Managers of Wealth

LLB closes Swiss bank

The LLB Group has terminated Liechtensteinische Landesbank (Switzerland) Ltd.'s banking activities effective as of the end of 2013, as announced in March 2013.

Schroders set to unveil London relocation plans

The development is managed by Brookfield Office Properties and Oxford Properties in partnership with the City of London Corporation, which owns the freehold. The development is scheduled to be completed by late 2016.

FCA hires ex-Kleinwort Benson CEO as head of wealth management

He also previously worked at Merrill Lynch, SG Hambros, and Coutts.

Tetragon takes big stake in Ashcourt Rowan

Guernsey-domiciled hedge fund firm TFM - which hunts out opportunities in assets and asset classes in believe to be ‘superior’ based on their track record and expertise bought the stake though its Tetragon Financial Group Master fund

Goldman Sachs Raised 2012 Pay for Top U.K. Bankers as Rivals Cut

The largest U.S. banks reported their figures for 2012 as recently as this week under European disclosure rules that are part of a regulatory push to alter pay practices blamed for contributing to the 2008 financial crisis.

December PCI and Charity Estimates – Q4

The December and Q4 2013 performance estimates for the ARC Private Client Indices and ARC Charity Indices are now available.

Canadian-owned wealth management company reports asset growth of 20%

Assets under management grew by $15.2 billion or 20.1% during the year and by $1.3 billion or 1.4% in the month of December 2013.

How to Attract and Retain High New Worth Clients

He kept the clients who wanted a full suite of wealth management services. He moved the bulk of his book to other advisors.

Barclays chief Antony Jenkins defends 'controversial' bank bonuses

Antony Jenkins, chief executive of Barclays, has defended pay in the banking sector as he guest-edited the Today programme

RHJ International Announces Spin-off of Ripplewood Merchant Banking Operations

In order to ensure the continuity of the business previously conducted by Kleinwort Benson Advisors AG, RHJI has licensed the name Kleinwort Benson Advisors LLC to the new entity for a period of seven years.

FCA cracks down on fledgling wealth firm with £1.5m shortfall

London-based investment firm Hartmann Capital has applied to wind up after identifying a number of problems and being censured by the FCA.

Merrill offers new charitable investment for ultra wealthy

The investment works as a contract between New York State and a private charity, the Center for Employment Opportunities.

The top three financial New Year resolutions for HNW individuals

In an international survey carried out by deVere Group in the last quarter of 2013, 38 per cent of those polled said that their ultimate objective for the year ahead was to build their retirement funds.

£2m: Average Pay Award for JP Morgan's Top Staff in 2012 Revealed

Banks disclose figures in dying hours of 2013 to comply with new European rule demanding information on bankers' pay

The Top 40 Advisors Under 40

Ranking advisors based on their AUM makes less sense as advisors generate more of their revenue from things other than managing client assets.

Peter Hargreaves and Katherine Garrett-Cox awarded CBEs

Hargreaves Lansdown co-founder Peter Hargreaves and Alliance Trust chief executive Katherine Garrett-Cox have both been awarded a CBE in the New Year’s honours list.

Definitions of ‘Wealth Management’ Vary

If advisors and providers are going to use the term, they need to know how their clients define the term

Swiss private banking in clinch with high cost level

Nevertheless, the biggest wealth managers lost some market share to medium-sized competitors. Post-crisis low turnover and low interest rates still put pressure on returns, while cost levels remained sticky.

Wells Fargo, BofA hunt talent to serve wealthy

At Wells Fargo, one of the biggest challenges has been to find candidates to add 2,000 financial advisers at its branches, according to RBC Capital banking analyst Joe Morford in San Francisco.

Religious Factors Impact Dynamics of Family Offices

In the New World Order, we are seeing that these values are influenced by a host of dynamics, including religious factors.

Wealth and Asset Management