Managers of Wealth

Northern Trust develops new reporting solution

Northern Trust Integro Helps Clients Increase Transparency into Portfolio Holdings

Lord North Street hires JP Morgan banker for Swiss launch

Swiss Private Investment Office is further step in international expansion

St James's Place drops GAM's Green and THSP in global equity overhaul

The two firms being brought on board are Magellan Asset Management, based in Australia, and Edgepoint, based in Canada.

Denmark's biggest bank to target private clients in Ireland

The bank has completed a significant restructure of its Irish business from a traditional retail bank to a specialised bank focussing on corporate and private clients

Bank’s F1 sponsorship gives high rollers what money can’t buy

The bank acknowledges that there is something more to its sponsorship than meets the eye.

RBS Seeks Coutts Deal With London 2012 Boss

Taxpayer-backed bank's chairman seeks out-of-court deal with Air Miles tycoon on Coutts mis-selling allegations, Sky News learns.

At Schwab: Being Fair to Advisers, Sensitive to Clients

Members of a wealth advisory team are highly sensitive to "fairness."

Lazard reining in wealth management unit

Move is part of cost-cutting but adviser job cuts remain a question

Barclays Wealth unveils post-RDR advice charges

Barclays Wealth has revealed its post-RDR charging structure with a new rate card for advisory clients.

ABN AMRO warns bad loans, bank tax to hurt Q4 earnings

The year-to-date underlying net profit, which excludes separation and integration-related expenses, rose 22%

Asian banks win as rich seek safety

When the world's richest people want to manage and grow their wealth, they now consider safety of assets, not investment return, as the top priority, following the 2008 global financial crisis that originated on Wall Street.

International funds manager to acquire portfolio of businesses in wealth management

The company has announced that it has commenced due diligence on the acquisition of a portfolio of businesses in wealth management

Kleinwort Benson assets under management flat

Balance sheet remains strong, with a Tier 1 ratio of 22% in our Wealth Management operations and a strong liquidity position underpinned by our prudent treasury investment policy.

Investec First-Half Profit Drops

Investec, which owns a bank and money manager in South Africa and the U.K., said first-half profit fell 5 percent after costs rose, the rand weakened and revenue declined.

Veritas splits private client and fund businesses in restructure

Veritas Asset Management UK is to split its fund management arm from its private client business as part of a corporate reorganisation.

Julius Baer 10-Month Assets Under Management Rise 10%

Swiss private bank Julius Baer Group AG reported a 10% annual increase in assets under management by the end of October, due to new net money inflows and positive bond and equity markets.

HNW want old-fashioned banking - RESEARCH

It seems that the key for banks to trying to re-establish their customers’ faith and loyalty is to sit down and talk.

PruProtect targets wealth managers with protection consultants

PruProtect also has a seperate team of 120 business consultants who work with protection advisers and brokers.

Raymond James shuts Brazil unit on regulatory hurdles

A small number of employees who support Latin American sales and trading will also lose their jobs in New York and London, the St. Petersburg, Florida-based firm said in a statement.

Assets Under Management Rise At Julius Baer

The increase in AuM resulted from continued net new money inflows close to the top end of the Group’s medium-term target range as well as a positive market performance impact supported by sustained gains in the global equity and bond markets.

Wealth and Asset Management