03/13/2013
Private bank doubles staff to tap into China's vast wealth
Last year this figure was 96, highlighting how fast wealth is being created in the Middle Kingdom. In addition, China has more than one million millionaires.
Wealth and Asset Management
03/12/2013
FSA's Wheatley Says Concerned by Wealth-Management Review
Wheatley, who will lead the FCA, said he will set up a wealth-management supervision department to increase oversight.
03/12/2013
French asset manager looks to Hong Kong and Asia
The French fund house, which aims mainly to sell its wealth management products, opened its office in Hong Kong in early November last year.
03/12/2013
Brooks Macdonald adjusted pre-tax profits up 30%
Revenues rose by 23% to £31.46m and the interim dividend of 6.5p per share is 8% up on last time.
03/12/2013
UBS CEO says no plans to sell U.S. wealth management arm
There has periodically been speculation that UBS might sell the U.S. wealth management business as its broker-based model is different from UBS's larger private bank.
03/12/2013
Feeney appointed to Old Mutual executive committee
Feeney will join the Old Mutual group executive committee from 1 April alongside Ralph Mupita who is chief executive of Old Mutual Emerging Markets and Carlton Hood, group customer director.
03/12/2013
Global Private Banking and Wealth Management Professionals to Convene in Miami Forum in 2013
"The Path Towards Business Success and Confidence" The FIBA Wealth Management Forum 2013
03/11/2013
Wealth managers weather RDR pressures to post record growth
A pick-up in the markets contributed to growth in underlying assets."
03/11/2013
Brooks Macdonald plans Midlands office
The Midlands represents the last remaining geographical gap for the business, which has recently gained a presence in the Channel Islands after acquiring Spearpoint.
03/11/2013
Lloyds Bank Sells Part of Stake in Wealth Manager
The move comes just weeks before the Bank of England is set to outline the scale a multi-billion pound capital shortfall for U.K. lenders.
03/11/2013
It’s so unfair, say 'under-paid’ bankers
Almost two-thirds of London bankers think they were underpaid last year and half believe they have been treated unfairly.
03/11/2013
EFG to sell stake in spin-off to Notenstein for $74 mln
This transaction is expected to result in an exceptional accounting gain of approximately CHF 37 million in EFG International's 2013 financial statements.
03/11/2013
Coutts launches family business award in Hong Kong
The Coutts Prize aims to recognise outstanding achievement and exemplary practice in family governance, business governance and social responsibility, as well as raise awareness of the economic and social benefits of family businesses, and the challenges
03/11/2013
China launches probe on banks' wealth mgmt products: Report
Such products are not transparent and could create room for illegal operations
03/11/2013
Close Brothers' wealth arm back in profit
Overall income on assets increased 9% to £36m, corresponding to an improved revenue margin on total assets of 84 basis points, the group said.
03/11/2013
Law firm to launch private wealth service
The team will be headed by Melbourne partners
03/11/2013
Mercer and CAIS Redefine Alternative Investment Advice and Access for Wealth Management
Mercer will continue to provide due diligence and ongoing monitoring for all funds that list on CAIS
03/11/2013
Robertson Stephens Launches As A High Net Worth Wealth Management Firm
"Launching the brand name is our way of paying respect to all of the entrepreneurs who founded the boutique firms of that era," said Piazza.
03/11/2013
Majority of Advisors Live for Today, Lack Plans for Tomorrow
While prevailing industry research shows that the overwhelming majority of financial advisors are 50 years or older, most advisors don't have effective plans for the future of their businesses, according to an SEI survey released today.
03/11/2013
Financial Advisors Increase Assets and Revenues in 2012 - RESEARCH
Assets under management grew nine percent in 2012, rising from $74.0 million at the end of 2011 for the average advisor to $80.8 million at the end of 2012.