Managers of Wealth

Advisers Must Understand Millennials To Attract Them

Members of the so-called millennial generation like to live for today

Centric under the hammer

FINANCIAL planning chain Centric Wealth is up for sale

Aberdeen AM reports £9.7 billion of new business won in the quarter

Assets under management £209.6 billion

Charles Stanley chairman nets £80k from share sale

The chairman netted around £80,000 after trimming his exposure to the private client stockbroker.

Lourd Capital Management Rebrands as LourdMurray

Often working with athletes and entertainment professionals, among other high-net-worth individuals, the firm acts as a fiduciary, helping clients achieve their goals as well as instilling them with basic financial planning skills.

Moelis, Rothschild Take Lead on Omnicom-Publicis Merger

The two companies’ combination didn’t require the issuance of debt or new equity

How the Big Six banks won the battle for Canadians’ wealth

The white flag of surrender hasn’t quite been raised, but the war for the Canadian investor looks all but over.

Odds are your family business will not pass to the next generation

Remarkably, only 15 percent of family businesses pass to the next generation, and even fewer survive to the third (according to a global study conducted by U. S. Trust, Bank of America Private Wealth Management, Prince and Associates and Camden Research)

Charles Stanley revenues up 31%

Charles Stanley's revenue for the three months to the end of June r

A new era of ethical investment? A fifth plan to get financial advice for the first time

One in five people who have previously not received financial advice plan to do so in the future to prepare for retirement, according to new research.

RIAs must be prepared for aggressive SEC enforcement

For registered investment advisers, times have changed, indeed. Unfortunately, too many investment advisers are living in 2002 when it comes to awareness of and preparation for regulatory action.

UBS France CEO eyes growth despite tax probe

UBS is being probed over its sales practices after a former executive told the authorities that Swiss bank accounts were being illegally sold on French soil and recorded in a separate account-keeping system used to help calculate bankers' bonuses.

HK family office boosts real asset allocation

Grace Financial is making more concentrated direct investments in infrastructure, metals and property.

Credit Suisse's private banking and wealth management division profit rises 4 pc

Mirroring a strong performance by Wall Street rivals, Credit Suisse more than doubled pre-tax profits at its investment banking division from a year ago

Predicted shortfall of 5000 IFAs for UK's HNW baby boomers

The UK faces a 20% shortfall of independent financial advisers which will potentially hit the baby boomer generation approaching or at retirement

Brooks Macdonald warns on future margins as assets jump 45%

In a trading update for the year to 30 June, the firm reveals discretionary funds have reached £5.11bn - up from £3.52bn reported for the previous 12 months.

Statement from the Swiss Bankers Association regarding payments and disclosures under the agreements with the UK and Austria

Both the UK and Austria have received either direct payments or information.

Wealth and Asset Management