Managers of Wealth

Boutique wealth manager launches first retail fund

A boutique wealth manager offering a bespoke private client service is to launch its first retail fund as it seeks to diversify its business.

Brown Advisory to support U.S. Expats

Currently around 126,000 U.S. nationals reside in the U.K.

AMG delves deeper into the RIA business with second deal

AMG Wealth Partners, LP, a subsidiary of Affiliated Managers Group, Inc. has acquired an equity interest in Clarfeld Financial Advisors, LLC.

Helm Godfrey profits hit by RDR costs

Helm Godfrey blamed the cost of the retail distribution review (RDR) and the acquisition of the employee benefits arm of Truestone Asset Management in 2011 for the dip in profits.

J.P. Morgan, Barclays and Citi best rivals in private banking

The significant rise in Asia’s private banking and wealth management profit levels last year suggests that the fine-tuning of business models among market participants is reaping rewards.

CertusBank Invests in Wealth Management division

Terms of the transaction were not disclosed and the completion of the transaction is subject to customary closing conditions.

Royal Bank of Canada Wealth Management to Close Uruguay Office

Some employees may move to other locations, and the office will provide services until Oct. 31, she said.

SNB says UBS can repurchase StabFund within three months

The asset valuation and completion of the purchase option transaction are expected to take approximately three months.

James Brearley hangs in the black after 36% profit fall

The wealth manager has increased its assets under management to more than £900 million across all divisions.

Merrill Lynch to dissolve into BofA

The firm will assume all of Merrill Lynch's obligations and debt.

AMP chief steps down as wealth management company's first-half profit increases

In wealth management, AMP’s largest business unit, operating earnings for 1H 13 were up 20 per cent

Global & LATAM UHNW Market: Where are they? Who are they?

This panel will discuss the size, location, characteristics and spending habits of the UHNW in general and in LATAM specifically.

No rest for Collardi as Julius Baer grapples with Merrill

In July, five months after the integration began, Collardi raised the estimated integration costs to 455 million francs from 400 million, and retaining Merrill Lynch bankers is also costing money and slowing efforts to hire advisors in other areas.

Wealth division contributes to record CBA profits

The bank met its target of becoming the market leader for customer satisfaction and completed its six-year core banking modernisation.

ANZ supports overseas investment into Australia through its new SIV solution

The SIV program aims to bring investment into the Australian economy

Wealth-X Is A Finalist For The 2013 Red Herring Top 100 Asia Award

Wealth-X, the world's leading ultra high net worth intelligence provider announced it has been selected as a finalist for Red Herring's Top 100 Asia award

Raymond James offers alts to RIAs

“I am pleased to inform our registered investment advisors they will now have access to the Raymond James Alternative Investment Group (AIG),” said Bill Van Law, president of Raymond James IAD.

GAM Holding Boosts First-Half Profit as Fee Income Gains

The change reflects the increasing level of convergence in the activities of GAM and Swiss & Global Asset Management.

Van Lanschot net profit rises

Solid capital base strengthened substantially: Core Tier I ratio up from 11.0% to 12.5%

6,000 Singaporeans employed in private banking services sector

Singapore has about 40 financial institutions offering private banking services. The sector has created good quality jobs and now employs about 9,000 people, two thirds of them are Singapore citizens.

Wealth and Asset Management