08/01/2016
Smaller wealth management firms at risk as M&A deals reach eight-year high
There were 124 M&A deals between wealth management firms in 2015, a fresh high during the eight years of tracking by Scorpio Partnership.
Wealth and Asset Management
08/01/2016
UBS America's Wealth Unit Profits Up 18%
The company attributes the increase in profit at Wealth Management Americas’ division to lower operating expenses and record net interest.
08/01/2016
Ex-Investec W&I multi-asset duo launch boutique
Laurence Boyle says the firm will run the same proposition as he did at Investec
08/01/2016
Wealthy investors reducing UK exposure post Brexit
Most high net worth individuals are looking to reduce their exposure to UK-based assets in the wake of the country’s vote to leave the European Union, according to deVere Group.
08/01/2016
Tilney Bestinvest completes Towry acquisition
It was previously revealed that following the completion of the transaction, Towry chief executive Rob Devey would leave the business.
08/01/2016
Compliance pay boom: how wealth managers are coping
The boom in compliance remuneration took hold after the financial crisis and now looks likely to accelerate following the Brexit vote.
08/01/2016
Credit Suisse Sets Its Sights On The Super-Rich
The new group will go after business owners with a lot of money and entrepreneurs in the oil and gas, biotechnology and telecommunications industries.
07/29/2016
Barclays profits fall 21% amid restructuring
High street bank sees PPI bill rise and non-core division makes a loss of £1.9bn
07/29/2016
Wealth managers missing out on social media
Indeed, many of the larger players that use social media do so under their general brands rather than via the wealth management division, which can limit the impact and reach of their social media activities in targeting wealth management clients,
07/29/2016
UBS Scraps Near-Term Targets as Second-Quarter Profit Declines
Some of Europe’s largest banks have been hurt by volatile markets and record-low interest rates, with Deutsche Bank AG, Barclays Plc and Credit Suisse Group AG all reporting a drop in second-quarter earnings this week.
07/29/2016
Bellevue reports H1 group net profit of CHF 2.8 mln
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07/29/2016
Signature Bank Launches Signature Chicago Wealth Management
Signature Chicago Wealth Management leverages the unique customer service that Signature Bank is known for
07/29/2016
How rich is rich enough to get the attention of big US brokerages?
Industry sources say that figure was closer to $250,000 before the financial crisis.
07/29/2016
Banks must boost efficiency by sharing more costs, says UBS
Swiss lender comfortably beats earnings expectations for second quarter
07/29/2016
St James’s Place boss hits back at charging criticism
He pointed specifically to the “charging differential” between an SJP pension and an open-market pension.
07/29/2016
The oldest bank on earth just agreed a rescue deal backed by JP Morgan, Goldman Sachs and Deutsche Bank
The rescue offer is being led by JP Morgan and Italian lender Mediobanca
07/28/2016
Funds under Management top £65BN at St James's place
Underlying profit before shareholder tax also grew to £73.8m from £72.9m the year before.
07/28/2016
OCBC Profit Slips but Wealth Grows
What influence has the acquisition of Barclays Wealth Asian units had?
07/28/2016
Credit Suisse Profit Surprises but Fails to Sway Investors
Swiss bank’s results follow two successive quarterly losses
07/27/2016
Big Swiss Banks Feel Pain of Negative Rates
UBS, Credit Suisse, expected to post downbeat quarterly earnings later this week amid turbulent markets and a new kind of squeeze