01/16/2014
Digital shift drives wealth management practices
“If we command our wealth,” wrote Edmund Burke, “we shall be rich and free. If our wealth commands us, we are poor indeed”.
01/16/2014
Jupiter Fund Management hiked assets under management to £31.7 billion last year, surpassing £30 billion for the first time.
01/16/2014
Citigroup Inc.'s fourth-quarter profit more than doubled from a year earlier as the bank reined in expenses and bounced back from a 2012 quarter weighed down by heavy charges.
01/16/2014
The specifics of Russian private banking
Although the private banking market is relatively young in Russia, local banks are now capable of competing with their Western colleagues in terms of complex and exotic investment vehicles
01/15/2014
Aberdeen Asset Management publishes more detail on executive pay
Other potentially controversial elements are the lack of an upper limit on bonuses for the directors, including Martin Gilbert, who founded the firm 30 years ago.
01/15/2014
Coming soon: New head of retail wealth management at Canaccord Genuity
The stage has been set for the appointment of a new head of retail wealth management at Canaccord Financial.
01/15/2014
BNY Mellon has partnered with nine prominent investment advisors to offer more than 20 investment strategies.
01/15/2014
Private wealth is increasingly shaping the world's real estate markets
Private wealth is increasingly shaping the world's real estate markets and the use of private equity in major property deals worth at least US$10 million has nearly trebled since 2009.
01/15/2014
Bath-based Epoch Wealth Management business named Adviser of the Year 2014 for the South West
Epoch beat off competition from four other shortlisted firms to win the prestigious award at the New Model Adviser Conference in London.
01/15/2014
Leading private client, fund and corporate services firm acquires Herald Trust
In addition to purchasing the client book, 27 Herald directors and staff based in Jersey have transferred
01/14/2014
UBS Sees Increasing Swiss Competition in U.K. Wealth Push
UBS AG, Switzerland’s largest bank, expects to boost client assets in the U.K. this year even as Swiss competitors try to break into London’s $1.2 trillion private wealth market to help counter withdrawals at home.
01/14/2014
The world’s largest wealth manager increased assets at its British unit by 15 percent to 31 billion pounds in the nine months through September, he said.
01/14/2014
Davy Stockbrokers has acquired Northern Irish wealth management firm, Square Seven Financial Planning, which has 400 clients and £75m of assets under management for an undisclosed fee.
01/14/2014
HNW Investor Returns at a high, yet, confidence in Financial Service Providers at a Low – what’s the deal?
It’s more than just making money – it’s about: Trust, Transparency & Technology
01/14/2014
"Wealth provides many investors with the privilege of benefiting from institutional products and prices across asset managers, and it also grants them the ability to leverage their status among providers and advisors," states Donnie Ethier, asso
01/14/2014
Wells Fargo saw strong growth in its brokerage business during 2013, as rising markets and higher asset flows upped revenue and profits at the wealth management unit.
01/13/2014
Rathbones, Quilter Cheviot & Towry circle Jupiter wealth arm
A clutch of private-client investment firms, including Rathbones, Towry and Quilter, is believed to be looking over the business, estimated to be worth £50m.
01/13/2014
Wealthy avoid taxes by moving assets to no-tax states
The maneuvers are getting fresh scrutiny from officials in states including New York, which is losing an estimated $150 million a year through such tax avoidance.
01/13/2014
FIWA snaps up Centric to create wealth giant
The deal, announced yesterday, is understood to be worth about $130 million.
01/13/2014
Hongbaos given out to very rich clients by private banks
The finishing details of the hongbaos often reflect the hierarchy of the private banking relationships.