Managers of Wealth

Old Mutual Wealth admits liability claims are inevitable in wake of Intrinsic deal

Old Mutual Wealth has admitted liability claims following its acquisition of Intrinsic are inevitable but says the deal was still worth doing.

OMW purchase of Intrinsic to spur recruitment: Feeney

The chief executive of Old Mutual Wealth said the firm planned to increase headcount this year by up to 250 advisers

Rich get richer but give less to philanthropy

The index, which was produced by Forbes Insights, is based on an anonymous online survey of individuals with at least US$5 million in investable assets

Global financial services firm aaid to review options for Swiss Private Bank

Last year sold its wealth-management operations in the U.K., Italy and Dubai to Credit Suisse Group AG.

Schroders' profit soars 24% post-Cazenove buy

Michael Dobson, Chief Executive, commented: “2013 was a record year for Schroders, with profit before tax and exceptional items up 41 per cent. to £507.8 million and assets under management up 24 per cent. to £262.9 billion.

Almost 500 staff receive more than £1m at Barclays

Barclays paid 481 staff more than £1m ($1.67m) last year, prompting criticism that pay is still too high and that banks have not changed their ways since the financial crisis.

Wealth manager comparison site takes on Singapore

Dominic Gamble, challenger to the wealth management industry and founder of findawealthmanager.com, has launched in the Far East.

Ireland the European domicile of choice for global asset managers - survey

Nearly three quarters of 200 global asset managers surveyed recently say they would now choose Ireland as one of their top three European fund domiciles, if they were starting over.

Credit Suisse Private Bank to Boost Asia Lending in Wealth Hunt

Credit Suisse Group AG, which runs Asia’s third-largest private bank, will step up lending to first-generation business owners as it seeks to build relationships with potential wealth-management clients.

Standard Chartered puts wealth at centre of 2020 vision

On a statutory basis, profit attributable to parent company shareholders of $4.09 billion, was lower than the prior-year figure of $4.89 billion, and profit attributable to ordinary shareholders declined to $3.99 billion, from $4.79 billion in 2012.

More deals set for Old Mutual and Intrinsic

Old Mutual Wealth and Intrinsic are planning further acquisitions following last week’s deal which saw 3,000 advisers become part of the investment firm.

Scoban plans £40m fund raising as PRA grants banking license

Private bank Scoban will embark on a £40 million capital raising after receiving confirmation that it is set to receive its banking licence from the PRA.

PAM AWARDS - 2014 Best Private Client Law Firm Recognition For Handler Thayer

In this awards season, Handler Thayer, LLP has also been chosen for the second consecutive year as the Large Tier winner of the 2014 Corporate International Magazine Global Award, "Estate Law - Law Firm of the Year in Illinois."

PAM AWARDS: Harris Associates Best Private Wealth Manager - Performance - Over $5 Billion in Firm Assets

Harris Associates is pleased to announce that it was recognized as the Best Private Wealth Manager for Performance for firms with over $5 billion in assets by the publication Private Asset Management

Morgan Stanley Wealth Management Recognizes 15 Women Professionals at First Makers Conference

“At Morgan Stanley Wealth Management, we are fortunate to have many highly accomplished women professionals working as financial advisors and in other key roles.

Younger investors could spend billions of dollars for financial advice online, according to a new report

The emerging business model may be one that includes a partnership between robo-advisers and regular investment practitioners

St James's Place poised

St James’s Place is most likely candidate for inclusion in London’s benchmark index when the latest reshuffle is announced after the close of trade on Wednesday

GAM Holding Doubles Annual Profit, Plans Higher Dividend

GAM Holding AG, the Swiss money manager that split from Julius Baer Group Ltd., reported a more than doubling in full-year profit, proposed a higher dividend and said it’s planning a new share buyback program.

Close Brothers pledges to support family businesses

Close Brothers Asset Management is in the process of launching a host of initiatives which the firm said would help wealth managers communicate key issues to clients and prospects.

Scotiabank Q1 Profit Rises Amid Growth In Wealth Management, Canadian Banking

Canadian financial services provider Bank of Nova Scotia or Scotiabank Tuesday reported increased profit for the first quarter, supported by the Canadian Banking and wealth management businesses, even as provision for bad loans increased.

Wealth and Asset Management