Managers of Wealth

Union Bancaire Privee says Joins U.S. Tax Deal

The scheme requires Swiss banks to hand out some previously hidden information and face penalties of up to 50 percent of assets they managed on behalf of U.S. clients.

Wells Fargo Sweetens Brokers' Deferred Pay, Retirement Incentives

Morgan Stanley, Bank of America Corp's Merrill Lynch and UBS AG's U.S. brokerage unit unveiled plans two weeks ago that reward asset gathering, encourage brokers to work in teams and toughened revenue targets for lower-tier advisers.

Ashcourt Rowan targets £10bn in AUM in five years

Ashcourt Rowan is looking to grow its assets under management from £3.7bn to £10bn in the next three to five years following its deal to acquire adviser firm UK Wealth Management for up to £14.25m.

UBS Sells Stock Benefits Manager to Montagu Private Equity

The sale of the unit, called Corporate Employee Financial Services International, is expected to close in 2014

Why are Hedgies Pouncing on Wealth Managers?

The march of hedge funds up the shareholder registers of listed wealth managers has been relentless

Jersey’s financial services credentials highlighted to senior UAE and Qatar professionals

Jersey’s role as a partner jurisdiction for wealth management, banking, corporate and funds work in the Middle East was highlighted to audiences of senior finance professionals at two key events in the Gulf region this month.

Wealth management firm to run Investment Quorum discretionary funds

Six risk-rated discretionary portfolios to be outsourced to Ingenious Asset Management.

Valartis Bank AG, Switzerland, decides not to participate in the US Tax Programme for Swiss Banks

Bank will decide at a later time whether to register for Category 3 or not to participate at all.

House of Fraser close to falling into French hands

House of Fraser has hired Rothschild to manage the process, and has been holding a beauty parade for advisers over recent weeks.

It was a big year for: the asset managers

After hiring 13 professionals in 2012, Aeschlimann raised his bet by hiring a further four in 2013, including Anu Narula, his new head of global equities, who arrived from Axa Framlington.

Advisers' investment trust purchases on platforms up 66%

Purchases of investment trusts through platforms by advisers and wealth managers increased by 66 per cent over the first nine months of 2013

Bob Diamond raises $325m for African banking venture

Former Barclays chief executive and continent's youngest billionaire intend to use funds to acquire stakes or operations in African financial services companies

The Digital Operators that are shaking up old-school wealth management

Tired of your slow, stuffy private banker? The digital revolution is giving them a run for your money

Old Mutual Wealth in talks to buy Intrinsic

Old Mutual Wealth is in talks to buy adviser network Intrinsic, Money Marketing understands.

New expat account and investment facilities for UAE expats

In the five years since the collapse of Lehman Brothers led to the global economic crisis the number of expat bank accounts have shrunk, most notably in the UK.

BNY Mellon Introduces Fee Management Service for Asset Managers

The offering, serviced through BNY Mellon's transfer agency group, has been designed to help asset managers understand the services they are receiving for the fees they pay to broker-dealers.

Bankers Expect 44% Rise in Bonuses

The average bonus for managing directors, the level just below the board, is predicted to increase to £167,000 in 2013, up from £116,000 in 2012.

Super-Rich bet On Emerging Markets, Agriculture and Private Equity

Those surveyed say equities – led by emerging market equities, favoured by 27% of respondents – agriculture, and private equities are expected to be the best performing asset classes, while cash and government bonds are forecast to do least we

Lombard Odier in fresh assault on UK retail market

Nine of its Luxembourg-based funds are now available to UK investors in sterling shares, including the top-performing Lombard Odier Technology fund and the $835m Lombard Odier Emerging Consumer fund.

Wealth management industry mergers surge

Global wealth management M&A activity quickens as valuations dip; in 2013 nearly USD0.76 trn in HNW assets changes hands through deals.

Wealth and Asset Management