05/05/2014
Suisse execs clashed
Disagreement at senior levels
Wealth and Asset Management
05/05/2014
Investment firms boosting profits at expense of customers who die
Hargreaves Lansdown among firms charging heavy fees for probate valuations
05/05/2014
Tax-Free Bonuses Disappoint as Middle East Bankers Plan Job Hunt
Banking and finance professionals in the Middle East plan to seek new jobs this year after bonuses failed to meet expectations, according to eFinancialCareers.
05/05/2014
Melville Straus, Money Manager With Passion for Arts, Dies at 75
He was chairman of the American Ballet Theatre from 1982 to 1990, treasurer-secretary of Independent Curators International and served as a member of the Contemporary Arts Council of the Museum of Modern Art.
05/05/2014
Leading ME bank Launches Global Wealth Management Service In Singapore
One of the leading banks in the UAE is expanding its Consumer Banking Group services globally, and has announced that it is now offering its Global Wealth Management Service in Singapore.
05/05/2014
Ermotti Risks Missing UBS Profit Target as Cost-Cutting Slows
Failing to reach the 2016 goal would be a blow to Ermotti, 53, who delayed the objective by a year
05/02/2014
India: Private wealth managers a divided lot on election play
Whether or not to take the plunge into equities ahead of the election results is the dichotomy facing private wealth managers.
05/02/2014
BMO/F&C Acquisition Update
BMO Europe has confirmed to F&C that it is still awaiting approval of the Acquisition from certain regulators
05/02/2014
RBS doubles operating profit to £1.5bn in Q1
Royal Bank of Scotland today said its first-quarter operating profits have doubled and the group remains on track to deliver £1 billion of cost savings for the full year.
05/02/2014
Schroders CEO Says Firm Open to More Acquisitions
The company today reported a 90 percent jump in first-quarter revenue for its wealth-management unit, boosted by its takeover of Cazenove Capital Holdings Ltd., which was completed in July.
05/02/2014
Schroders shareholders OK executive compensation despite pension fund opposition
Firm also reports 1.9% increase in AUM for quarter
05/02/2014
True Potential adds exclusive Goldman Sachs Asset Management income strategy fund to its Wealth Platform
True Potential Investments has added a new Goldman Sachs Asset Management income strategy fund to its Wealth Platform on an exclusive distribution deal.
05/02/2014
YOUR PRACTICE - Why financial advisers should choose a niche
The higher the net worth of the clients served, the more critical specialization is. BofA's U.S. Trust unit, for example, requires private bankers to "choose a major" to help attract ultra high net worth clients.
05/02/2014
US-based wealth management giant closes financial planning division in India
The spokesperson clarified that only the financial planning arm of the company was being shut down
05/01/2014
UBS Wealth Management Americas Introduces Innovative Educational Portal for Equity Compensation Plan Participants
UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide
05/01/2014
ANZ wealth division profits up 11%
ANZ Smart Choice Super now has over 270,000 customers
05/01/2014
Schroders wealth revenues jump 90% through Cazenove buy
Net inflows £3.8 billion
05/01/2014
Bryn Mawr Wealth Assets Reach $7.4 Billion
We were pleased to see the continued increase in our quarterly earnings
05/01/2014
JP Morgan pushes for market share following sales team restructure
JP Morgan Asset Management head of UK field sales Mike Parsons has spent much of the past year realigning the company’s sales team and expanding its product range to meet the changing demands of the post-RDR market.
05/01/2014
SJP rejects concern over conflict of interest
St James’s Place has “nothing to fear” about a forthcoming FCA thematic review into conflicts of interest at firms that recommend in-house funds, David Bellamy has said.