Managers of Wealth

House of Fraser close to falling into French hands

House of Fraser has hired Rothschild to manage the process, and has been holding a beauty parade for advisers over recent weeks.

It was a big year for: the asset managers

After hiring 13 professionals in 2012, Aeschlimann raised his bet by hiring a further four in 2013, including Anu Narula, his new head of global equities, who arrived from Axa Framlington.

Advisers' investment trust purchases on platforms up 66%

Purchases of investment trusts through platforms by advisers and wealth managers increased by 66 per cent over the first nine months of 2013

Bob Diamond raises $325m for African banking venture

Former Barclays chief executive and continent's youngest billionaire intend to use funds to acquire stakes or operations in African financial services companies

The Digital Operators that are shaking up old-school wealth management

Tired of your slow, stuffy private banker? The digital revolution is giving them a run for your money

Old Mutual Wealth in talks to buy Intrinsic

Old Mutual Wealth is in talks to buy adviser network Intrinsic, Money Marketing understands.

New expat account and investment facilities for UAE expats

In the five years since the collapse of Lehman Brothers led to the global economic crisis the number of expat bank accounts have shrunk, most notably in the UK.

BNY Mellon Introduces Fee Management Service for Asset Managers

The offering, serviced through BNY Mellon's transfer agency group, has been designed to help asset managers understand the services they are receiving for the fees they pay to broker-dealers.

Bankers Expect 44% Rise in Bonuses

The average bonus for managing directors, the level just below the board, is predicted to increase to £167,000 in 2013, up from £116,000 in 2012.

Super-Rich bet On Emerging Markets, Agriculture and Private Equity

Those surveyed say equities – led by emerging market equities, favoured by 27% of respondents – agriculture, and private equities are expected to be the best performing asset classes, while cash and government bonds are forecast to do least we

Lombard Odier in fresh assault on UK retail market

Nine of its Luxembourg-based funds are now available to UK investors in sterling shares, including the top-performing Lombard Odier Technology fund and the $835m Lombard Odier Emerging Consumer fund.

Wealth management industry mergers surge

Global wealth management M&A activity quickens as valuations dip; in 2013 nearly USD0.76 trn in HNW assets changes hands through deals.

Several Swiss Cantonal Banks to Join U.S. Tax Deal

Several Swiss regional banks said on Monday they would cooperate with U.S. officials to avoid prosecution in a crackdown on Swiss lenders suspected of helping wealthy Americans evade taxes through offshore accounts.

Cyber criminals steal millions via wealth managers

“It’s scary. Wealth managers are being used to get millions of dollars. I have seen six of these [thefts] in the four months I have been here"

Wealthy investors keep faith in London

Fleming Family & Partners (FF&P), a family wealth manager and adviser, surveyed 90 people

RBC Wealth Management is named principal sponsor for Masterpiece London

The leading international art, antiques and design fair, Masterpiece London, today confirmed signature of a principal sponsorship deal with RBC Wealth Management

Where Investors Obtain Wealth Management Services

Brokerage firms often provide wealth management services to affluent investors.

Wealth manager to provide highly-personalised service

Former private banker Nick Parker has launched a wealth management business that will cover London and the southeast of England.

Ashcourt Rowan to buy UK Wealth Manager for £14m

The Acquisition, which is subject to regulatory approval from the FCA, will create a leading UK wealth manager with a national footprint offering high quality financial advice and investment solutions to individuals and corporates through its network of 1

Ashcourt Rowan underlying earnings more than double

Ashcourt Rowan, the UK wealth management group, has announced its Group audited results for the six months ended 30 September 2013.

Wealth and Asset Management