07/23/2013
Less than a third of advisers focus on £100k+ clients
In spite of bearish rhetoric from across much of the advisory sector that the Retail Distribution Review has pushed advisers up the value chain
Wealth and Asset Management
07/23/2013
EFG unit sale boosts first-half profit
Underlying private banking revenues up 10 percent
07/23/2013
Bank of America adds two board members
The additions bring the size of the bank's board to 15.
07/22/2013
Stenham raids UBP for new managing director
He has been charged with broadening out Stenham asset management offering as well as suitably augmenting its business development capabilities.
07/22/2013
London: Where Only The Wealth of a Global Elite can Find a Home
The capital's Super-Prime Property Market Has Been Bought up by Foreign Investors Who Are Exacerbating the Housing divide
07/22/2013
C. Hoare & Co. And Its Subsidiary Companies Consolidate
The bank remains strongly capitalised by all measures, and it is still very liquid having lent to customers less than half your deposits.
07/22/2013
What is Wealthy?
7% of investors believe the economy is strengthening and 60% say their long-term economic outlook is bright.
07/22/2013
Platform boost helps 7IM hit £5bn milestone
The team of Seven came together - and yes, they are all still there - with a clear view of improving the investment services for professional intermediaries
07/22/2013
BofA creates new retirement unit
Bank of America Corp. has combined its retirement planning and wealth management capabilities.
07/22/2013
New names are weighed up for JO Hambro Investment Management
JO HAMBRO Investment Management is considering a name change to honour co-founder Richard Hambro
07/21/2013
Wegelin Chief Takes Blame for Bank's Collapse
Konrad Hummler Took full Responsibility for the closure of Wegelin & Co., after it paid US penalties of $57.8 million for helping clients avoid some $20 million in taxes.
07/21/2013
Julius Baer reports Assets under management up 15%
Operating income rose by 25% year on year
07/21/2013
Preliminary results for 2Q 2013; UBS reaches agreement in principle to settle industry litigation with FHFA for RMBS offerings
UBS estimates that for the second quarter of 2013 its operating profit before tax was approximately CHF 1,020 million and its net profit attributable to shareholders was approximately CHF 690 million.
07/21/2013
Bellpenny acquires Entire Wealth Management
This has enabled us to remain very selective in our acquisition strategy.
07/21/2013
South African-headquartered wealth manager Sponsors Prestigious International Opera Awards
South African-headquartered wealth manager has taken up exclusive sponsorship of the newly launched International Opera Awards
07/21/2013
Arrested Vatican Prelate Aced as Private Banker
Magistrates’ says Prelate Used Web of Contacts Illegally
07/21/2013
Mayfair Mews Pays Out for Property Mogul
The Property Tycoon Wrapped up in a Legal Battle with the Serious Fraud Office Has Had One Piece of Good News of late
07/21/2013
New Economic Study Reveals Global Built Environment Wealth Tops $193 Trillion
EC Harris is today publishing a landmark global study which provides fresh insight into the current and future prosperity of nations across the world based on analysis of investment in infrastructure and the built environment.
07/21/2013
The Sullivan Wealth Management Team Leaves Morgan Stanley for BHWM; Firm Expands CA Presence
The move marks the 11th advisor team to join BHWM, and will bring a projected asset transition of approximately $110 million to the firm.
07/21/2013
Julius Baer CEO Expects Swiss-U.S. Accord to Resolve Tax Dispute
Julius Baer Group Ltd. Chief Executive Officer Boris Collardi expects talks between the U.S. and Switzerland to produce an agreement that will allow Swiss banks to resolve a tax-evasion dispute