Managers of Wealth

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

Leading private bank quitting the island

The international firm is pulling the plug on the provision of banking and wealth management services from the island.

Succession acquires eighth IFA

Succession has acquired a Halifax-based advice firm for £3m

Credit Suisse Posts Biggest Loss Since 2008 After U.S. Fine

Credit Suisse Group AG reported its biggest quarterly loss since the collapse of Lehman Brothers in 2008, due to a 1.6 billion Swiss franc (1 billion pounds) charge taken following a May settlement with U.S. authorities over tax evasion charges.

HSBC Premier awards its communication mandate to L&K Saatchi & Saatchi

HSBC has awarded its communication mandate to L&K Saatchi & Saatchi for the re-launch of its Premier offering in India.

Singapore set to overtake Switzerland as world’s largest wealth management hub: report

Bankers are in very great demand.

Arbuthnot pre-tax profits up 368%

Pretax profit rose to 9.5 million pounds from 2 million.

Arbuthnot agrees sale of structured product business

Arbuthnot Banking Group has agreed to sell its structured product business by the next quarter of the year.

Why Financial Advisers Have a Failure to Communicate

Investment pros try to impress their clients with jargon, but the message isn't getting through.

Cantor Fitzgeraled seeks global bolt-ons

Cantor Fitzgerald is looking to “aggressively” bulk up globally across asset management and investment banking, with the US brokerage setting its sights on acquisition targets on both sides of the Atlantic.

Natixis To Fund Research On Investing

The project, to be conducted by the Massachusetts Institute of Technology, will focus on investor behavior and the personal benchmarks investors set.

Julius Baer Buys Bank Leumi's Swiss Private Bank

The most recent deal wasn't widely anticipated

Julius Baer 6-month IFRS Net Profit Climbs 56%

Assets under management (AuM) grew to CHF 274 billion

WH Ireland withdraws from third party adminstration

Wealth manager and stockbroker WH Ireland has reported strong profit growth in the six months to May

Wealth firm's acquisition spree boosts profit by 50%

Revenues were up 50% at £7.3m, earnings before interest, tax, depreciation and amortisation rose by 97% to £0.81m and pre-tax profits were up 55% at £0.54m.

UBS banks on growth in business with the ultra-rich

UBS expects its business with its wealthiest clients to grow by 7 to 8 percent in terms of assets, as the area plays an increasingly important role for the Swiss private bank.

Julius Baer Says Russian Clients Inactive Amid Tensions

Julius Baer Group Ltd., Switzerland’s third-largest wealth manager, said its affluent Russian clients were less active in the first half of the year amid political tensions in the region.

True Potential pre-tax profits up by 104%

True Potential Associate Partners and True Potential Adviser Services) remains one of the fastest-growing technology and financial services companies in the UK.

Wealth and Asset Management