12/23/2013
Around 40 of Switzerland’s some 300 banks have already said publicly they will take part in a US programme set up to allow Swiss financial institutions to avoid US prosecution in exchange for coming clean and possibly paying steep fines.
12/20/2013
Private banks urged to protect gatekeeper role
Contact between product selectors and relationship managers in a client setting may be inappropriate, says LGT.
12/20/2013
Aberdeen Asset deputy in £5.4m shares payout
Aberdeen Asset Management's veteran deputy chief executive Andrew Laing has enjoyed a £5.4 million payday as he became the latest senior figure at the acquisitive fund manager to cash in stock.
12/20/2013
Kleinwort Benson Announces Update on Regulatory Process for Proposed Acquisition of BHF-BANK
This information has already been provided.
12/20/2013
Brooks Macdonald Group Acquisition
Option Agreement to Acquire Levitas Investment Management Services
12/20/2013
The news follows an announcement by Ashcourt that it had entered into an agreement to buy UKWM, a north west England-focused discretionary and pensions management group, for £14.25 million. It ensnare
12/20/2013
Islamic wealth management is still new in Malaysia and needs to be developed further
12/20/2013
Seventy-seven percent of male investors are familiar with the term "wealth management'' while only 63 percent of females are familiar with it.
12/20/2013
The firm said: “Having been approached and concluded that the holding was not strategic in nature, the group accepted the offer made for its shareholding in Deverill Black.”
12/20/2013
The scheme requires Swiss banks to hand out some previously hidden information and face penalties of up to 50 percent of assets they managed on behalf of U.S. clients.
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