Managers of Wealth

US bank in talks with the Chinese wealth management company to sell JV

The deal is expected to be finalised very soon

Close Brothers records a 4% rise in AuM in third quarter

There was a good result in Banking with the loan book now £5.1bn, up 10% year to date.

Buying a home in London’s most affluent areas is becoming unattainable for anyone without a billionaire’s bank balance

Home prices in the capital’s most desirable areas have jumped more than 60 percent since 2009

AXA Elevate assets hit £8bn

Elevate also halved prices for assets over £5 million, from 0.22% to 0.10%

Bank offers London property bond deal

Buying a home in London’s most affluent areas is becoming unattainable for anyone without a billionaire’s bank balance.

Individual Investors in Hong Kong, China Turn Cool on Shun Property

Activity in the property market is falling off

Secrecy’s out, so here’s what Swiss banks can still offer

If Swiss banks were to cast off their usual discretion and make a marketing pitch these days, it might start off something like this:

Competition for deals is rife, says Brown Shipley banking head

Brown Shipley incoming head of private banking Hugh Titcomb is keen to avoid this fate.

As tech millionaires multiply, wealth advisers struggle to connect

It's all part of an attempt to appeal to a new demographic of money

Investec Wealth & Investment profits surge

Pretax operating profit, before goodwill, acquired intangibles, non-operating items

Emaar Said to Hire Rothschild, HSBC for Mall Unit Share Sale

The company will seek to raise about $2 billion through the sale planned for September, according to the people.

Saga float will boost company’s wealth arm

A successful initial public offering by Saga, the company focusing on the over-50s market in the UK, will help to boost the company’s wealth management arm, Michael Hewson has predicted.

Brown Shipley's new banking head on his growth strategy

‘Acquisitions are certainly something we will consider here and we regard it as part of our growth strategy, but our growth strategy is not based on a requirement to make acquisitions,’ he says.

Toronto Star RBC Profit Rises 15% on Gains in Wealth Management, Trading

Royal Bank says its wealth management segment had record net income of $278 million, up $56 million

Two more advisers sign up to join Succession

Succession Advisory Services has acquired two further chartered financial advice firms

BlackRock seeks best practice for fund structures

The world’s largest asset manager is calling on regulators to set best practices for the way funds are structured globally and to review investor redemption rules in different markets.

Legal & General Offers Coutts Building for Sale at $285 Million

It’s the first time in 110 years that the property is being sold as a single asset

Chasing the rainbow: On tax, toothpaste and private bankers

Any taxation discussions are marked by delusional debates

New Advisor Models Threaten Legacy Managers

As the number of advisors who rely on legacy managers diminishes, some fund families will have to evolve if they want to stay relevant

Moving Can Cost You

Advisors who frequently move to new firms can expect to make less

Wealth and Asset Management