12/20/2013
Morgan Stanley, Bank of America Corp's Merrill Lynch and UBS AG's U.S. brokerage unit unveiled plans two weeks ago that reward asset gathering, encourage brokers to work in teams and toughened revenue targets for lower-tier advisers.
12/19/2013
Ashcourt Rowan targets £10bn in AUM in five years
Ashcourt Rowan is looking to grow its assets under management from £3.7bn to £10bn in the next three to five years following its deal to acquire adviser firm UK Wealth Management for up to £14.25m.
12/19/2013
UBS Sells Stock Benefits Manager to Montagu Private Equity
The sale of the unit, called Corporate Employee Financial Services International, is expected to close in 2014
12/19/2013
Why are Hedgies Pouncing on Wealth Managers?
The march of hedge funds up the shareholder registers of listed wealth managers has been relentless
12/19/2013
Jersey’s financial services credentials highlighted to senior UAE and Qatar professionals
Jersey’s role as a partner jurisdiction for wealth management, banking, corporate and funds work in the Middle East was highlighted to audiences of senior finance professionals at two key events in the Gulf region this month.
12/19/2013
Wealth management firm to run Investment Quorum discretionary funds
Six risk-rated discretionary portfolios to be outsourced to Ingenious Asset Management.
12/18/2013
Valartis Bank AG, Switzerland, decides not to participate in the US Tax Programme for Swiss Banks
Bank will decide at a later time whether to register for Category 3 or not to participate at all.
12/18/2013
House of Fraser has hired Rothschild to manage the process, and has been holding a beauty parade for advisers over recent weeks.
12/18/2013
After hiring 13 professionals in 2012, Aeschlimann raised his bet by hiring a further four in 2013, including Anu Narula, his new head of global equities, who arrived from Axa Framlington.
12/18/2013
Advisers' investment trust purchases on platforms up 66%
Purchases of investment trusts through platforms by advisers and wealth managers increased by 66 per cent over the first nine months of 2013
12/17/2013
Former Barclays chief executive and continent's youngest billionaire intend to use funds to acquire stakes or operations in African financial services companies
12/17/2013
Tired of your slow, stuffy private banker? The digital revolution is giving them a run for your money
12/17/2013
Old Mutual Wealth is in talks to buy adviser network Intrinsic, Money Marketing understands.
12/17/2013
In the five years since the collapse of Lehman Brothers led to the global economic crisis the number of expat bank accounts have shrunk, most notably in the UK.
12/16/2013
The offering, serviced through BNY Mellon's transfer agency group, has been designed to help asset managers understand the services they are receiving for the fees they pay to broker-dealers.
12/16/2013
The average bonus for managing directors, the level just below the board, is predicted to increase to £167,000 in 2013, up from £116,000 in 2012.
12/16/2013
Those surveyed say equities – led by emerging market equities, favoured by 27% of respondents – agriculture, and private equities are expected to be the best performing asset classes, while cash and government bonds are forecast to do least we
12/16/2013
Nine of its Luxembourg-based funds are now available to UK investors in sterling shares, including the top-performing Lombard Odier Technology fund and the $835m Lombard Odier Emerging Consumer fund.
12/16/2013
Global wealth management M&A activity quickens as valuations dip; in 2013 nearly USD0.76 trn in HNW assets changes hands through deals.
12/16/2013
Several Swiss regional banks said on Monday they would cooperate with U.S. officials to avoid prosecution in a crackdown on Swiss lenders suspected of helping wealthy Americans evade taxes through offshore accounts.