Managers of Wealth

World's Richest People Meet, Muse On How To Spread The Wealth

We have $30 trillion of assets under management in the room

Diverse agenda for STEP Guernsey conference

The annual event, which is open to members and non-members, is an opportunity for delegates to learn from well-regarded and very experienced industry speakers.

Jersey finance industry statistics Q1 2014

The latest figures for all sectors of Jersey’s finance industry show resilience, with the funds industry growing in size.

Brewin Dolphin profits surge in H1 but advisory arm sees £1bn outflow

Wealth manager Brewin Dolphin reported a surge in profits in the half year to March, although it saw a large outflow from its advisory business.

China growth elusive for foreign managers: forum

Despite the proliferation of foreign fund houses and rising domestic demand for diversification, competition and fuzzy regulation are seen to be holding back industry growth in China.

Close Brothers CDF Managed Fund range hits £100m milestone

CBAM’s investment proposition is differentiated because they embrace three complementary approaches: in-house direct management, open architecture and passive.

Schroders executive Massimo Tosato ends controversial contract after tax pressure

The report states that the contract ended “during 2013”

Friends Life to receive offers to buy Lombard business

Philadelphia Financial targets high net-worth families through a network of intermediaries, and it views Lombard as an attractive opportunity to expand that area of its business, Sky News said.

Scotiabank Profit Rises 14% on Canadian Banking, Wealth

Scotiabank also said it intends to repurchase up to 12 million shares, or about 1 percent of its shares outstanding, during the next year.

Bestinvest name to be dropped for B2B market

It has also been announced that Bestinvest’s current chief executive Peter Hall will lead the combined group, while Tilney Investment Management director Miles Robinson will head up Tilney for Intermediaries.

ABN AMRO Private Banking wins ‘Best Overall European Private Bank’ and ‘Best Domestic Clients Team’

We are quite unique in pursuing a multi-domestic, multi-brand strategy

Private banks seek to cash in on wealth management

Home grown private lenders lining up offers to woo their customers with priority and privilege banking options

Asian millionaires turn to independent wealth advisers

Six years after the crisis, a growing number of Asia’s millionaires are turning to independent wealth advisers, who offer professional advice for a fee much like doctors and lawyers do.

Aberdeen chief predicts long hot summer of revolt over top pay

Martin Gilbert has accused the pay committees at some leading companies of stubbornly failing to consult shareholders

Brewin Dolphin to tap ‘DIY savings’

The wealth manager, which declined to comment on plans for a new service, said in its year-end results for 2013 that “there is growing demand for a simplified, lower cost service.

Banks structured to deliver poor advice

Something odd occurred last week, something that almost never happens in business, let alone financial planning

Hedge funds in worst start to year since financial crisis

Lansdowne Partners, Odey Asset Management and Brevan Howard are among the stellar hedge funds to have had a poor start to the year

Wealth manager Brewin Dolphin poised to announce plans to launch a new online ‘DIY’ service for retail investors

The new plans are expected to be unveiled tomorrow when Brewin announces its interim results.

Standard Chartered to close Swiss private bank -media

The Asia-focused bank said in February it was looking to sell the Swiss private bank as part of a plan to shed several businesses as it sharpens its focus on Asia, Africa and the Middle East.

Cashflow ‘biggest threat to survival’- Close Brothers Business Barometer

It’s clear that access to working capital and maintaining a reliable cashflow are a concern for a large number of SMEs

Wealth and Asset Management