Managers of Wealth

Barclays wealth arm consults FSA over fund group admin fees post RDR

Barclays and other wealth managers will likely have to buy the clean fee share classes

MFP Wealth Management first to receive British Standards certificate

The BS8577 is a work-based assessment in which the British Standards Institute visits a firm

EFG International comments on performance

EFG International’s stake in EFG Financial Products has reduced from circa 58% to circa 25% as part of the successful IPO of EFG Financial Products.

Private Banking Will Get More Complicated -RESEARCH

The Boston Consulting Group has made public a new study of the market for wealth management

Pictet Says Tax Declaration Rules Threaten Profit

Swiss private banks may earn less if they only handle tax- declared money from European clients, HandelsZeitung cited Pictet as saying.

Schroders wins top fund manager award

The event, held at Sydney's Doltone House, was hosted by the Australian Fund Manager Association for the 14th year in a row.

Brooks co-founder steps down from board as FUM jumps 6.5%

As at 30 September 2012 discretionary funds under management totalled GBP £3.751 billion.

Morgan Stanley’s Gorman Set to Lose $2.9 Million in Pay

Instead, Morgan Stanley has produced an ROE of less than 6 percent with one quarter remaining and ranks ninth in its peer group in terms of shareholder return, beating only Credit Suisse Group AG. Gorman, who’s criticized Wall Street pay as too hig

Emerging Signs of an Uptick, but Luxury Industry not Convinced

A new report produced by Ledbury Research reveals some green shoots in wealthy consumer sentiment, as the outlooks of the most influential CEOs in the luxury industry continue to fall.

European Wealth boosts assets £120m with adviser buyout

The company has grown its asset base from an initial £20 million to a current figure of around £500 million. Bradley Stuart last year delivered turnover of around £1.28 million.

Northern Trust's quarterly net up on higher fee

Assets under custody rose 14% to $4.761 trillion while assets under management increased 16% to $749.7 billion.

Deutsche Bank Private Wealth Management joins Suggestus

Following an extensive due diligence process, DB PWM has also been awarded the ARC Approved Due Diligence Kitemark.

US Wealth management firm opens new offices

“Our goal is to continue building a family-oriented wealth advisory business

Six top financial advisors launch independent wealth management firm

The team of top performing national advisors has over 80 years of collective advisory experience and plans to maintain nearly $450 million in client assets.

Merrill Lynch Wealth Management's brokerage defections continue

Merrill Lynch Wealth Management's main brokerage force shrank by 75 advisers

Man Group Outflows Increase to $2.2 Billion on ‘Subdued’ Sales

Customers pulled a net $2.2 billion from the firm

Swiss private bank eyes Asia institutions

Banque Syz is relocating staff to Asia to focus on asset owners

Arbuthnot Banking trading well

This will result in some compression of its customer margins

Geneva banks welcome Spanish, Mideast flows in tough times

New clients fleeing Spain's debt crisis and havoc in the Middle East have buoyed assets managed by banks in Geneva even though the outlook for the Swiss safe haven remains difficult, bankers said on Wednesday.

Charities should set an example on ethical investment, survey of investors finds

Three in five say charities should take the lead on 'stewardship' issues, but Penny Shepherd of Uksif says not enough of them are signed up to the Financial Reporting Council's stewardship code

Wealth and Asset Management