Managers of Wealth

Saltus cuts AMC on multi-asset range

The change has come into effect immediately and follows a rush of investment managers moving to streamline their retail and institutional share classes in time for the retail distribution review.

Billionaires Gave Less To Charity In 2012

While billionaires may have eased up on their giving in 2012, it looks like they’ll be digging a little deeper into their pockets in the coming year.

Failed wealth fund raises mainland alarm over banks

Collapse of product sold by Huaxia Bank branch exposes lax management and supervision of outlets on the mainland.

Credit Suisse plans new asset-backed bonus scheme

Full details to be announced internally later in January

Private Wealth: U.S. Up, Asia Down

The report’s authors blame the set-back on poor equity performance, particularly in Japan, China and India.

Private Wealth: U.S. Up, Asia Down

The report’s authors blame the set-back on poor equity performance, particularly in Japan, China and India.

Largest IFA firms emerge restricted in post-RDR dawn

Move to restricted among larger firms contrasts sharply with survey figures for wider IFA sector.

East west chasm over who generates London's wealth

“It’s a stark reminder that financial services are one of the only globally competitive businesses that the UK has.”

Hiring Priorities at Financial Firms Favor Wealth Managers

Recruitment trends on Wall Street reflect a new emphasis on compliance and wealth management ...

AXA Wealth: Ready for RDR across entire proposition

Its final milestone was reached on December 31, when its specialist Family Suntrust family SIPP went live as an RDR-ready retirement solution

Oldest private Swiss bank to close after guilty plea

The plea, in U.S. District Court in Manhattan, marks the death knell for one of Switzerland's most storied banks, whose original European clients pre-date the American Revolution.

The rich got richer again, according to billionaire index

Last year was a great one for the world’s billionaires

OCM Wealth Management launches DFM platform

Platform Plus is part of OCM Wealth Management’s IFA brand ‘Daedalus’

London & Capital achieves 33% AUM growth in 2012

Growth for the 26 year old firm has been achieved through a 66% increase in AUM from US clients domiciled in the UK

RBC leads Canada’s banks as takeovers hit 5-year high

Royal Bank’s RBC Capital Markets unit worked on 102 acquisitions valued at $69.6 billion in 2012

Evercore completes acquisition San Francisco-based wealth management firm

Terms of the deal, first announced in early November, were not released.

How Fleming Family's wealth arm will help it defy industry's woes

The firm has had a busy year, undergoing two acquisitions, key hires and a programme of change, and as it previously lamented, 2012 turned out to be a 'difficult' year as markets remained volatile.

FSA approves Succession platform

The money will be invested on a platform

IFA buys book of 1,000 Kleinwort clients in RDR clear-out

Advice firm moves to strike deals with private banks for clients they can no longer serve under new rules.

Succession gains FSA approval for vertically integrated status

Vertically integrated firms act as both a provider and distributor.

Wealth and Asset Management