01/15/2014
Leading private client, fund and corporate services firm acquires Herald Trust
In addition to purchasing the client book, 27 Herald directors and staff based in Jersey have transferred
01/14/2014
UBS Sees Increasing Swiss Competition in U.K. Wealth Push
UBS AG, Switzerland’s largest bank, expects to boost client assets in the U.K. this year even as Swiss competitors try to break into London’s $1.2 trillion private wealth market to help counter withdrawals at home.
01/14/2014
The world’s largest wealth manager increased assets at its British unit by 15 percent to 31 billion pounds in the nine months through September, he said.
01/14/2014
Davy Stockbrokers has acquired Northern Irish wealth management firm, Square Seven Financial Planning, which has 400 clients and £75m of assets under management for an undisclosed fee.
01/14/2014
HNW Investor Returns at a high, yet, confidence in Financial Service Providers at a Low – what’s the deal?
It’s more than just making money – it’s about: Trust, Transparency & Technology
01/14/2014
"Wealth provides many investors with the privilege of benefiting from institutional products and prices across asset managers, and it also grants them the ability to leverage their status among providers and advisors," states Donnie Ethier, asso
01/14/2014
Wells Fargo saw strong growth in its brokerage business during 2013, as rising markets and higher asset flows upped revenue and profits at the wealth management unit.
01/13/2014
Rathbones, Quilter Cheviot & Towry circle Jupiter wealth arm
A clutch of private-client investment firms, including Rathbones, Towry and Quilter, is believed to be looking over the business, estimated to be worth £50m.
01/13/2014
Wealthy avoid taxes by moving assets to no-tax states
The maneuvers are getting fresh scrutiny from officials in states including New York, which is losing an estimated $150 million a year through such tax avoidance.
01/13/2014
FIWA snaps up Centric to create wealth giant
The deal, announced yesterday, is understood to be worth about $130 million.
01/13/2014
Hongbaos given out to very rich clients by private banks
The finishing details of the hongbaos often reflect the hierarchy of the private banking relationships.
01/13/2014
J.O.Hambro Investment Management has rebranded itself as Waverton Investment Management today following the management buy-out from Credit Suisse.
01/13/2014
This acquisition adds c.£215 million in discretionary assets under management and c.£2 million of predominantly recurring annual revenues.
01/13/2014
SocGen Private Banking Hambros hires JP Morgan man
He joins as a senior portfolio manager from JP Morgan Private Bank where he worked for eight years,
01/13/2014
Former Morgan Stanley wealth management head joins RiverPeak
He was head of private wealth management for Europe, the Middle East and Africa at Morgan Stanley between 2002 and 2005.
01/13/2014
“The acquisition of Legis Group’s Guernsey trust operation adds further scale to Butterfield’s international trust business, and adds to the strength and depth of our specialist trust team internationally.”
01/13/2014
These three leading names in academia, law and finance will further strengthen the board of directors of Mirabaud
01/13/2014
‘The expansion of our business operations will also see some members of our Jersey team undertake secondments, for training and development purposes, in our new offices.’
01/13/2014
The new Dundee Goodman investment advisors manage portfolios with a combined value of approximately $2.0 billion.
01/12/2014
Swiss private banking shaken up by key players’ shift
The exclusive Swiss private banking sector has been revolutionised by key players Pictet, Lombard Odier, and Mirabaud, amid a tough new regulatory environment and a crackdown on tax cheats.