Managers of Wealth

Independent wealth manager acquires online wealth platform

Isle of Man-based company supports the international adviser community through an open architecture platform which offers funds, direct equity holdings, structured products and various other investment instruments.

Former Iveagh CIO joins ex-footballer's wealth firm

The Iveagh name is to vanish from the investment world in the near future after the group agreed a deal with City Financial which will see the latter buy its fund range this year.

Citigroup profit rises on smaller loss from troubled assets

Dogged by its failure to pass the Federal Reserve’s latest stress test and investigations of fraud at its Mexican unit, Citigroup reported some good news on Monday: first-quarter profit that beat analysts’ expectations.

ARGENTINA: Offshore wealth clocks in at US$300B

Argentines’ assets abroad have grown 250 percent in the last 20 years, report

Old Mutual could buy out Henderson in Intrinsic joint venture

Money Marketing understands Old Mutual is in discussions about the possibility of acquiring the remaining 50 per cent share from Henderson, though no firm decision is thought to have been made as Old Mutual is considering a number of options.

MacKinnon: Regulation, not profitability, motivated Ingenious deal

Thurleigh founder Charles MacKinnon says the decision to merge with Ingenious Asset Management was driven not by concerns over profitability but rather a long-term view on regulation.

UBS Wealth Management Is Expanding in Asia, Emerging Markets

UBS, the largest Swiss bank, hired 88 advisers this year

Schroders CIO Matthew Oakeley is harmonising assets

Schroders has been through a major period of innovation, led by Matthew Oakeley, who describes the journey

200-year-old private banking group targets Asia growth

In its push the bank has made six senior appointments in Asia, doubling its team of relationship managers to 12, with plans to employ three more people by the end of this year.

Defaqto research points to DFM growth/M&A increase

The number of outsourcing IFAs increased from 42% in 2012, and Fraser Donaldson, Defaqto insight analyst for wealth management, believers the figure is climbing again in 2014.

Nordic group launches emerging Europe fund

The firm said the fund will operate with a bottom-up stock selection process

The blockbuster bond fund you might not have heard of

The fund in question is the DNB AM Kort Obligasjon 2

Dua, IndusLaw, Naik help IIFL Wealth Management buy majority stake in India Alternative PE Fund

Brokerage firm India Infoline’s wealth management arm has acquired a majority stake in private equity fund India Alternatives Investment Advisors for an undisclosed sum.

Latin American Pension Industry Exceeds US$900 Billion in AUM

There has been a flurry of merger and acquisition activity in the pension space in Latin America

Close Brothers Asset Finance awarded £40m by RGF

Close Brothers Asset Finance has been conditionally awarded a further £40 million portion of the Regional Growth Fund, according to an announcement made by the government.

Swiss boutique private bank to remain a boutique despite dramatic size build-up

Apart from the huge amount of assets , and the large number of employees involved there was also a vast difference in the investment philosophy between the US bank and the Swiss bank.

RBC Joins Goldman in Suing Clients After Singapore Crash

This brings the total banks and brokers are seeking to recover

The Rich List: Number of Vietnam’s Ultra-High Net Worth Individuals to Increase

Indonesia will be in second place with a growth of 144 percent

Ashmore Group Assets Under Management Decline In 3rd Quarter

Smaller net outflows were experienced in local currency

Amundi expands Eastern European footprint

Amundi Polska will begin by focusing on five locally domiciled funds

Wealth and Asset Management