04/28/2017
AUM up almost 15% at Coutts and Adam & Company
An operating profit of £33 million, £23 million, or 43%, higher than Q116. This increase is principally down to lower operating expenses
Wealth and Asset Management
04/28/2017
Old Mutual Unit assets grow 6%
Old Mutual Wealth Gross, Net Flows and Fum update Q1 2017
04/28/2017
Barclays Wealth increases income
Barclays said the group performance reflected strong core results
04/28/2017
EFG International sees 3.5 bln Sfr asset outflow in Q1
During the first quarter of 2017, EFG International made significant further progress in integrating the acquired business from BSI
04/28/2017
Succession acquires two advice firms in £4m deal
Succession group corporate director Paul Morrish says the business is planning further “substantial growth” in 2017.
04/27/2017
ANZ picky about $4bn wealth management sale
But it is interesting to note that listed IOOF was also said to fall short of ANZ’s criteria.
04/27/2017
Schroders says first quarter assets up 5 percent to 416.3 billion pounds
Schroders said it would no longer issue full results in its first and third quarters.
04/27/2017
Client AUM reaches record high at Raymond James
Earnings during the quarter were negatively impacted by the previously announced legal settlement, acquisition-related expenses, and the acceleration of unamortized expenses due to the extinguishment of senior notes.
04/27/2017
Continued Strong Growth For Nedbank Private Wealth
Growth in profit after tax was up 52% on the prior year in its wealth division, although this was distorted by a one-off extraordinary item in 2016.
04/27/2017
Northern Trust wins GB£6.7 Billion Mandate from Northern Ireland Local Government Officers’ Superannuation Committee
“Combined with its ability to provide high-quality tailored solutions that meet our specific requirements, this was a key factor in their appointment.”
04/27/2017
African Banking Firm Atlas Mara Swings To First Quarter Profit
We expect to deliver a significant improvement in earnings in 2017
04/27/2017
Duncan Lawrie made annual loss of £7.5m before it was split and sold by Maidstone-based Camellia
At the same time it was revealed the majority of its UK loans and some of its loans from its Isle of Man operations were sold to private bank Arbuthnot Latham & Co for £42.7 million.
04/27/2017
7IM launches bespoke IFA service
The firm has also added more asset classes to its model portfolio service
04/27/2017
Bank founder leaves charitable legacy
Foundation gives donations to over 300 organizations
04/27/2017
Qatari royals said to mull sale of Luxembourg private bank
Sources say Precision Capital, the investment vehicle of Qatar royal family members, is considering sale of stake
04/27/2017
Desjardins ‘Open for Business’ on Deals Beyond Quebec, CEO Says
CEO targets deals up to $2.2 billion to push beyond Quebec
04/27/2017
J. Safra Sarasin Ousts Clients in Germany
Assets Will Be Sold at Customers' Expense
04/27/2017
Ex-Towry five reunite for potential wealth launch
The four were promoted together from senior client partner to executive partner roles at Towry in July 2014. Meanwhile, Bowes became head of client advice in April 2013.
04/27/2017
Swiss National Bank posts 7.9 bln Swiss franc Q1 profit
The bank also made a profit of 2.2 billion francs from a valuation gain on the gold it holds
04/26/2017
UBS launches how-to guide for family offices
This reluctance is often not due to a lack of interest or aptitude, but rather an inability to identify ways to participate that suit their personal interests and life trajectories.