Managers of Wealth

True Potential doubles profits as platform assets rise £1bn

Vertically-integrated wealth management group True Potential has reported a £1bn increase in assets on its platform in 2014

Schroders wealth management business generates significantly higher revenues and profit

Net revenue increased 42 per cent. to £213.5 million (2013: £150.0 million), including performance fees of £2.9 million (2013: £0.4 million) and a release of £6.1 million of loan loss provisions.

Standard Bank Gains Most in Six Years as African Units Grow

Standard Bank Group Ltd. gained the most in six years in Johannesburg after it reported profit boosted by expansion in Africa, lower bad debts and curbs on costs

Standard Chartered profits fall

"2014 performance was disappointing, impacted by a challenging market environment and by the significant programme of restructuring and repositioning actions taken during the year," he said.

GAM Holdings reports underlying net profit of CHF 177.2 million for 2014

Our strategy is focused on driving growth while ensuring we are strong and flexible enough to withstand the inevitable headwinds and surprises in today's market environment. We are confident in our ability to deliver successfully on our growth ambiti

Barclays Grows Profits But Shrinks Bonus Pool

The bank's annual results beat City expectations as its chief executive declares the business is back to its pre-crisis strength.

Scotiabank hikes dividend as profit inches higher

Net income of $1,726 million, up 1% from $1,709 million

Butterfield profit surges to nearly $100m

The results represented a fourth consecutive year of earnings growth for Butterfield.

Old Mutual platform profits jump 46% as Intrinsic advisers get onboard

Paul Fenney, chief executive of Old Mutual Wealth, said:"Increasingly I believe advisers and their clients will be looking to source [fund management, products and advice] in one place, via companies that can offer an integrated proposition efficient

CIBC Announces First Quarter 2015 Results

Reported return on common shareholders' equity (ROE) was 19.9% and adjusted ROE(1) was 20.6%.

St James's Place grows profits despite £6m FSCS bill

The result, on an EEV basis, was helped by a 17% increase in funds under management to £52bn, with some 52,000 new clients placing £7.8bn of investments last year.

St. James's Place annual results

Strong performance of the business, resulting in a 50% increase in final dividend

RBC Posts Record Profit on Canadian Banking, Raises Dividend

Royal Bank of Canada today reported record net income of $2,456 million for the first quarter ended January 31, 2015, up $364 million or 17% from the prior year, and up $123 million or 5% from the prior quarter.

Bank of Montreal reports smaller first-quarter profit

Net income of $1.0 billion, down 6%

HSBC blames 'challenging year' as profit falls 17%

HSBC has said 2014 was a "challenging year" after reporting a 17% drop in profit to $18.7bn (£12.2bn)

Nedbank posts 14% profit gain

Nedbank Group, the South African lender controlled by Old Mutual Plc, said full-year profit gained 14% after credit losses declined and customers repaid loans.

Dutch state bank ABN Amro reports return to Q4 profit, sees better 2015

ABN Amro, the nationalized Dutch bank, reported a return to profit in the fourth quarter and said the outlook for 2015 is good

Jupiter and Deutsche deals lift Rathbones' FUM past £27bn

Rathbones saw its funds under management boosted in 2014

Smith & Williamson interim profits jump 14%

Smith & Williamson posted record profits for the six months to 31 October last year, helped by the performance of its investment management division.

Rolls-Royce cuts profit forecast

Earnings after tax nosedived to £69 million in 2014, hit by the revaluation of currency hedging, from £1.367bn a year earlier.

Executive Travel