Managers of Wealth

Finra fines Wells Fargo, Raymond James, LPL

Wells Fargo, Raymond James and LPL don't have to pay a fine because the firms themselves discovered that the fees had been charged to its customers and they then reported the problem to Finra.

Move Once, Monetize Twice

The notion of changing firms late in your career brings up many questions, not just related to the advisor’s own financial future, but also to your clients and legacy

Aberdeen Asset Management gets shareholder backing for fundraising plan

Aberdeen Asset Management has received shareholder backing to issue 200 million new shares.

We all know of the gold standard, but have you heard of the cheese standard?

Italian bank takes cheese as collateral for loans

Aviva pours another £8.5m into Brewin Dolphin

Aviva has bought 2.9 million shares in Brewin Dolphin to lift its stake beyond the 4% threshold.

London loses golden touch as China’s build-up of bullion continues apace

The benchmark price of dollar gold is set in London twice daily via an auction process

No let-up for European Wealth’s acquisition drive

We have had some really good wins in terms of acquisitions and the teams.

The wealth management industry: changes and opportunities

The period following the financial crisis of 2008 heralded a time of huge change, challenge and opportunity across the financial industry

DBS among world's top 50 private banking brands: The Banker

The report looked at how private banks grew their brands over the past year.

New Credit Suisse CEO promises "ruthlessly selective" review -FT

Thiam's strategic review will involve executives competing with each other for capital allocations by showing their units

Bearish beers, bullish spirits at London’s first stock exchange-themed bar

To capture the best deals, customers use an app to monitor prices that constantly shift based on how much customers are buying.

Citi says SMSFs, low returns may push major banks to sell-off wealth arms

Citi analyst Craig Williams noted that the banks' wealth arms, largely acquired in the early 2000s, had not become "the fast growing, low capital intensive earnings stream" the lenders had expected.

BMO Global AM completes EMEA rebranding

After the rebranding there will be no changes to F&C’s investment trust business or the F&C savings plans and fund names will not be changed either

World's first diamond exchange will go live in Sep

Set up in Singapore with several large Indian diamond firms as members, Jim Rogers is one of the angle investors

South African magnate with thirst for the UK high street

Christo Wiese is third on South Africa’s rich list, with an estimated worth of £4.2bn, and is buying up assets in the UK

Credit Suisse CEO vows action for 'impatient' investors: NZZ

New Credit Suisse AG Chief Executive Tidjane Thiam has told a Swiss newspaper he wants quick action to implement results of strategic review he is conducting at the Swiss bank.

Liechtenstein-based Bank completes share buyback

The bank bought back 300,750 bearer shares and 114,080 registered shares under the scheme announced on June 18.

The next step of evolution: socially responsible wealth managers

What is the point of doing your job if you are not going to make the world a better place?

Fund and private client services firm acquires Kleinwort Benson CI and SA Funds Business

Staff in South Africa will remain in their offices in Cape Town, whilst in Guernsey the combined business will operate from Dorey Court in St Peter Port

JOHCM's Beagles snaps up wealth managers

J.O. Hambro Capital Management's Clive Beagles has opened new positions in wealth managers and increased exposure to certain banks in his £2.9bn UK Equity Income fund.

Wealth and Asset Management