Managers of Wealth

Wealth management stagnates at Canada's big banks

Canada's biggest bank stumbled hardest, though the results included a C$29 million charge in the third quarter.

SJP partner ‘cloned’ by fraudsters

The regulator issued on Thursday an alert about a firm offering investment advice and brokerage services under the names AW Associates, A Walker Associates and Andrew Walker Associates.

Don’t make wealth tax a habit

So, in normal times, the Treasury jumps from a great height on anyone in government who speculates on tax policy.

Is Macquarie Preparing to Clear the Desks at Private Wealth?

All jokes aside, could the board be considering a potential sale of Macquarie Private Wealth?

HSBC adopts content approach with ad-funded business series

Following the decision to drop its long-standing strapline, 'The World’s Local Bank' last year, HSBC has been moving to position itself as an authority on global trends, including through its 'In The Future' campaign, looking at

Barclays launches Female Client Group offering in Scotland

Barclays has chosen the prestigious setting of this year’s Blair Castle International Horse Trials for the launch of its Female Client Group proposition in Scotland

HSBC Swiss Private Bank Profit Declines on Interest Income

Higher costs plus the repatriation of client funds to onshore networks that generate lower fees are cutting profit margins at Swiss private banks, the biggest managers of offshore wealth.

Perpetual funds under management take 17pc hit

WEALTH manager Perpetual said the trend in net fund outflows continued to slow in the first two months of 2011-12, after funds under management fell 17 per cent last year.

Royal Bank of Canada Reports Record Third Quarter 2012 Results

Royal Bank of Canada today reported record net income of $2,240 million for the quarter ended July 31, 2012, up $946 million or 73% from the prior year.

German private banks build stake in Universal Investment

Private banks Berenberg Bank and Bankhaus Lampe have increased their stake in Germany's Universal Investment to 50%, in a vote of confidence in the fund platform model.

Liechtenstein to require LDF filers to deposit min amount in its banks

This new 20% minimum is believed to reflect some dissatisfaction on the part of Liechtenstein’s wealth management industry with the amount of permanent business it is retaining as a result of the LDF scheme, as many of those making disclosures are

Banker Bonuses at Risk as EU Lawmakers Fight Barnier Plans

Bankers are facing a backlash from EU lawmakers determined to cut variable pay as part of a quest to reshape lenders as utilities rather than money-making machines.

Who says that Picasso on the wall can't help earn its keep?

Earlier this month, UBS Wealth Management America unveiled to its brokers a plan to offer loans of up to US$150 million ($187 million) collateralised by works of art, rare musical instruments and fine silver.

Rich Men Still Control Household Investment Decisions

Much Of Disparity Likely Has To Do With Traditional Gender Norms

World's oldest bank posts 1.6B euro loss

The bank, which was founded in 1472, on Tuesday said in a statement that the bulk of the writedown was taken on its CGU Privati BMPS unit as well Banco Antonveneta, a 2007 acquisition analysts had deemed overpriced.

Sweetened ClearView bid a winner for Weiss

Weiss is understood to have been shopping the deal around for about a year, ever since he parted ways with GPG, the Ron Brierley-led corporate investment firm he ran for two decades.

Revenues soar at UK wealth management firm

Assets under administration and advice rose 31.3% to £3.02bn.

LGT more than doubles profits

In a challenging market environment, the international private banking and asset management company LGT Group increased group profit for the first six months of 2012 by a substantial 58% to CHF 130 million as against the same period of the previous year.

Top Wealth Managers Survey, Pt. 1: What Makes a Firm ‘Top’?

In the overview of our analysis of this year's Top Wealth Managers, insights into a changed industry

Private bankers and wealth managers are most in demand in Dubai

More than half of Dubai financial recruiters plan to hire more permanent staff before the end of the year - the second-highest percentage globally.

Wealth and Asset Management