Managers of Wealth

Wealth managers fire warning shot over ‘super clean’ fund deals

The race to secure the best priced share classes intensified earlier this month when Standard Life became the first platform to secure super clean deals.

Focus Financial Partners Receives Strategic Equity Investment

The independent, RIA industry is a growing $3.2 trillion market that continues to attract fiduciary-minded wealth managers

Citigroup 42% Profit Rise Tops Estimates

Chief Executive Officer Michael Corbat, 53, has fired thousands of workers and scaled back operations in some countries to cut costs since replacing Vikram Pandit, 56, in October.

Angel Investors Are Spreading the Wealth

The world is changing for angel investors, the ultra-wealthy looking for start-up companies to fund

Millionaires Most Concerned about Security of Their Financial Information Online

As mobile technology and social media usage increases, so, too, do concerns about the security of financial information

7IM bags £80m model portfolio mandate

Towergate Financial awards 7IM with mandate for its passive model portfolio range after “concerns” about previous manager Evercore Pan-Asset’s performance.

Goldman Sachs, Morgan Stanley embrace private banking

Would an acquisition be out of the question?

Psigma IM buys AXA Framlington private client arm

Part of the Punter Southall Group, PIM has £1.5 billion of assets under management and sees this transaction as an important milestone in its continuing growth.

JP Morgan and Wells Fargo post big jump in profits

The US economy was showing "broad-based signs" of recovery, but consumers and small businesses remained cautious, he said.

Webster’s Wealth Management Business Posts Record Quarter

Over the past 15 months, the bank has ramped up its wealth management and private banking services.

Transformational change sweeps wealth managers as they reconfigure to win back client trust

Will women and millennials transform the wealth management industry?

Greater Integration, Greater Wealth Management Profits - RESEARCH

Private banking clients have an average balance of $348,000 in asset management accounts, according to the report.

China drives Asia's wealth management

HNW wealth in China's first-tier cities represents about 20 percent of China's HNW wealth

Berenberg to integrate art advisory services

The Bank wishes to increasingly offer art investments on an international scale and additionally focus on offering support in the management of art collections.

10 years’ success for OYSTER European Corporate Bonds Fund

The Swiss banking group SYZ & CO is celebrating with panache the 10th anniversary of OYSTER European Corporate Bonds, the sub-fund of its Luxembourg UCITS Sicav OYSTER, investing in European Corporate Bonds.

Walker Crips launches the UK’s first regulated bridging finance fund

T Bailey Fund Managers will act as the Authorised Corporate Director (ACD) and administrator and National Westminster Bank Plc will be the depository.

Smith & Williamson chooses Novia to unveil portfolios

The investment team is headed by James Burns and includes portfolio managers Peter Lowe, David Amphlett Lewis and Nick Marshall.

Swiss National Bank Opens Branch in Singapore

Swiss National Bank has opened a branch in Singapore, becoming the first non-Asian central bank with operations in the city-state as it seeks to better manage its portfolio of assets denominated in the region's currencies.

HSBC to retain private banking operations in Monaco

Following completion of this review and consideration of expressions of interest the decision has been made to retain the business.

Crédit Agricole Bids Adieu to Pricey Lunch

Anything above those spending limits will not be reimbursed or only exceptionally if the additional expenses can be duly justifie

Wealth and Asset Management