Managers of Wealth

Luxembourg tax regime: Under siege

The low-tax system that has brought great prosperity to the Grand Duchy now threatens to become a liability

Cantor Fitzgerald sees opportunities - will continue to hire

Cantor Fitzgerald’s Shawn Matthews sees the fixed-income landscape only getting worse for the largest banks in the coming years, creating opportunity for securities firms like his.

Brown Shipley to overhaul fund range

Brown Shipley is planning to revamp its suite of funds later this year in a process that will include the launch of two new products.

European Wealth updates on Bradley Stuart acquisition

Bradley Stuart generated turnover of around £1.28 million in the year ended April 30, 2012

Swiss private banking sees strong growth in Spanish AUM and bolsters team with new hires

The Swiss specialist in private banking, asset management and intermediation, is reaping the rewards of its massive bet on Spain with strong growth in 2013, including a 400% rise in the volume of SICAV and fund assets under management compared with 2012,

Spain Boosts Mirabaud Equity Fund

Spain, whose equity markets are a key part of the Eurozone "recovery" story, boosted the local asset base at Mirabaud by 400% in 2013.

Investment concerns of the wealthy

Many high net worth individuals are concerned about decisions to reduce the equity exposure in their portfolios, especially against the background of the tax costs such a decision would trigger.

Close Brothers has delivered another strong result

Asset Management continued to make good progress with 7% growth year to date in Assets under Management to £9.7 billion

Rathbones' profits surge 33% despite £15m legal payout

Whilst we believe that the underlying Jersey claim would eventually prove unsuccessful

Brooks Macdonald poised to complete takeover as assets grow 28%

We expect to exercise the option to acquire Levitas imminently

Macquarie spends $49 million to fix private wealth

Macquarie also came under fire as a Senate committee report last month recommended a royal commission

HNWIs money’s should be invested globally, directly

Not being content with an SA fund invested abroad.

Nedbank Private Wealth stays ahead of the game

To be awarded the designation Chartered Wealth Manager, applicants must achieve a combination of high level qualifications, demonstrable maintenance of competence and the passing of the CISI ‘Integrity Matters’ test at the highest grade.

UBP Says Lloyds Monaco Unit Boosts Client Assets

As at 30 June 2014, UBP had posted net earnings of CHF 82 million

Half of investors say wealth manager fees still not transparent

Somewhat alarmingly, 50 per cent of investors receiving advice still don’t feel the fee structures are truly transparent.

Scots fund house will be sold to American investor

Active International Equity Specialist with Close to US$10 billion in AUM

Standard Chartered defends Peter Sands from attack

Chief executive Peter Sands is credited with devising the "Balti bail-out" that saved Britain's banks but is now under fire himself

Swiss private banking business changes hands

Details of the transaction weren’t disclosed.

Brewin Dolphin managed assets up 2 percent in June quarter

Continued growth of net external organic funds into our core discretionary service in line with our 5% per annum long term target. An additional 2% annualised growth in net funds due to successful conversion from advisory services.

Swiss Bank EFG Sets Aside $24 Million for US Tax Fine

“First-half results were adversely impacted by exceptional legal and regulatory expenses,” Chief Executive Officer John Williamson said in the statement. “I remain optimistic about the future, with the prospect of fewer distractions and

Wealth and Asset Management