Managers of Wealth

New adventure in Dubai

The SMP Partners Group has expanded its global network with the opening of a new representative office in Dubai.

Foreign banks exiting wealth management biz in India

Foreign banks are exiting the wealth management business in India as they find the market too small and unprofitable in the long run given the stiff regulations.

Penzance-based wealth manager looking to expand

A COMPANY offering bespoke independent financial advice is entering its sixth year of trading and is looking to expand. Penzance-based Elite Wealth Management UK Ltd was founded in 2009 by managing director Alan Powell, who has recently taken on a fifth

Suisse execs clashed

Disagreement at senior levels

Investment firms boosting profits at expense of customers who die

Hargreaves Lansdown among firms charging heavy fees for probate valuations

Tax-Free Bonuses Disappoint as Middle East Bankers Plan Job Hunt

Banking and finance professionals in the Middle East plan to seek new jobs this year after bonuses failed to meet expectations, according to eFinancialCareers.

Melville Straus, Money Manager With Passion for Arts, Dies at 75

He was chairman of the American Ballet Theatre from 1982 to 1990, treasurer-secretary of Independent Curators International and served as a member of the Contemporary Arts Council of the Museum of Modern Art.

Leading ME bank Launches Global Wealth Management Service In Singapore

One of the leading banks in the UAE is expanding its Consumer Banking Group services globally, and has announced that it is now offering its Global Wealth Management Service in Singapore.

Ermotti Risks Missing UBS Profit Target as Cost-Cutting Slows

Failing to reach the 2016 goal would be a blow to Ermotti, 53, who delayed the objective by a year

India: Private wealth managers a divided lot on election play

Whether or not to take the plunge into equities ahead of the election results is the dichotomy facing private wealth managers.

BMO/F&C Acquisition Update

BMO Europe has confirmed to F&C that it is still awaiting approval of the Acquisition from certain regulators

RBS doubles operating profit to £1.5bn in Q1

Royal Bank of Scotland today said its first-quarter operating profits have doubled and the group remains on track to deliver £1 billion of cost savings for the full year.

Schroders CEO Says Firm Open to More Acquisitions

The company today reported a 90 percent jump in first-quarter revenue for its wealth-management unit, boosted by its takeover of Cazenove Capital Holdings Ltd., which was completed in July.

Schroders shareholders OK executive compensation despite pension fund opposition

Firm also reports 1.9% increase in AUM for quarter

True Potential adds exclusive Goldman Sachs Asset Management income strategy fund to its Wealth Platform

True Potential Investments has added a new Goldman Sachs Asset Management income strategy fund to its Wealth Platform on an exclusive distribution deal.

YOUR PRACTICE - Why financial advisers should choose a niche

The higher the net worth of the clients served, the more critical specialization is. BofA's U.S. Trust unit, for example, requires private bankers to "choose a major" to help attract ultra high net worth clients.

US-based wealth management giant closes financial planning division in India

The spokesperson clarified that only the financial planning arm of the company was being shut down

UBS Wealth Management Americas Introduces Innovative Educational Portal for Equity Compensation Plan Participants

UBS draws on its 150-year heritage to serve private, institutional and corporate clients worldwide

ANZ wealth division profits up 11%

ANZ Smart Choice Super now has over 270,000 customers

Schroders wealth revenues jump 90% through Cazenove buy

Net inflows £3.8 billion

Wealth and Asset Management