Managers of Wealth

India: Private wealth managers a divided lot on election play

Whether or not to take the plunge into equities ahead of the election results is the dichotomy facing private wealth managers.

BMO/F&C Acquisition Update

BMO Europe has confirmed to F&C that it is still awaiting approval of the Acquisition from certain regulators

RBS doubles operating profit to £1.5bn in Q1

Royal Bank of Scotland today said its first-quarter operating profits have doubled and the group remains on track to deliver £1 billion of cost savings for the full year.

Schroders CEO Says Firm Open to More Acquisitions

The company today reported a 90 percent jump in first-quarter revenue for its wealth-management unit, boosted by its takeover of Cazenove Capital Holdings Ltd., which was completed in July.

Schroders shareholders OK executive compensation despite pension fund opposition

Firm also reports 1.9% increase in AUM for quarter

True Potential adds exclusive Goldman Sachs Asset Management income strategy fund to its Wealth Platform

True Potential Investments has added a new Goldman Sachs Asset Management income strategy fund to its Wealth Platform on an exclusive distribution deal.

YOUR PRACTICE - Why financial advisers should choose a niche

The higher the net worth of the clients served, the more critical specialization is. BofA's U.S. Trust unit, for example, requires private bankers to "choose a major" to help attract ultra high net worth clients.

US-based wealth management giant closes financial planning division in India

The spokesperson clarified that only the financial planning arm of the company was being shut down

UBS Wealth Management Americas Introduces Innovative Educational Portal for Equity Compensation Plan Participants

UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide

ANZ wealth division profits up 11%

ANZ Smart Choice Super now has over 270,000 customers

Schroders wealth revenues jump 90% through Cazenove buy

Net inflows £3.8 billion

Bryn Mawr Wealth Assets Reach $7.4 Billion

We were pleased to see the continued increase in our quarterly earnings

JP Morgan pushes for market share following sales team restructure

JP Morgan Asset Management head of UK field sales Mike Parsons has spent much of the past year realigning the company’s sales team and expanding its product range to meet the changing demands of the post-RDR market.

SJP rejects concern over conflict of interest

St James’s Place has “nothing to fear” about a forthcoming FCA thematic review into conflicts of interest at firms that recommend in-house funds, David Bellamy has said.

Henderson sells £1.5bn multi-manager to Old Mutual Wealth

Cirilium is an investment joint venture between Henderson and adviser network Intrinsic

Swiss Private Bank bars staff from entering France - report

Investigating over allegations it illegally sold products to avoid French taxes

Manulife Financial profit jumps on investments, wealth fees

Manulife Financial Corp said on Thursday its first-quarter profit rose by more than 50 percent as a stronger investment performance and higher wealth management fees more than offset weaker insurance sales, but the results just missed analysts' estim

UBS bars some staff from going to France: report

French judicial authorities are investigating UBS over allegations it illegally sold products designed to avoid French taxes.

J.P. Morgan Launches Next Generation Target Date Compass Program

J. P. Morgan Asset Management is announcing a major upgrade to Target Date Compass, the groundbreaking tool that advisors use to help plan sponsors make informed target date fund selections.

Bertarelli family-backed Northill Capital acquires majority interest in Longview Partners

Longview Partners is a specialist asset management firm focused on global equities portfolio management, based in London and Guernsey.

Wealth and Asset Management