Managers of Wealth

Old Mutual coup hits Absa Wealth

ABSA Wealth, reeling after the recent coup in which Old Mutual poached its asset management team, is still struggling to plug the gap.

The Wealth Management Hunger Games

But how does this stack up against some of its “Big 5” competition?

China’s Wealth Management Products Lure Investors With Higher Yields

Legally they are not deposits

Deutsche Asset & Wealth posts 8% Q4 revenue jump

Its parent Deutsche Bank had a tough quarter, recording a net loss of €965 million for the last three months of the year as a slowdown in fixed income trading took its toll on earnings.

Barclays scraps private banking for sub-£500k clients

The standard cost to transfer an account from Barclays Wealth is £20 for each fund or stock held and £50 if moved offshore.

UK wealth manager appoints industry vet as new head of private banking

He is a highly experienced business leader within banking, wealth management and investment management sectors. He has held a number of senior executive roles including Vice Chairman & Group CEO at Sanlam Private Investments UK, Group CEO of the Ansba

Charities specialist leaves Standard Life Wealth

Just weeks after Standard Life Wealth was brought under the wing of the Standard Life Investments division, it is losing one of its key players.

Brooks Macdonald AM strikes exclusive deal with adviser firm

Prosperity Independent Financial Advisers and Stockbrokers has joined forces with investment specialist

Swiss Investment bank to outsource fixed income trading platform

The Swiss bank will begin outsourcing its fixed income trading platform to two technology groups in an attempt to save costs

SA super-rich rise by 14% over 6 years

The number of South Africans with more than $30 million in net assets climbed 14 percent in the past six years following equity and commodity price gains

Swiss bank Forms Property Venture With Miami Firms

Swiss bank said it has formed a real estate venture with three Miami companies as the U.S. housing market recovers.

Morgan Stanley’s Staid Wealth Management Boost Earnings

Its pre-tax profits in wealth management increased by 26% from last year.

A year on from the RDR, advisers are feeling positive about the future

A year on from the introduction of the Retail Distribution Review, two thirds of advisers are optimistic about their prospects over the next 12 months, with only 10% expecting things to decline.

ABN Amro CEO in drag entertains staff as brothel-owning sister

Rather than the usual speech about market conditions, ‘Priscilla Zalm’ outlined how she advised her brother to lead the bank

Trusts are new tool in Czech Republic wealth managers' toolbox

Since the beginning of January‚ wealth managers in the Czech Republic have been able to make use of trusts for the first time‚ following extensive changes to the country’s civil laws.

AFH Financial acquires wealth manager for £200k

AFH Financial Group plc is pleased to announce the acquisition of the assets of SR Wealth Management Limited

Aberdeen Asset Management Hit By GBP4.4 Billion Net Outflow

Aberdeen Asset Management PLC Thursday said its clients withdrew GBP4.4 billion in the first-quarter, as investors turned against Asian and emerging markets.

Arbuthnot's private bank drives 10% Q4 growth

Arbuthnot Latham has reported strong growth in its assets under management for the fourth quarter

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”.

Bonham Carter breaks through £30bn barrier in final year

Jupiter Fund Management hiked assets under management to £31.7 billion last year, surpassing £30 billion for the first time.

Wealth and Asset Management