Managers of Wealth

Britain's richest 5% gained most from quantitative easing – Bank of England

Bank report to MPs reveals wealthiest boosted by QE and low base rate, but insists policy spared UK from even deeper slump

Baring's gold hoard larger than that of several countries

A number of fund managers have begun establishing positions in the precious metal lately, as signs mount that the global economy is facing a troubled second half of 2012.

Credit Suisse to Host Philanthropy Campus

t Credit Suisse, we understand that the most lasting changes often begin with the actions of a single individual or a family, which is why we constantly work with our partners to develop new ways to help our clients achieve their philanthropic goals

Germans raid Julius Baer clients in tax crackdown

German tax inspectors have raided clients of Swiss bank Julius Baer, the latest development in a dispute over untaxed money held in secret Swiss accounts, a German magazine reported.

Where will your next high net worth clients come from?

There can be no doubt that the Retail Distribution Review (RDR) should be seen as a terrific enhancement to the provision of financial advice.

Old wealth reborn in new Indonesia

Wealth-X, a global intelligence and wealth due diligence firm, estimated in its latest Indonesia country report that 775 individuals in Indonesia are worth more than US$30 million, a statistic that underscores the country's still yawning wealth gap.

Dubai voted 13th most important city in the world

City expected to strengthen its position in the next 10 years

Banque Privée Edmond de Rothschild Group continues to attract new clients

Client assets totalled CHF 96.2 billion at 30 June 2012, up 5.2% on the end-2011 level of CHF 91.4 billion. The increase is due to net deposits by private clients as well as to the effect of exchange rates and asset values.

Six Group on acquisition hunt

The operator of Switzerland's national stock exchange is eyeing "strategic investments" with the proceeds from its sale of a stake in derivatives market Eurex, in a bid to execute on its well-publicised strategy of "internationalisatio

Raymond James assets under management up in July

The Private Client Group continues to perform reasonably well.

Wealth management a tough play for big banks

These days wealth management contributes less than 8 per cent of CBA's group earnings, less than half its relative contribution before the global financial crisis.

Rich Less Likely To Donate To Charity Than Middle Class

Comparatively, the middle class, who earned between $50,000-$75,000 annually, gave out average of 7.6 percent of their income to charity that year.

Barclays expands Singapore private banking team

Barclays today announced that it has set up an Independent Asset Managers team in Singapore, as it continues to capitalise on market opportunities in Asia, and further grow its private banking business in the region.

Redbourne strikes upon novel novations after network switch

Bromsgrove-based Redbourne Wealth Management has found a charitable solution to the issue of transferring clients after switching networks.

Succession in management reshuffle following £12.5m acquisitions

Succession Group has undertaken a management reshuffle following the £12.5m acquisition of its first five IFA firms.

Record Profit Nets Jiang $308,000 Versus Dimon’s $23 Million Pay

New York-based JPMorgan last month reported a 9 percent decline to $4.96 billion following its trading loss in London.

UBS Seeing Moat Of Secrecy Run Dry Vows Results To Lure Wealthy

“There used to be this moat that created a great business model for Swiss banks -- it’s gone,” said Friedman, who was hired into the newly-created CIO position by former UBS Chief Executive Officer Oswald Gruebel in March 2011.

DFMs gain as affluent clients move away from private banks

Bespoke DFM firms are winning business from private banks as high-net-worth clients feel they are being squeezed out in favour of wealthier clients.

UBS Starts Unit Providing Services For Quantitative Hedge Funds

The business targets startups and established funds with long-short or hedged strategies and those focused on arbitrage.

Julius Baer To Reduce Rights Offer To 500 Mln Francs

Bank of America has been selling non-core business units and cutting thousands of jobs as part of its efforts to reduce costs and bolster capital.

Wealth and Asset Management