05/06/2014
Guernsey named best international financial services centre
The annual Wealth Adviser Awards recognise excellence among wealth managers and service providers including trust companies, law and accounting firms and international finance centres.
05/06/2014
Swiss wealth-management experts unveil new Multi-Asset Fund
"For 30 years, bonds have served as a stable anchor in investor portfolios," says Felix Zulauf, co-chief investment officer. "These times are long gone."
05/06/2014
Orchard Street acquires prime office building in Soho
Orchard Street Investment Management has completed on the acquisition of 33 Golden Square, Soho, W1 on behalf of St James’s Place Wealth Management, from a client of BNP Paribas for £23.5 million.
05/06/2014
New adventure in Dubai
The SMP Partners Group has expanded its global network with the opening of a new representative office in Dubai.
05/05/2014
Foreign banks exiting wealth management biz in India
Foreign banks are exiting the wealth management business in India as they find the market too small and unprofitable in the long run given the stiff regulations.
05/05/2014
Penzance-based wealth manager looking to expand
A COMPANY offering bespoke independent financial advice is entering its sixth year of trading and is looking to expand. Penzance-based Elite Wealth Management UK Ltd was founded in 2009 by managing director Alan Powell, who has recently taken on a fifth
05/05/2014
Suisse execs clashed
Disagreement at senior levels
05/05/2014
Investment firms boosting profits at expense of customers who die
Hargreaves Lansdown among firms charging heavy fees for probate valuations
05/05/2014
Tax-Free Bonuses Disappoint as Middle East Bankers Plan Job Hunt
Banking and finance professionals in the Middle East plan to seek new jobs this year after bonuses failed to meet expectations, according to eFinancialCareers.
05/05/2014
Melville Straus, Money Manager With Passion for Arts, Dies at 75
He was chairman of the American Ballet Theatre from 1982 to 1990, treasurer-secretary of Independent Curators International and served as a member of the Contemporary Arts Council of the Museum of Modern Art.
05/05/2014
Leading ME bank Launches Global Wealth Management Service In Singapore
One of the leading banks in the UAE is expanding its Consumer Banking Group services globally, and has announced that it is now offering its Global Wealth Management Service in Singapore.
05/05/2014
Ermotti Risks Missing UBS Profit Target as Cost-Cutting Slows
Failing to reach the 2016 goal would be a blow to Ermotti, 53, who delayed the objective by a year
05/02/2014
Whether or not to take the plunge into equities ahead of the election results is the dichotomy facing private wealth managers.
05/02/2014
BMO/F&C Acquisition Update
BMO Europe has confirmed to F&C that it is still awaiting approval of the Acquisition from certain regulators
05/02/2014
RBS doubles operating profit to £1.5bn in Q1
Royal Bank of Scotland today said its first-quarter operating profits have doubled and the group remains on track to deliver £1 billion of cost savings for the full year.
05/02/2014
Schroders CEO Says Firm Open to More Acquisitions
The company today reported a 90 percent jump in first-quarter revenue for its wealth-management unit, boosted by its takeover of Cazenove Capital Holdings Ltd., which was completed in July.
05/02/2014
Schroders shareholders OK executive compensation despite pension fund opposition
Firm also reports 1.9% increase in AUM for quarter
05/02/2014
True Potential adds exclusive Goldman Sachs Asset Management income strategy fund to its Wealth Platform
True Potential Investments has added a new Goldman Sachs Asset Management income strategy fund to its Wealth Platform on an exclusive distribution deal.
05/02/2014
The higher the net worth of the clients served, the more critical specialization is. BofA's U.S. Trust unit, for example, requires private bankers to "choose a major" to help attract ultra high net worth clients.
05/02/2014
US-based wealth management giant closes financial planning division in India
The spokesperson clarified that only the financial planning arm of the company was being shut down