Managers of Wealth

Secrecy’s out, so here’s what Swiss banks can still offer

If Swiss banks were to cast off their usual discretion and make a marketing pitch these days, it might start off something like this:

Competition for deals is rife, says Brown Shipley banking head

Brown Shipley incoming head of private banking Hugh Titcomb is keen to avoid this fate.

As tech millionaires multiply, wealth advisers struggle to connect

It's all part of an attempt to appeal to a new demographic of money

Investec Wealth & Investment profits surge

Pretax operating profit, before goodwill, acquired intangibles, non-operating items

Emaar Said to Hire Rothschild, HSBC for Mall Unit Share Sale

The company will seek to raise about $2 billion through the sale planned for September, according to the people.

Saga float will boost company’s wealth arm

A successful initial public offering by Saga, the company focusing on the over-50s market in the UK, will help to boost the company’s wealth management arm, Michael Hewson has predicted.

Brown Shipley's new banking head on his growth strategy

‘Acquisitions are certainly something we will consider here and we regard it as part of our growth strategy, but our growth strategy is not based on a requirement to make acquisitions,’ he says.

Toronto Star RBC Profit Rises 15% on Gains in Wealth Management, Trading

Royal Bank says its wealth management segment had record net income of $278 million, up $56 million

Two more advisers sign up to join Succession

Succession Advisory Services has acquired two further chartered financial advice firms

BlackRock seeks best practice for fund structures

The world’s largest asset manager is calling on regulators to set best practices for the way funds are structured globally and to review investor redemption rules in different markets.

Legal & General Offers Coutts Building for Sale at $285 Million

It’s the first time in 110 years that the property is being sold as a single asset

Chasing the rainbow: On tax, toothpaste and private bankers

Any taxation discussions are marked by delusional debates

New Advisor Models Threaten Legacy Managers

As the number of advisors who rely on legacy managers diminishes, some fund families will have to evolve if they want to stay relevant

Moving Can Cost You

Advisors who frequently move to new firms can expect to make less

Tighter scrutiny of potential mainland clients by banks in Hong Kong

An increasing number of wealthy mainland individuals have been unable to open offshore accounts at the Hong Kong offices of private banks

Gordon Davidson plans for Jupiter's Scottish push

The broader asset management space has the scope to become a “long-term growth industry” in Scotland.

Succession adds two firms boosting assets by £80m

The relationship with Succession would add value to the two-strong adviser firm

Jordan Says Legal Rows Call Swiss Private Banking Into Question

Swiss National Bank President Thomas Jordan said legal altercations have cast serious doubts on Swiss cross-border private banking activities.

Swiss Expect Julius Baer, Basler, ZKB to Strike U.S. Deals Soon

Swiss Finance Minister Eveline Widmer-Schlumpf expects other banks to reach agreements soon to settle U.S. investigations into tax evasion after Credit Suisse Group AG announced a deal late yesterday.

BNP Paribas Wealth Management Unveils Its New Brand Positioning

It has been adapted in some 30 countries with local brand identities and in 11 different languages.

Wealth and Asset Management