Managers of Wealth

Jefferies Vows Immediate Cash Bonuses as Big Banks Defer

Paying immediate cash sets Jefferies apart from some competitors as Wall Street seeks to curb compensation costs.

MUFG to buy BofA Merrrill Lynch's stake in Japan private banking joint venture

Japan's biggest bank will buy Merrill Lynch's 49 percent stake in Mitsubishi UFJ Merrill Lynch PB Securities Co

Hargreaves Lansdown chief exec Gorham sells £3.35m stake

Gorham sold the shares at the end of a three-year lock-in period in the company’s joint share ownership plan

Deutsche Bank to Focus on Russia’s Rich After Fund Merger

Germany’s biggest bank agreed to buy the 60 percent in Deutsche UFG Capital Management it didn’t already own a year ago.

Wealth management will be the next area of development for Islamic finance

The availability of products and services for Muslim high net worth individuals is still limited.

Matthews Steer Chartered Accountants moves into wealth management

The company will merge its financial planning group with its private client accounting

Net Worth is Higher, but not Everyone Feels Better Off

More than 60 percent of Millionaires feel that their financial situation has improved over the last year

China's boom in wealth management products makes economists fear

The mainland's smaller banks boosted sales of wealth management products

Gold Grows Cold for Millionaires

Ultra wealthy investors appear highly unlikely to increase their investment in gold in 2013

BBC orders wealth doc series

The series will examine why the world’s wealthiest people are more likely to be younger

Wealth managers and stockbrokers see growth

The firm calculated that revenue generated by wealth managers and stockbrokers rose by 4.1 per cent

Newton pInvestment Management puts £3.5bn wealth division up for sale

Newton Investment Management, headed by Helena Morrissey, has put its wealth management division on the auction block.

ABN Amro Increases Equity Allocation, Cuts Cash Holdings

ABN Amro Bank NV’s wealth-management unit is increasing its allocation for stocks and cleaning out cash holdings as it bets on a rally in European and emerging- market equities next year.

RBC Leads Bay Street Bonus Rise as Wall Street Faces Cuts

Canadian Imperial Bank of Commerce was the only one among the group to pare its bonus pool

Weatherbys opts to shut internal investment arm and outsource

The bank said that it remains committed to providing private banking and wealth management services to its clients.

Deutsche Bank Will Merge Swiss Wealth Management Units

The firm said Oct. 30 it will complete the majority of the job reductions, including 562 in asset and wealth management, by the end of this year.

Wealthy homeowners await tax shake-up

On Tuesday the government will publish its draft finance bill, which will include details of the annual charge on corporate vehicles – both UK and overseas – used to buy expensive homes. The annual charge proposal was laid out in March’

Bank Sarasin-Alpen recognized as the “Best Wealth Manager” for the second year in a row

Bank Sarasin-Alpen won the Best Wealth Manager award at the Islamic Business and Finance Awards 2012 for the second consecutive year. The Awards ceremony was organized by CPI Financial, publisher of Islamic Business and Finance magazine. Rohit Walia, Exec

$1.2 trillion assets of the rich in GCC

Asia Pacific was the star performer, which saw the number of HNWIs in the region rose by 1.6% y-o-y to 3.37 million individuals in 2011.

1 million rich Gulf families own wealth worth $ 1.2 trillion

One million wealthy families in the Gulf Cooperation Council (GCC) countries own investment assets worth about USD 1.2 trillion, a new report has said.

Wealth and Asset Management