Managers of Wealth

Sesame Quadruples Losses as Keydata Fine Bites

Sesame, the adviser network arm of Sesame Bankhall group, has reported a loss for 2012 of £9.3m - four times its losses in 2011 - as a provision for a regulatory fine took its toll.

Canadian Imperial Profit Rises 5.8% on Wealth Management Gains

Canadian Imperial Bank of Commerce, the country’s fifth-largest lender by assets, said third-quarter profit rose 5.8 percent, lifted by its wealth-management unit.

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‘Clients are more engaged in how best to manage wealth’

John Price, executive director of Coutts in Liverpool, says the recession has prompted more people to seek wealth management advice

Kleinwort Benson Wealth Management makes first-half loss

Good momentum and growing marke t traction at Kleinwort Benson Wealth Management have not yet translated into profitability due to the continuation of the challenging market conditions seen in 2012, coupled with our ongoing investment into the business to

St. James's Place targets women in recruitment drive

Academy director Adrian Batchelor says there is “no justification” for the sector being so dominated by men.

Liechtenstein bank reports US tax deal hits profits

The bank maintained in July that the agreement would have no impact on its income statement

NAB continues Wealth Division Reshuffle

NAB's is reshuffling its wealth management division after revealing redundancies of key roles and has appointed a new general manager of Advice Partnerships.

Moore Stephens appoints GM of wealth management

He managed wealth teams at AXA and AMP for over 25 years and brings with him a wide knowledge in strategic business management in financial planning.

Asia’s Infinity Financial in major deal with UK star manager Bestinvest

Infinity says “a large percentage” of its existing clients have thus far switched some or all of their investible assets over to Bestinvest (BI), and “virtually all new clients are choosing it as their investment manager”.

Notenstein Emerges From Dark Shadow of Wegelin Bank

In Wake of Wegelin's Tax-Evasion-Related Demise, Switzerland's Notenstein Targets Socially Responsible Investing

Wealth-X Supports Turquoise Mountain With UHNW Prospecting As Part Of Its Giving Back Programme

Wealth-X will provide the non-profit organisation unrivalled access to the world's largest collection of curated research.

Mattioli Woods assets soar following acquisition spree

Overall the firm’s profits before tax increased by 10% to £5.5 million

Coutts hires HR head from Moscow-based firm

She joins Coutts from The Renaissance Group

LGT Group sustains high net asset inflows in the first half of 2013

LGT Group, the international private banking and asset management company, made good headway in its core operating businesses in the first half of 2013

Charles Stanley tops advised assets under management

The research, which covered 32 DFMs that offer outsourced services to financial advisers, found that more than £24bn is managed on this basis, with the average amount managed per client at £249,477

Valartis Group to Merge or Sell Swiss Private Bank

Swiss private banks have been looking to cut costs as they grapple with low interest rates and slack client activity which have eaten into profits

Old Mutual has big plans for its wealthy clients

We have sourced the capability in terms of the information technology required

Valartis Group closes the first half of 2013 with a slight profit

Valartis Group closed the first half of 2013 with a profit of CHF 0.1 million. In an on-going challenging market environment

How wealth managers are pitching their restricted status to the public

The new rules, which were introduced in January are full of intricacies, as firms seeking to describe themselves as independent have to advise on the full scope of retail investment products, which includes life assurance policies and pensions.

Wealth and Asset Management