Managers of Wealth

EFG launches Swiss equity fund under award-winning Urs Beck

EFG Asset Management has launched a Swiss-focused equity vehicle

Platform Focus: Skandia

The feedback we heard from advisers was positive from those looking for an “all-in-one” solution – an investment onesie if you will.

Brooks Macdonald sees assets climb 4.2% in Q1

The wealth manager had £5.92bn of discretionary funds under management at the end of March, compared to £5.68bn at the end of 2013. New business accounted for £215m of the increase, while performance added a further £30m.

Aberdeen co-founder takes wealth firm public to fund acquisitions

Based on the Theoretical Post Consolidation Price, the Acquisition values EWMG at approximately GBP13.45 million with the value of the Total Consideration being approximately GBP7.1 million.

City aristocracy watch: Citi/Schroders

They ghost from one non-executive role to the next, these great whales of the Square Mile, leaving in their wake echoes of a bygone age of bowler hats and three-bottle lunches.

Neuberger Berman launches emerging market debt ‘blend’ fund

Neuberger Berman is to launch a new fund that will invest in both hard and local currency emerging market bonds, Wealth Manager can reveal.

Natixis launches short-dated high yield fund

The fund offers retail and institutional share classes denominated in US dollars and euros

Morgan Stanley profit soars on wealth management

Wealth management revenue rose 4 percent to $3.62 billion and the division's earnings were up 65 percent to $423 million.

The Bahrain Banker Interview: Jonty Crosse, Julius Baer - putting relationships first

Jonty Crosse is Managing Director - Senior Advisor at the Bahrain office of Zurich-headquartered Julius Baer.

Credit Suisse reports Improved profitability in Private Banking & Wealth Management:

Improved Wealth Management Clients net margin to 29 basis points from 23 basis points in 4Q13

Wealth Management Up, But BofA Posts Net Loss on $6B in Legal Fees

Bank of America’s wealth management unit reported a modest increase in profits and a surge in advisor productivity, but the bank suffered a net loss for the quarter as litigation expenses related to the financial crisis rose to $6 billion.

The winner of the 2014 Wealth Management Madness is....

After he took over he did two things that turned the ship

Five reasons why buying wealth firms may be too consensual

Wright highlighted the potential boost from ‘internal change as a new management team focus

SYZ & CO Group: Strong increase in 2013 earnings

The good investment results recorded in 2013, both for mandates and for investment funds, allow the Group to envisage a continued inflow of funds in 2014.

Sallie Krawcheck's Advice For New Grads on Conquering the Gender Pay Gap

She says that women should ask for more raises and take advantage of professional connections, even as she acknowledges that women are losing ground in financial services and other fields.

EDRAM launches European multi-asset income fund

The equity allocation will make up anywhere between 0% and 50% of the fund, which will be drawn EuroStoxx 600

Global players set to enter advice market

With the wealth management market growing at a “lightning pace”, a number of global asset managers are looking to establish distribution arms in Australia, says Chase Corporate Advisory.

Investors planning to raise European fund exposures, says ML Capital

ML Capital Asset Management is reporting high levels of demand for both European and US long/short equity funds this quarter, with a healthy swing towards UK equity strategies.

Switzerland’s largest private bank fears Swiss immigration move

Switzerland’s largest private bank has denounced the recent Swiss referendum on restricting the number of immigrants from the EU.

Sasfin Bank on the prowl for wealthy individuals to boost profile

It will offer clients a transactional account that they can manage via online banking, debit card and mobile banking. The transactional offering is likely to serve as defensive mechanism for Sasfin.

Wealth and Asset Management