Managers of Wealth

Vanguard Launches Adviser Value Index

A novel means of measuring and monitoring over time the value advisers deliver to their clients has been launched by Vanguard Asset Management.

Swiss Wealth Manager UBS Targets Africa’s Millionaires

The amount of people on the continent that fall within our wealth- management bracket is increasing every day and there are still tons of opportunities relatively untapped.

French asset management industry opens up to UK investors

France's asset management industry has remained strong and dynamic in a challenging global environment, the AFG and PFI said during their first roundtable in London this week.

Deutsche aims for mega-rich in UK private bank revamp

Deutsche Bank has refocused its UK wealth management business on the brutally competitive market catering to ultra-rich foreigners with plans to sell its loss-making Liverpool-based unit targeting the "mass affluent".

Nine IFAs pick up coveted Gold Standard Award

Nine independent financial advisers were among the 35 businesses to pick up a Gold Standard Award 2013.

Charles Stanley looks to take on Barclays Wealth managers and open Cardiff office

Charles Stanley is in talks to take on a number of Cardiff-based Barclays Wealth and Investment Management investment managers and open an office in the Welsh capital

Award and £15bn milestone for Quilter Cheviot

WEALTH management company Quliter Cheviot is celebrating winning an industry award and breaking the £15bn barrier for its funds under management.

UBS Investment Bank Bans Use of Multi-Bank, Social Chat Rooms

Regulators have targeted traders’ electronic messages, using them as evidence of wrongdoing in their investigations into the manipulation of benchmark interest rates and foreign- exchange markets.

Only 15pc of Aussies have financial adviser

LESS than a quarter of investors seek expert financial advice, revealing the extent of opportunity for the banks to source more earnings from wealth management -- but also showing how far they have to go.

Most Wealth Managers Are Contemplating Outsourcing

Most wealth managers are looking to outsource some parts of their businesses in the next five years

DBS, ABN AMRO among final bidders for SocGen Asia private bank-sources

Singapore's DBS Group Holdings and ABN AMRO are among the suitors to place final bids for Societe Generale's Asia private bank

Wealth-X to provide news on super rich

Wealth-X has launched a unique digital intelligence and analysis platform collating daily news about the ultra wealthy – Wealth-X News.

Permira Poised to Buy Deutsche Bank's Wealth Management Arm

Private equity firm Permira is close to acquiring Deutsche Bank’s wealth management business

Netherlands Seeks to Cap Bankers' Bonuses at 20%

Banks will also be forced to limit severance pay and claw back bonuses when employees have violated professional standards or are responsible for hefty losses.

Rothschild parent Paris Orleans posts lower sales, net profit

Paris Orleans reported lower first-half revenue and net profit, citing a weak merger-and-acquisition market as well as impairment charges related to its investment in Banque Privee Edmond de Rothschild.

UK Wealth Manager Number Drops 20% After Regs On Fees, Commissions

New regulations, including the U.K.’s Retail Distribution Review, make finding financial advice more complicated for wealth-management clients

Lloyds In New St James’s Sale

Lloyds Banking Group is poised to sell a 12% stake in the wealth management firm St James’s Place before Christmas in a move that would reap £390m.

Advisers still servicing few wealthy clients

These figures show that there is still room for opportunity," BlackRock managing director Mark Oliver told Financial Standard.

Kleinwort Benson Group Announces Update on Regulatory Process for Proposed Acquisition of BHF-BANK

As a consequence of this, BaFin also confirmed that it had commenced the formal 60 working day review period for the approval of the entire transaction, which will expire on February 18, 2014.

Raymond James Announces Woman of Distinction Award Winners

Thirteen advisors recognized as Women of Distinction by the Raymond James Network for Women Advisors

Wealth and Asset Management