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Wealth and Asset Management

01/22/2013

HSBC’s Swiss Private Bank Sells Geneva Building for $116 Million

“Geneva is our stronghold in Switzerland.”

01/22/2013

Close Brothers AM set to move into the black

Revenue margin also improved.

01/21/2013

Quilter-Cheviot £12bn merger given green light

Fund manager merger to be completed after regulator agrees deal.

01/21/2013

Ongoing adviser fees averaging at 0.6%: FundsNetwork

Platform sees 10,000 clients set up on fee service since its launch in October.

01/21/2013

Swiss Banks Vie for Declared American Assets Amid Probe

UBS expects to report assets at its Securities and Exchange Commission-registered business rose 20 percent to $4.6 billion last year

01/21/2013

How do you impress someone who can afford almost anything?

Private banking's new play: schmoozing with a dynasty

01/20/2013

MS Wealth Management vaults past margin target

Unit ahead of schedule, records 17% pretax margin in Q4; 'let's not get too wound up'

01/20/2013

SSgA's AUM climbs 13% in 2012; ETFs up 38%

Also Friday, State Street announced it was cutting 630 jobs, or 2% of its workforce, this year “to capture further efficiencies and cost savings.”

01/20/2013

Malaysian sovereign wealth fund reports record gains, acquisition

It was said the increase reflected the success of the firm's investment strategy.

01/20/2013

L&T Finance in talks to buy Morgan Stanley's wealth business

Deal may be finalised in a month

01/20/2013

SNS Reaal in talks to sell private banking

SNS Reaal said in November it expected to announce restructuring measures.

01/17/2013

Chinese Millionaires Say Wealth Leads To Unhappiness

Chinese millionaires don’t sleep that much

01/17/2013

Old Mutual Wealth chief sets out distribution plans

Chief executive describes them as “strategic partnerships”.

01/17/2013

Raymond James’ Pay Grid Gets Long-Awaited Facelift

Introduced a new product-neutral pay grid as the firm looks to stay competitive with industry standards.

01/16/2013

Christopher Weil & Company Launches IMA Partner Professionals to Expand Expertise and Offerings

“We have always been committed to being more than just a typical wealth management firm.”

01/16/2013

Aberdeen Asset Management raises AuM and new business

Assets under management of £193.4 billion at 31 December 2012 were 3% higher than at 30 September 2012.

01/16/2013

Citi Falls Short on Earnings; Blames New Regulations

Fourth Quarter Results Included $1.3 Billion of Legal and Related Expenses

01/15/2013

Billions in bankers' bonuses could be delayed until April when top rate of tax is cut

City firms planning to defer bonus payments until after top 50p tax rate drops to 45p

01/15/2013

China sovereign wealth fund may cut US debt holdings

“From a long-term perspective, it is not a good investment target.”

01/15/2013

Bendigo Wealth ahead of targets

Bendigo Wealth Management is ahead of its three-year targets, as the company continues to look for expansion.

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