Managers of Wealth

Merrill Lynch Wealth profit strained by expenses

Bank of America's continuing investment in its Merrill Lynch wealth management business caused expenses in its global wealth sector to grow more quickly than revenue in the second quarter.

Investors Want to Access Financial Advisor Profiles and Ratings

Investors are growing more interested in using mobile technology for financial purposes.

PNC Bank Boosts Investment Services Revenue

The Asset Management Group, which includes personal wealth management for high-net-worth and ultra-high-net-worth clients, raked in $362 million in revenue in the second quarter,

Exodus at top firm unit continues

The unit is said to resemble something of a revolving door,

Private Banks Not First Choice For Wealthy – StanChart Report

The majority of high net worth business owners prefer consulting lawyers and accountants over their private banks for planning their wealth transfer to their successors, a new study finds.

Bit Trade eyes move into Australian wealth management

Bit Trade Australia is applying for an Australian Financial Services Licence as the company attempts to test the waters of wealth management and merchant services, despite the risk and volatility surrounding Bitcoin – the world’s most famous d

Citi profit dips, hurt by $7bn settlement

The accord came roughly six years after the height of the financial crisis. It is one of several Justice Department probes into the packaging and sale of risky home loans.

Sanlam rebrands UK businesses

New logos and brand style to be used, with all UK entities now trading simply as Sanlam.

JPMorgan Chase sees trading drop, yet still beats expectations

JPMorgan's stock rose $1.11, or 2 percent, to $57.40 in early trading.

Asset managers form group ahead of watchdog probe

The buyside-focused unit of the International Capital Market Association – which represents firms including Aviva Investors, Goldman Sachs Asset Management, Pimco and Schroders – has confirmed plans for a meeting in September before the consul

J.P. Morgan Private Bank wins 'Best Wealth Manager' award globally

Now in their 23rd year, are respected throughout the financial services and private banking industry

Secret Path Revealed for Chinese Billions Overseas

China’s foreign-exchange rules cap the maximum amount of yuan that individuals are allowed to convert at $50,000 each year

Lansdown ups investment in Sports Revolution

Now, Lansdown has upped his investment through international fund management business Sustainable Technology Investments (Guernsey), which he co-founded with business partner Gordon Power.

Big international private banking inks M&A deal

With the sale, the bank completes an aggressive disposal plan, selling 3.7 billion euros of non-insurance assets in about 18 months, just shy of its own target of 4 billion euros.

Ingenious Asset Management completes acquisition of Thurleigh Investment Managers

The Ingenious Asset Management and Thurleigh teams have successfully combined, and are now working seamlessly together at 15 Golden Square, London.

Private Equity Specialist Launches a Depositary Offering in Guernsey

In the last 18 months Ipes has doubled the size of its London team through the expansion of its Depositary service.

Blackstone Unit Courts Wealthy Seen as Best Growth Source

Schwarzman, whose net worth exceeds $10 billion, regularly bemoans that individual investors don’t allocate more money

Cofunds insists it is not competing with IFAs

We are not going to compete with you” but we will offer your orphaned clients a direct to consumer platform, marketing head says.

Raymond James' executive sees record recruiting year for top advisers

Raymond James' roughly 6,200 financial advisers manage $462 billion in assets

Blevins Franks expanding wealth management business in Portugal

The Prime Minister of Malta, the Honourable Mr. Joseph Muscat, was the keynote speaker at the annual Blevins Franks Wealth Management Conference which this year was held in Malta in late June and was attended by 150 delegates from around Europe.

Wealth and Asset Management