07/28/2013
Moelis, Rothschild Take Lead on Omnicom-Publicis Merger
The two companies’ combination didn’t require the issuance of debt or new equity
Wealth and Asset Management
07/26/2013
How the Big Six banks won the battle for Canadians’ wealth
The white flag of surrender hasn’t quite been raised, but the war for the Canadian investor looks all but over.
07/26/2013
Odds are your family business will not pass to the next generation
Remarkably, only 15 percent of family businesses pass to the next generation, and even fewer survive to the third (according to a global study conducted by U. S. Trust, Bank of America Private Wealth Management, Prince and Associates and Camden Research)
07/25/2013
Charles Stanley revenues up 31%
Charles Stanley's revenue for the three months to the end of June r
07/25/2013
A new era of ethical investment? A fifth plan to get financial advice for the first time
One in five people who have previously not received financial advice plan to do so in the future to prepare for retirement, according to new research.
07/25/2013
RIAs must be prepared for aggressive SEC enforcement
For registered investment advisers, times have changed, indeed. Unfortunately, too many investment advisers are living in 2002 when it comes to awareness of and preparation for regulatory action.
07/24/2013
UBS France CEO eyes growth despite tax probe
UBS is being probed over its sales practices after a former executive told the authorities that Swiss bank accounts were being illegally sold on French soil and recorded in a separate account-keeping system used to help calculate bankers' bonuses.
07/24/2013
HK family office boosts real asset allocation
Grace Financial is making more concentrated direct investments in infrastructure, metals and property.
07/24/2013
Credit Suisse's private banking and wealth management division profit rises 4 pc
Mirroring a strong performance by Wall Street rivals, Credit Suisse more than doubled pre-tax profits at its investment banking division from a year ago
07/24/2013
Predicted shortfall of 5000 IFAs for UK's HNW baby boomers
The UK faces a 20% shortfall of independent financial advisers which will potentially hit the baby boomer generation approaching or at retirement
07/24/2013
Brooks Macdonald warns on future margins as assets jump 45%
In a trading update for the year to 30 June, the firm reveals discretionary funds have reached £5.11bn - up from £3.52bn reported for the previous 12 months.
07/24/2013
Statement from the Swiss Bankers Association regarding payments and disclosures under the agreements with the UK and Austria
Both the UK and Austria have received either direct payments or information.
07/24/2013
London & Capital opens service for US resident non-doms and Green Card holders
London & Capital today launches a new service, enabling US resident non-doms and Green Card holders to open a US domestic investment account, reducing onerous administrative burden for its US clients.
07/24/2013
BCG report: Asset management recovery begins on bumpy road for traditional players
The increase in new asset flows remained relatively modest
07/24/2013
BlackRock Says Executive Rejected RBS Approach
BlackRock Inc said its head of Asia Pacific operations, Mark McCombe, spurned an approach regarding the role of chief executive at Royal Bank of Scotland and will remain with the world's largest fund manager.
07/24/2013
New online wealth management service axed before reaching market
Where's my BloombergBlack?
07/23/2013
BRW magazine reveals Australia's richest families
All of the top five families are Melbourne-based.
07/23/2013
Heartwood name survives for mass-affluent regional opportunity
To support this development and grow outside of Heartwood’s stomping ground of London and the South East, Lough said a hiring spree was in the offing.
07/23/2013
Close Brothers AM hits £9 billion
Close Brothers will be releasing its full year results for the twelve months ending 31 July 2013 on 24 September 2013.
07/23/2013
EFG unit sale boosts first-half profit
Private banking income from continuing businesses grew 10 percent.