Managers of Wealth

Pressure on Apcims to back standard DFM disclosure

The discretionary managers are due to meet with the Association of Private Client Investment Managers and Stockbrokers (Apcims) later this month to discuss the plans.

Wealth manager tests African investments

Africa is evolving, fast. Technology is helping.

Swiss Cantonal Bank Cut by S&P Amid Risk of U.S. Legal Costs

“We foresee ongoing elevated reputational and legal risk at BKB from pending legal actions by the U.S. Department of Justice against Swiss banks,” S&P said after meeting with the management of the company.

'Havoc' as HSBC prepares to close diplomatic accounts

The head of the UK's Consular Corps told the Mail on Sunday the decision has created "havoc".

Bankers bonuses soar to £4.2m while average workers lose out

City payouts went up by £1.8billion in a year as fatcats delayed their bonuses to take advantage of Chancellor George Osborne’s cut in the top rate of tax.

HSBC raises pretax profit 10%, cuts impairments by £1.7bn

Banking giant HSBC Holdings reported pretax profit of $14.1bn in the first half to end-June, an increase of 10% compared with the same period in 2012.

Are bespoke discretionary portfolios sustainable on grounds of cost - London & Capital

The industry debate rages….. whether smaller bespoke discretionary portfolios are sustainable on grounds of cost, with a number of DFMs reviewing the suitability of clients with smaller pots.

HSBC vows to limit impact of EU bonus cap

HSBC has vowed to sidestep European proposals to cap bankers bonuses to prevent an exodus of talent in its Asian and American markets, potentially by raising salaries.

Canaccord Genuity looks to Europe equities and property

Nigel Cuming, CIO of Canaccord Genuity Wealth Management, is considering allocating to European equities and property as equity markets continue to rally.

Singapore’s wealth centre claim gains credence

Legitimate rival to Switzerland; M&A robust in spite of banking downgrade

Credit Suisse spins off Johim as Bermuda National sale goes through

The existing independent directors are also set to remain on the executive board for the foreseeable future. At the end of June Johim had around £3.9 billion in assets under management.

Mars vs. Venus Rings True

Married men and married women provide drastically different answers when asked who is responsible for financial decisions in the household,

Generali says won't sell BSI if price not right

The result, which Generali called its best half-year performance in the past five years

Barclays Joins UBS in Pursuit of Millionaire Clients in Africa

Barclays Plc is joining Citigroup Inc. and UBS AG in targeting millionaire clients in Africa as the continent’s fastest-growing economies swell a rich list topped by billionaires

Law firm acquires financial advice business

In acquiring Capricorn, ILH will also buy The Pentad Group

Wealth Adviser Special Report: Jersey Wealth Management Services 2013

This Wealth Adviser Special Report highlights how Jersey's wealth managers and government are attracting a share of the rapid, global growth in wealth with a raft of initiatives, from infrastructure investment to taking on new technology to help serv

BofA Set To Jack Up Fees For Thousands Of Brokerage Account Holders

The move comes as big brokerage firms struggle to make up for lost assets during the recession

Q2 2013 Private Client Indices

The Q2 2013 performance figures for the ARC Private Client Indices and ARC Charity Indices have been calculated.

HSBC Private Bank shuts UK immigration service on low client retention

The desk provided visa fast-tracking and advice services for overseas investors with more than £1 million under their possession in the UK

Axa Wealth sales up 68% to £2.5bn

Sales on the Elevate platform rose by 52%, from £622m to £945m while assets under management increased by 48% from £4.3bn to £6.4bn.

Wealth and Asset Management