Managers of Wealth

The biggest wealth management stories of the year so far

The start of 2015 has proved to be a busy few months for the wealth management space

Webster's Wealth Management Business Falters

The drop from the previous quarter was due to lower unanticipated volume in Webster Investment Services

UBS confirms wealth management review

UBS has launched a review of its Australian wealth management business, the chief executive of the Swiss bank's wealth management division has confirmed.

UBS revamps products, intermediaries divisions

The Swiss bank is integrating its global financial intermediaries unit with its investment products and services division. It has also appointed a new head of investment products and services for Asia Pacific.

Morgan Stanley Executive to Co-Host TV Show

SkyBridge Capital, a firm that invests client money into hedge funds, said in February that it planned to relaunch the show through an affiliate.

Breaking the banks: Tax jump may drive HSBC, StanChart away from UK

Several investors told Reuters they want the two banks to do a thorough analysis on whether it makes sense to move after Britain raised the bank tax by a third last month.

Towry to launch online services

The chief executive of Towry, the acquisitive wealth manager and financial planner, says the group is close to launching online services for its clients, as it reveals sharp increases in assets under management and revenues for 2014.

StanChart targets corporate customers for growing private banking unit

Standard Chartered's private bank has had a full year figuring out how it would grow and where that growth would come from.

Some banks tried to renege on deals after SNB's policy U-turn

After the Swiss National Bank abandoned its price cap on the franc in January, some dealers such as Bank of America Corp , Barclays Plc and Goldman Sachs Group Inc approached customers about changing some trades

New leaders chart expansion for RBC GAM

Stressing continuity, they seek bigger footprint in U.S., Europe

Macquarie Private Wealth ignored misconduct, overhauls pay structure

Several advisers who admitted to using a cheat-sheet on exams – after Fairfax Media reported of its existence – were retained by Macquarie for long periods after their admissions, according to sources.

Schroder ISF QEP Global Emerging Markets celebrates third anniversary as the strategy exceeds $3 billion AUM

The fund – which is managed by Schroders’ QEP Investment Team – offers investors a different way of accessing the emerging market opportunity set.

Wealth Adviser: Working with Your Own Family Gets Tricky

It’s natural enough for a financial adviser’s relatives to become clients

How Abu Dhabi's mega-rich are buying up London

They’re snapping up restaurants, taking over hotels — even investing in the water supply. But not everyone’s happy. James Ashton reports on the Abu Dhabi super-rich buying up the capital

Wealth management firms likely to be affected by Mifid II

More clarity is needed from the FCA ahead of the 2017 deadline

UBS still needs to get rid of investment bank -activist investor

Activist investor Knight Vinke said UBS needs to "radically" shrink and should look at spinning off or merging its investment bank

Brewin named as top UK takeover target

Brewin Dolphin has been named as a prime candidate to join the wealth management M&A merry-go-round by broker Liberum Capital.

Close Brothers buys Scottish IFA

Andy Cumming, head of advice at Close Brothers Asset Management, said the acquisition will strengthen the group's integrated wealth presence in Scotland.

Wealth managers flock to convertibles as volatility rises

Wealth managers have been reducing equity allocations and using convertible bonds to dampen the volatility of their multi-asset portfolios

UBS set to beef up compliance with 350 staff - memo

Swiss bank UBS is set to add as many as 350 compliance staff in Nashville and Krakow over the next two to three years, according to a memo seen by Reuters on Friday.

Wealth and Asset Management