Managers of Wealth

U.S. private wealth management division of CIBC continues record growth, hiring top talent

The net inflows reflect a healthy ~50/50 blend of net client additions and new client relationships, typically referrals from current clients, tax and legal advisors and industry professionals.

Will Advisors Care About Krawcheck's New Women-Focused Index Fund?

Wall Street veteran Sallie Krawcheck is teaming up with a money manager for an index fund focused on women a fund that before its re-launch suffered dismal long-term performance

Luton IFA sheds clients in £50k plus push

Gilbert said the firm was in talks with interested parties

Rattled Swiss private banks turn page on past

Switzerland agreed a few weeks ago to phase out its long tradition of banking secrecy

Prestige AM signs distribution deal with Natixis

UK-based Prestige Asset Management has signed a product structuring, marketing and distribution deal with Natixis, the second-largest banking player in France

Premium segment to drive HSBC’s retail and wealth business in the UAE

Lender witnessing strong growth in all segments of retail business such as personal loans, credit cards, mortgages and vehicle finance

HSBC Tablet to deliver wealth solutions

New service will allow HSBC’s relationship managers to take the bank to clients anywhere, anytime

For Art Collectors, the Risk Behind the High Returns

Can art be treated as a financial investment like stocks and bonds?

Guernsey And Emerging Markets – It’s A Small World After All

The need to look after developed markets as well as to grow market share in the emerging and frontier territories continues, says Fiona Le Poidevin of Guernsey Finance, who reports from her recent trip to Latin America.

UK wealth manager fails to disclose up-to-date dealing costs

Firm’s True & Fair Campaign has for the past two years accused the industry of covering up costs

Charles Schwab Evolution Reaches Milestone Serving the Wealth Management Needs of Affluent Investors

Fifty percent of client assets now enrolled in some form of ongoing advisory relationship

Coutts may have to pay compensation for giving unsuitable investment advice

Private bank and wealth manager says if clients have suffered financial detriment they will be compensated in full

Wealth managers hit back over claims of ‘murky’ costs

Leading discretionary fund managers have rejected a report’s insinuations that their costs are excessive and opaque.

Guernsey responds to Queen’s Speech; seeks level playing field on beneficial ownership

Guernsey already regulates its corporate service providers who are required to keep records on beneficial ownership and so we believe that we are in many ways ahead of the curve.

Boris Johnson: London is 'natural home' of asset management

The Mayor of London Boris Johnson has described the asset management industry as of “crucial importance” to the UK economy, while declaring the economic recovery is in “full swing”.

Queen's bank Coutts to review 60 years of client files over concerns about investment advice

Coutts is to review every client investment dating back to 1957 in one of the most thorough suitability reviews ever carried out in the industry.

Platform opens wine fund opportunity to wealth managers

The challenges associated with self-directed trading by orchestrating settlement between counterparties, inspections and all logistics are handled by Wine Owners

SocGen, Santander mull tie-up with Germany’s Commerzbank – report

France’s Societe Generale and Spain’s Santander are mulling a tie-up with Germany’s second-largest lender Commerzbank

Nottingham IFA boosts assets to £400m with double acquisition

The East Midlands IFA has bought IFAs Bromley & Coe and Meridian Financial Management.

Rathbones' Coombs: 'If Dobell had a trust, we would buy tomorrow'

Dobell's performance has since struggled and over the past three years it has returned 11.9% versus 31.9% by the UK All Companies sector.

Wealth and Asset Management