Managers of Wealth

Bellpenny gains £75m FUM with IFA Meridan Park acquisition

The deal - Bellpenny's 11th - takes the company to £1bn funds under management.

Invesco Announces September AUM

Invesco Ltd. today reported preliminary month-end assets under management (AUM) of $745.5 billion, an increase of 3.6% month over month.

Why Barclays’ Decision To Revamp Wealth Management Operations Makes Sense

Horrell plans to exit from as many as 130 countries over the next three years

UBS Adviser Breaks Away To Form Independent Firm

The firm said the move was driven by a desire for access to new technology, a broader choice in clients and independence as a fiduciary adviser to its 119 family clients, who are based around the country.

Solid first half of 2013 for Bank REYL

Consolidated revenues totalled CHF 59.1 million over the same period, registering a 64% increase on an annualised basis.

Philippa Gee: Why We have Gone Directly Authorised

Well our big news is that, as of the beginning of October, we are now Directly Authorised

Wealth Management Advice Should Be Improved, U.K. Regulator Says

The chairman of the U.K. markets regulator said there is room for improvement in the selection of client investments by wealth managers.

Bankers admit the rich are getting richer

Majority of Canada's affluent say they are better off today than before the 2008 downturn.

Lazard vs Rothschild vs STJ Advisors

With the return of the market for initial public offerings in Europe this year, so also comes a heightened level of competition among its participants.

Coutts hosts client investment lunch

The discussion centred around four main themes including eurozone stability which is looking better, the interest rate outlook which we are expecting to stay low for a long time, trends in dividend yields and equity market valuations.

Ventures Africa Launches Most Comprehensive 'Africa Rich List' Ever Compiled

Many more African billionaires than previously thought

IFA launches ethical portfolios which donate portion of AMC

Under the scheme the client chooses a percentage of their annual gain to donate to charity and that will be matched by TAM which will give the same percentage of its management fees.

Fidelity launches Undiscovered Talents fund for HNW clients

Fidelity said the launch does not represent a full-scale move towards providing new funds for its direct customer base

Wealth Management Mergers 'Inevitable'

UBS yesterday vehemently denied reports in DataRoom that it was looking to hive off part or all of its wealth management arm.

Morgan Stanley Wealth Management Suffers Big Client Asset Loss in 3Q as Advisers split

Morgan Stanley Wealth Management, the nation's largest brokerage by adviser head count, lost $8.4 billion in client assets during the third quarter, as some of its major producers took their business to competing firms.

Private Banking Special: Arnaud Leclercq, Lombard Odier

Lombard Odier plans to increase its assets in the Middle East to 20 per cent of its global business by the end of 2017.

RBC makes $100-million pledge

RBC president and chief executive Gord Nixon says Royal Bank's goal is to help one million kids and youth by 2018 through a wide variety of programs.

RBC Global Asset Management announces September net sales of $121 million

"September proved to be another positive month for RBC Global Asset Management," said Doug Coulter, president of RBC Global Asset Management Inc.

Swiss bank to shut India wealth JV

India remains a difficult market for global wealth managers, who were drawn by its longer-term prospects only to find revenues being squeezed by cut-throat competition, high staff costs and subdued markets.

Macquarie deal in hand, Richardson GMP must now convince retail brokers to join its ranks

Macquarie deal in hand, Richardson GMP Richardson GMP agreed in September to pay $132-million for Macquarie Private Wealth

Wealth and Asset Management