Rathbones purchase of Jupiter's wealth arm and part of Deutsche Bank's private client business last year.
07/28/2015
UBP says integration of Coutts International on schedule
Not including assets from Coutts, UBP posted assets under management of 93.1 billion francs at the end of June.
07/27/2015
VP Bank promotes Liechtenstein’s future as a finance hub
While many countries in Europe still contend with mounting debt and low investor confidence, Liechtenstein offers a sophisticated banking system and an unrivalled investment fund centre that is successfully encouraging long-term investments
07/27/2015
UBS Is Unifying Disparate Advisor-Service Platforms
UBS’s U.S. wealth-management division is the latest big advice firm to jump on the platform-unification bandwagon, unveiling the combination of its separately managed account
07/27/2015
Credit Suisse sees small cuts for investment arm in Asia
Asia-Pacific chief Helman Sitohang says that above-average returns justify retaining a strong investment bank presence in the region
07/27/2015
Meet the biggest winner in the history of Formula One
The American private equity house has earned more from the rise of the grand prix circuit than anyone else – even the sport’s supremo, Bernie Ecclestone
07/27/2015
AFH Financial buys two IFAs for £1.1m
IFA consolidator AFH Financial has bought Quest Financial Management and Phoenix Independent Financial Services for a combined £1.1m.
07/27/2015
UBS CEO says US wealth unit is not up for sale
UBS said on Monday its U.S.-based brokerage business, formed when UBS bought broker-dealer PaineWebber in 2000, is not up for sale.
07/27/2015
Vontobel of Switzerland Profit Surged 33% on Asset Management
Vontobel Holding AG, a Swiss bank and asset manager, said first-half profit rose 33 percent as revenue from managing client money surged.
07/27/2015
BHF Kleinwort Benson to review €675m Fosun takeover offer
The move is the most aggressive so far in a push by Fosun to acquire assets across Europe’s financial services industry.
07/27/2015
Barclays Financial Advisers Split, Forming $3 Billion Indy Firm -- Street Moves
In doing so, they passed on joining Stifel Financial Corp., the regional brokerage to which Barclays has agreed to sell its U.S. wealth business.
07/27/2015
Bellpenny adds £157m of funds in 30th acquisition
National wealth manager Bellpenny has acquired the client bases and associated £157m of funds under management of Bob Bradley and Nick Bird, the two shareholders and financial planners at Croydon-based Trustee Asset Management.
07/27/2015
RBS signs pact to exit wealth management business in India
Bank’s plan is to follow up sale of wealth management business with that of its retail and corporate portfolio in India, says a top executive of RBS India
07/24/2015
Guernsey: Opportunities For Guernsey As Global Alternative Assets Predicted To Rise
A predicted rise of investment in alternative assets is expected to offer significant opportunities for Guernsey as a premier location for alternative asset funds and fund managers, in the coming years.