Managers of Wealth

Schroders executive Massimo Tosato ends controversial contract after tax pressure

The report states that the contract ended “during 2013”

Friends Life to receive offers to buy Lombard business

Philadelphia Financial targets high net-worth families through a network of intermediaries, and it views Lombard as an attractive opportunity to expand that area of its business, Sky News said.

Scotiabank Profit Rises 14% on Canadian Banking, Wealth

Scotiabank also said it intends to repurchase up to 12 million shares, or about 1 percent of its shares outstanding, during the next year.

Bestinvest name to be dropped for B2B market

It has also been announced that Bestinvest’s current chief executive Peter Hall will lead the combined group, while Tilney Investment Management director Miles Robinson will head up Tilney for Intermediaries.

ABN AMRO Private Banking wins ‘Best Overall European Private Bank’ and ‘Best Domestic Clients Team’

We are quite unique in pursuing a multi-domestic, multi-brand strategy

Private banks seek to cash in on wealth management

Home grown private lenders lining up offers to woo their customers with priority and privilege banking options

Asian millionaires turn to independent wealth advisers

Six years after the crisis, a growing number of Asia’s millionaires are turning to independent wealth advisers, who offer professional advice for a fee much like doctors and lawyers do.

Aberdeen chief predicts long hot summer of revolt over top pay

Martin Gilbert has accused the pay committees at some leading companies of stubbornly failing to consult shareholders

Brewin Dolphin to tap ‘DIY savings’

The wealth manager, which declined to comment on plans for a new service, said in its year-end results for 2013 that “there is growing demand for a simplified, lower cost service.

Banks structured to deliver poor advice

Something odd occurred last week, something that almost never happens in business, let alone financial planning

Hedge funds in worst start to year since financial crisis

Lansdowne Partners, Odey Asset Management and Brevan Howard are among the stellar hedge funds to have had a poor start to the year

Wealth manager Brewin Dolphin poised to announce plans to launch a new online ‘DIY’ service for retail investors

The new plans are expected to be unveiled tomorrow when Brewin announces its interim results.

Standard Chartered to close Swiss private bank -media

The Asia-focused bank said in February it was looking to sell the Swiss private bank as part of a plan to shed several businesses as it sharpens its focus on Asia, Africa and the Middle East.

Cashflow ‘biggest threat to survival’- Close Brothers Business Barometer

It’s clear that access to working capital and maintaining a reliable cashflow are a concern for a large number of SMEs

US bank in talks with the Chinese wealth management company to sell JV

The deal is expected to be finalised very soon

Close Brothers records a 4% rise in AuM in third quarter

There was a good result in Banking with the loan book now £5.1bn, up 10% year to date.

Buying a home in London’s most affluent areas is becoming unattainable for anyone without a billionaire’s bank balance

Home prices in the capital’s most desirable areas have jumped more than 60 percent since 2009

AXA Elevate assets hit £8bn

Elevate also halved prices for assets over £5 million, from 0.22% to 0.10%

Bank offers London property bond deal

Buying a home in London’s most affluent areas is becoming unattainable for anyone without a billionaire’s bank balance.

Individual Investors in Hong Kong, China Turn Cool on Shun Property

Activity in the property market is falling off

Wealth and Asset Management