Managers of Wealth

Morgan Stanley's Wealth Management income drops

Wealth Management reported pre-tax income from continuing operations of $786 million compared with $855 million in the first quarter of last year.

Towry breaks multiple records in stellar 2015

The numbers will make interesting reading to Tilney Bestinvest, which announced a bumper £600 million deal to buy Towry earlier this month.

Blustery markets take the wind out of Charles Stanley

Charles Stanley also announced that its investment chief Andrew Scott is leaving the firm after 17 years.

Man Group Weathers First-Quarter Market Storm With Slight Dip In Assets

British hedge fund manager Man Group on Friday posted a slight drop in assets under management in the three months to the end of March, hit by the performance of GLG, its actively managed equity business.

Citi’s Profit Drops Less Than Expected; Revenue Down 11%

Despite 27% drop in its bottom line, bank still beats analysts’ estimates

Bank of America hit by weak trading, provisions for energy loans

The profit was in line with the market's low expectations after what was widely seen as the grimmest first-quarter for the banking industry since the financial crisis.

JPMorgan profit falls 8 percent

The company said profit at its investment bank fell 22 percent from the year before to $1.98 billion. Profit from its consumer bank rose 12 percent to $2.49 billion.

Luxury retailer LVMH sees revenues rise

LVMH will continue to focus its efforts on developing its brands, will maintain a strict control over costs and will target its investments on the quality, the excellence and the innovation of its products and their distribution.

Deutsche Bank Discloses Asset-Management Revenue After Overhaul

Deutsche Bank is seeking to tap a larger share of wealthy individuals and institutional investors as stricter capital rules

Chivas Brothers profits down 12% despite Glenlivet popularity

Bosses at Chivas, the Scotch whisky and premium gin arm of Paris-headquartered Pernod Ricard, blamed the slide on unfavourable currency exchange rates.

What's Hurting Tiffany & Co.?

The fine-jewelry seller is looking ahead at a few issues that will cut into its sales, but there's good reason not to think of it like most other retailers.

Raymond James Financial Reports February 2016 Operating Data

As of today, over 90 percent have committed to join us and form upon closing the new Alex. Brown division of Raymond James.

Julius Baer CEO made around 6 mln Sfr in 2015 - annual report

This was up from 5.73 million francs in 2014, Zurich-based Baer said in its 2015 annual report released on Monday.

LGT reports good results for 2015

H.S.H. Prince Max von und zu Liechtenstein, CEO LGT: “Our consistently high level of growth and very good results for 2015 are the result of our commitment to pursuing our long-term international growth strategy, and our constant efforts to enhance

Arbuthnot Banking up 4.5% as profits bulge

The division’s client deposit base, its primary source of funding, rose 53% to £897 million.

Brooks Macdonald reports 6% profits boost despite losses in funds arm

Wealth manager Brooks Macdonald reported rises in profits and FUM for the second half of 2015, despite incurring losses in its funds business.

Porsche Profit Rises 25% to Record as Macan SUV Lifts Sales

Operating profit increased to 3.4 billion euros ($3.78 billion), and revenue improved 25 percent to 21.5 billion euros, the Stuttgart, Germany-based sports-car maker said Friday in a statement.

Billionaire Safra’s Swiss Bank Says Full-Year Earnings Rose 12%

Safra Sarasin is hunting for acquisitions after integrating Morgan Stanley’s Swiss private banking business, which it bought it last year.

SEI Wealth Platform inflows rise 30%

Williams says: “We now have over 100,000 Isas on our platform and we anticipate another good Isa season in 2016.

Van Lanschot: Commission income growth improves quality of results

This conscious decision on our part does mean that we expect to achieve our 60-65% efficiency target by a later date than 2017 as originally envisaged.

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