Managers of Wealth

Banks Relationship Managers Spending Less Time With Clients: PwC survey

The Cost of Relationship Managers is the highest in a private bank's cost base, but ironically RMs are actually spending less time with clients.

UBS poised to unveil cuts and writedowns

The bank, one of hardest-hit in Europe by the financial meltdown

Brewins, Brooks and Quilter Cheviot sign up to new DFM service

The firm said the new tool has been designed to enable financial advisers to consolidate their work

Cheltenham wealth manager buys £60m client book

Cheltenham-based weatlh management firm has acquired the client book of Kent-based Valiant Financial Consultants Ltd

Wells Fargo Deploys Standards Across Global Operations

Wells Fargo takes a different approach to global operations from many of the other banks participating at the SWIFT Sibos conference in Dubai this month.

EFG International adopts new logo

Given the cohesive nature of EFG International’s international private banking business (spanning some 30 locations worldwide), it will increasingly seek to project a unified approach under the marketing name, “EFG”.

Law firms that want growth should look to private-client work

Law firms focusing on private clients were among the UK’s best performing

Hargreaves profits jump 28%

Hargreaves Lansdown has reported a rise in assets under administration, profits and client numbers while revealing further progress in pricing.

UBS Chairman Says Not Focused on Acquisitions in Short Term

UBS AG chairman Axel Weber said the Swiss bank was focused on meeting new bank safety rules rather than pursuing acquisitions,

CIBC now seeking wealth management acquisitions of more than C$1 billion

CIBC is focusing on wealth management because it offers steady fee-based income and requires very little capital to run.

SJP: Our charges are easier for clients to understand

Multiple hourly charges for advice could be as “complicated” for consumers to understand as energy bills, the marketing director of St James’s Place has claimed.

Edmond de Rothschild Completes Overhaul of Asset Management Division

The Edmond de Rothschild Group, with more than 55 billion Swiss francs (close to 45 billion euros) under management, aims to raise a further 25 billion Swiss francs by 2016

ARC Private Client Indices and ARC Charity Indices are now available.

The latest performance estimates for the ARC Private Client Indices and ARC Charity Indices are now available.

Companies Poised to Succeed in Wealth Management - Morningstar

Morningstar, Inc a leading provider of independent investment research, today published its inaugural issue of Financial Services Observer

Genworth Closes Sale of Wealth Management Units

Genworth Financial, Inc. announced today it has closed the sale of its Wealth Management business, including Genworth Financial Wealth Management and alternative solutions provider

Fiera Capital Acquires Wealth Management Firm

Fiera Capital Corporation announced today that it has reached agreements to acquire a prominent U.S. wealth management firm and, separately, a global asset manager as part of its strategy to expand into the U.S. market.

Financial services to make 100,000 millionaires by 2017

At the end of 2012 there were 302,000 millionaires (HNWIs) in Australia, collectively holding US$900 billion, or 15.5% of the total individual wealth in the country.

One in five Swiss bankers received no bonus last year

The Swiss financial industry portal finews.ch and Communicators communications agency surveyed more than 500 people working in the Swiss financial sector.

China Bank Regulator: Need More Regulation of Wealth Management Products

Mr. Shang's remarks are generally in line with those of other officials who have called for ensuring the financial system serves the real economy.

Towry in talks to buy Bluefin

Bluefin owner AXA had put the business up for sale, alongside employee benefits arm Bluefin Corporate Consulting, in 2011.

Wealth and Asset Management