09/01/2014
Brewin slashes £13m off tech writedown bill
Along with this impairment charge, the Brewin said would need to pay a further £15 million over the next 10 years under original contracts.
09/01/2014
Funds gaining traction in discretionary portfolios
JP Morgan Private Bank and UBS Wealth Management see increasing use of funds in discretionary portfolios. A house view is also seen as synonymous with use of funds.
09/01/2014
Its most recent - and largest - buy came last month when it acquired Torquil Clark from Skipton Building Society for an undisclosed sum
08/31/2014
Wealthy Chinese offer rich pickings
As a result, investment managers are instead looking to the wealth management market, where the brave are breaking new ground in search of market share by selling sophisticated, risk-adjusted products.
08/31/2014
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08/29/2014
Heartwood: Handelsbanken inflow is 'just getting going'
Heartwood Investment Management’s tie-up with Handelsbanken is already starting to bear fruit, marked by £650 million in gross inflows since the deal completed in May 2013.
08/29/2014
'Pragmatic’ planners moving off high cost platforms
McMahon said she believed the Future of Financial Advice (FOFA) changes had acted as a catalyst in the change of attitude on the part of planners, particularly the greater transparency around fees and charges, including fee disclosure statements.
08/29/2014
Red-Light District Dims as Zurich Bankers Curb Spending
Bankers who have been core patrons of the city’s sex industry and cabarets are curbing spending.
08/29/2014
Julius Baer up after report of Credit Suisse takeover interest
Julius Baer shares rose by more than 2 percent on Friday after a Swiss finance blog said the private bank could eventually become a takeover target for larger rival Credit Suisse.
08/29/2014
Private wealth inflows buoy hedge fund assets to USD2.9trn
Three quarters (73 per cent) of hedge fund managers say competition in fundraising has increased in the past 12 months, according to a survey by Preqin.
08/29/2014
Swiss bank could spend up to 200 million Swiss francs on acquisitions to bolster its private banking and asset management operations
08/29/2014
Coutts sets aside £110m for payments over unsuitable investments
The 300-year-old bank, owned by the Royal Bank of Scotland and whose customers include the Queen, has set aside the provision as part of a review of its advice to clients dating back to about 1950.
08/29/2014
Trouble at Coutts: Private RBS bank probed over 'risky' investments
It comes days after state-backed RBS was fined £14.5million for serious failings in its advice to mortgage customers from June 2011 to March 2013.
08/28/2014
Once accomplished individuals, including CEOs, business owners or high-profile athletes and entertainers, achieve a certain level of success there inevitably comes a time when they begin to ask themselves, ‘What’s next?’
08/28/2014
A 20-year veteran of JP Morgan has returned for a third stint in Luxembourg as head of its custody and fund services business in the country.
08/28/2014
Malta attracts global investors following changes to trust framework
08/28/2014
The group added that it is on target to acquire the best 50 firms from its membership with £7bn of assets by 2017.
08/28/2014
The York office was launched in 2007 after a team defected from Barclays Wealth.
08/28/2014
Falcon Private Bank has been named "Best Private Bank, UAE"
08/27/2014
The year 2014 has so far shaped up to be a banner one for wealth management.