Managers of Wealth

NAB confirms redundancies in wealth division

National Australia Bank has confirmed redundancies in a number of roles within its wealth management division following a strategy to digitalise the business.

2.2 billion RIA Joins Focus Financial Partners

A $2.2 billion registered investment advisory firm with roots at Bank of America's Merrill Lynch and UBS AG has joined Focus Financial Partners, a partnership of independent wealth management firms.

CBA launches exclusive suites for the wealthy

The suites will target salaried individuals with a net income of Sh300,000

Swiss firm Hansa to buy SVG Investment Managers

Hansa has assets under management of more than $1.8bn, while SVGIM - which invests in UK equities by applying private equity techniques to public markets - runs around £200m.

Sanlam Private Wealth snaps up two more client banks

The UK-based division of the South African headquartered company has acquired Telford-based Cornforth Consultants Wealth Management and Shropshire-based Wealthport.

Focus Announces Partnership with Telemus Capital Partners

The firm offers a range of advisory services including investment management, financial planning,

Private banking changes courting strategy for Asia

The region represents a vast untapped marketplace for niche banking services

BNY Mellon named Best Transactional Bank in Europe, the Middle East and Africa

The award recognises BNY Mellon's innovative approach to developing and implementing client-focussed solutions in transactional banking

Emirates attractive to UK expats

Australia has retained the top sport in the report's Quality of Life Index which is created by analysing opinions and attitudes on lifestyle of 1,800 British expatriates

Deutsche to start Tilney sale talks in September

Deutsche Asset & Wealth Management has set a September deadline to kick off the first round of bids for its loss-making Tilney business.

Charity Commission publishes new guidance on trustee decision making

The guidance 'aims to help increase trustees’ confidence when making decisions, and inform their process' by setting out key principles for good decision making.

Charities SORP Consultation

The solution suggested is that a mixed motive investment should be treated as though it were a pure financial investment

Rothschild parent Q1 revenue drops 4.2 pct

Paris Orleans, the holding company for boutique investment bank Rothschild, said on Friday that its first-quarter group revenue fell 4.2 percent as lower profits in merchant banking outweighed an uptick in financial advice.

Law firm acquires wealth management business

Listed law firm ILH Group has expanded into wealth management with the acquisition of Capricorn Investment Partners

Schroders reports AUM up 21 per cent

Profit before tax up 25 per cent. to £221.7 million (H1 2012: £177.4 million)

Ultra-HNIs To Make Safe Investments From Now On

The prolonged economic slowdown in India without an early recovery has an adverse impact on the spending behaviour of ultra-high net worth individuals.

7IM plots ‘smart beta’ overhaul for passive funds

The wealth manager has already shifted part of the four AAP portfolios into such products.

Ashcourt Rowan AM to buy Generali Portfolio Management

Generali Portfolio Management manages around £200 million in discretionary private client portfolios (excluding certain assets managed on behalf of Generali) and generates annual revenue of around £1.9 million.

Old Mutual H1 pretax profit rise to £805m

Funds under management up 9%

Indian ultra-HNI count rises to 100,900

The population of Indian ultra-HNHs is estimated to have grown to around 100,900 in 2012-13, and is expected to triple to around 329,000 over the next five years

Wealth and Asset Management