Managers of Wealth

Valartis Group to Merge or Sell Swiss Private Bank

Swiss private banks have been looking to cut costs as they grapple with low interest rates and slack client activity which have eaten into profits

Old Mutual has big plans for its wealthy clients

We have sourced the capability in terms of the information technology required

Valartis Group closes the first half of 2013 with a slight profit

Valartis Group closed the first half of 2013 with a profit of CHF 0.1 million. In an on-going challenging market environment

How wealth managers are pitching their restricted status to the public

The new rules, which were introduced in January are full of intricacies, as firms seeking to describe themselves as independent have to advise on the full scope of retail investment products, which includes life assurance policies and pensions.

McQuaker: Managers To Back When The Red Turns Off the QE Tap

Henderson's Head of Multi-Asset Bill McQuaker is backing value managers to outperform in what he describes as a more 'granular market'

Boutique bank Lesmoir-Gordon, Boyle & Co is riding high

But Lesmoir-Gordon, Boyle & Co, a boutique bank set up by Schroders’ veterans Richard Lesmoir-Gordon, Andrew Boyle and Nick Smith, is aiming to change that.

Millionaires Abound in Major African Cities, a study finds

Johannesburg has the top number of millionaires on the African continent with some 23,400 very rich people

Amid the decline, India's wealth club keeps growing

The membership numbers for its wealth club just keep on rising

Bank Leumi clarify exec pay policy

Bonuses will only be distributed at Leumi if the bank's return on equity reaches 7.5%

ABN AMRO Q2 slips, warns of higher loan impairments in 2013

Dutch state-owned bank ABN AMRO reported second-quarter net profit of 402 million euros ($536.5 million)

Quilter Cheviot teams come together in Liverpool

They form part of the Quilter Cheviot North West operation, which also includes Manchester and North Wales, with total funds under management of more than £1.2bn.

Bellpenny acquires IFA firm

IFA acquirer and wealth manager Bellpenny has completed its acquisition of Glasgow based IFA firm KM Financial Advisers.

UBS Global Asset Management reorganizes hedge fund units

UBS Global Asset Management has announced that its leading Alternative and Quantitative Investments hedge fund platform will be reorganised into two separate business areas with immediate effect

Swiss private bank to wind up Oman operation

Although the reason for downing shutters is not known, informed sources indicate that it could be due to a global restructuring plan

Looking for Opportunities in Private Banking

We are pleased to announce the launch of our job section of the site

Raymond James Assets Under Administration Increase in July

Raymond James Financial Inc.'s assets under administration grew 12% in July to reach a new record of $418 billion

ANZ to invest into promotion of Wealth division

“ANZ Wealth is the overall division name we use globally, while OnePath is an external customer brand that is utilised to distribute offerings through financial advisers,” the bank’s spokesperson said.

Old Mutual’s new wealth unit to offer ‘integrated, holistic’ service

Old Mutual South Africa’s wealth management business, which combines seven of its business units into one division, started operating in August.

All shares in ABN Amro likely to be sold off

BN Amro bank is likely to be sold off in its entirety when the government privatises it, rather than divested in tranches

A world without financial product commissions?

radley believes advisors and the financial services companies play an important role.

Wealth and Asset Management