Managers of Wealth

Brooks Macdonald to launch York office

The exact location of the office is yet to be finalised, although it is understood that the office will open later this year..

Morgan Stanley Team Goes Hybrid via LPL‎

A team of Morgan Stanley Smith Barney advisers that generated $2 million of revenue last year has started an independent investment advisory firm

Switzerland offshore tax deal criticised by MP

A tax deal with Switzerland aimed at preventing high-earning expats and big businesses using the country's secretive banking system to avoid paying UK rates has been criticised by MPs

New Cities Ranking Reveals Asian Cities Are World’s Strongest Economically

Released today, the report, entitled Hot Spots, ranks the most competitive cities in the world for their demonstrated ability to attract capital, business, talent and tourists.

Close Brothers profits up despite securities headache ‎

The firm reported pre-tax profits of £66.8m in the six months to the end of January, up from £58.3m the year before.

Global battle rages for LatAm wealth market clients

Wealth management in Latin America is experiencing turf wars on an international scale between asset managers, private banks and family offices hoping to win over the rising number of affluent clients.

FSA warns of poor conduct in private banking and wealth management

In its Retail Risk Conduct Outlook, published today, the regulator highlighted private banking and wealth management as an “emerging risk”, warning that poor conduct could lead to “widespread detriment”.

Edelman Financial Group Reports Fourth Quarter Earnings

The Edelman Financial Group is a wealth management company that manages approximately $16.3 billion in client assets.

Wealth advisory fees under scrutiny in Asia

Gaining enough shelf space with such banks has proven a key constraint for a fund manager looking to expand its retail presence across Asia.

Women can save Wall St.

The bank collapsed in 2008, sending the economy spiralling.

Webster Bank aims at millionaire depositors

Individuals, businesses, and nonprofits with net worth of $1 million or more are eligible to enroll in Webster Private Bank, Webster said Thursday. The bank did not say what it will charge them.

Societe Generale launches new services aimed at UHNW's

Societe Generale is launching a new integrated service offering, Private Investment Banking, aimed at ultra high net worth entrepreneurs who have a holding company or a family office.

Merrill Lynch seeks UBS banker to boost badly hit broking arm

Bank of America Merrill Lynch is in talks with a leading banker at UBS as it seeks a senior figure to salvage its badly hit corporate broking arm.

Barclays Wealth's latest deal targets 21% return

Barclays Wealth has confirmed the launch the Target Growth plan, a new three-year term structured deposit targeting a maximum 21 per cent return.

Leading US private bank and wealth management company opens new trust company

Prior to joining First Republic, he worked at Goldman Sachs Trust Company and Neuberger Berman Trust Company.

Speculation mounts over future for Clariden Leu ILS team

The In$ide Paradeplatz story suggested Clariden Leu was asking SFr20-40mn for the business, which manages more than $2bn assets under the leadership of Michael Stahel.

MVB Bank launches wealth management solutions unit

This new service is an outgrowth of MVB Bank's expanding community banking client base and demand for wealth management and investment advisory consulting in the West Virginia market.

Arbuthnot’s Gilliat hedges counterparty risk for wealthy clients

Gilliat places the deposits across five banks to reduce the risk posed by one going bankrupt, the London-based firm said in a March 5 statement.

Boris warns Coalition on London wealth tax

Business Secretary Vince Cable yesterday went public on Coalition talks on ditching the 50p top rate of tax and replacing it with new wealth levies.

4% of world's billionaires in India

Mr Slim retained his title as the world’s richest man for the third year in a row. In the second spot is Microsoft founder Gates with a $ 61 billion networth followed by American investment giant and philanthropist Buffet whose networth is $44 billi

Wealth and Asset Management