Managers of Wealth

Liontrust European Absolute Return Fund removed from Wealth 150

The Liontrust European Absolute Return Fund has been removed from the Wealth 150 list of our favourite funds in each sector.

Rathbones wealth inflows dip in 'challenging' 2012

Rathbones looks forward to 2013 with more optimism, although markets do remain fragile as governments, particularly in the US, the UK and the Eurozone, battle with difficult economic and financial conditions.

FATCA’s A Business Opportunity, Say Wealth Managers

FATCA and other tax information swapping laws between countries to crackdown on people not declaring their true financial status could lead to a boost in trade for wealth managers.

NAB Private Wealth best in Australia

When it comes to private banks it seems size really does matter, after NAB Private Wealth was named the best one in Australia by publication Asian Private Banker.

Mirabaud Asset Management launches multi-asset strategy

The strategy will offer flexible management on all traditional asset classes and aims for long term capital appreciation and protection in case of market losses through its reactivity and flexibility in tactical choices.

RBC Boosts Middle East Wealth Fund Assets by 20% on Risk Profile

A Royal Bank of Canada executive said the cash, stocks, bonds and other assets it holds for sovereign wealth funds in the Middle East grew by 20 percent in 2012 as the funds seek to diversify away from riskier banks.

RBC Investor Services Tops Global Investor/ ISF Beneficial Owners Survey

In this year's global survey, RBC Investor Services finished first in eight of the 12 service categories, helping to secure its number one position in the un-weighted overall ranking.

Swiss bank UBS battles against culture of arrogance

Switzerland's UBS has yet to purge itself fully of the culture of arrogance that put it at the centre of a global interest rate scandal.

Bellpenny acquires four IFA firms

Bellpenny now has 2,500 clients.

Highland Capital Management to merge with La. wealth management firm

Wishnia will join Argent Financial Group's board of directors

Swiss bank UBS battling against culture of arrogance

"We all got probably too arrogant, too self-convinced that things were correct the way they were - I think the industry has to change," Andrea Orcel told Britain's Parliamentary Commission on Banking Standards, set up after the Libor affair

SJP and Standard Life 'biggest RDR winners'

"The ending of life companies paying commission to IFAs and other sales people should help to lower new business churn and improve margins. Adjusting business models to cope with this may not be easy."

Focus Financial adds Seattle team with $1.5 bln assets

Independent advisory firm Merriman LLC joined Focus Financial on Dec. 31.

UK Wealth Management reveals £145k loss and £2m hand-out

The firm said it made no acquisitions in 2011 and in fact declined on a number of offers.

Sarasin & Partners Funds of Funds now available on platforms

Sarasin & Partners have announced that the two funds of funds, the Sarasin Global Diversified Fund of Funds and the Sarasin Global Equity Fund of Funds, which were launched last year, have been added to a range of platforms.

Turkey’s private bankers tap dynamic entrepreneurial culture

The country’s entrepreneurs are increasingly drawing on private bankers’ skills as they seek out new sources of income and ways to pass on wealth to younger family members.

Wealth managers' top fund picks for 2013

The year ahead is set to be as tumultuous as the past few years as the eurozone continues to navigate its way out of a debt crisis, the BoE welcomes a new governor and the US tackles the fallout of the fiscal cliff.

Veteran broker departures shift $133 billion client assets in 2012

Unprecedented signing bonuses, cultural changes linked to acquisitions, a push to cross-sell company products, and a growing charm of joining regional outfits contributed to many of these exits which are likely to continue this year, recruiters and broke

Clarion splits business into wealth and investment arms

All independent financial advice previously provided by Clarion will be provided by Clarion Wealth Planning. Discretionary investment management services will now be supplied by Clarion Investment Management.

Saltus cuts AMC on multi-asset range

The change has come into effect immediately and follows a rush of investment managers moving to streamline their retail and institutional share classes in time for the retail distribution review.

Wealth and Asset Management