Managers of Wealth

A suitability lesson for Coutts from 1957

The regulatory team at Coutts has certainly got its work cut out over the next few months.

Asia’s new generation of billionaires drive hard bargain with private banks

For the many banks and wealth managers chasing business from Asia’s ultra-wealthy, finding the answer to that question makes the difference between managing money for the region’s biggest business tycoons and merely aspiring to do so.

Rattled Swiss private banks turn page on past business model

Switzerland agreed a few weeks ago to phase out its long tradition of banking secrecy over the next two years

Ascentric boosts assets to £8 billion

Ascentric has boosted its assets under administration to £8 billion thanks to its white label service.

Swiss Asia Asset to incubate more hedge fund managers in Hong Kong

Swiss Asia is an incubator of hedge funds and in the last year has added eight new funds

Lombard Odier Private Bank Seeking 20% Asset Growth in Asia

Rich Chinese helped make Asia the fastest-growing region for affluent families last year

U.S. private wealth management division of CIBC continues record growth, hiring top talent

The net inflows reflect a healthy ~50/50 blend of net client additions and new client relationships, typically referrals from current clients, tax and legal advisors and industry professionals.

Will Advisors Care About Krawcheck's New Women-Focused Index Fund?

Wall Street veteran Sallie Krawcheck is teaming up with a money manager for an index fund focused on women a fund that before its re-launch suffered dismal long-term performance

Luton IFA sheds clients in £50k plus push

Gilbert said the firm was in talks with interested parties

Rattled Swiss private banks turn page on past

Switzerland agreed a few weeks ago to phase out its long tradition of banking secrecy

Prestige AM signs distribution deal with Natixis

UK-based Prestige Asset Management has signed a product structuring, marketing and distribution deal with Natixis, the second-largest banking player in France

Premium segment to drive HSBC’s retail and wealth business in the UAE

Lender witnessing strong growth in all segments of retail business such as personal loans, credit cards, mortgages and vehicle finance

HSBC Tablet to deliver wealth solutions

New service will allow HSBC’s relationship managers to take the bank to clients anywhere, anytime

For Art Collectors, the Risk Behind the High Returns

Can art be treated as a financial investment like stocks and bonds?

Guernsey And Emerging Markets – It’s A Small World After All

The need to look after developed markets as well as to grow market share in the emerging and frontier territories continues, says Fiona Le Poidevin of Guernsey Finance, who reports from her recent trip to Latin America.

UK wealth manager fails to disclose up-to-date dealing costs

Firm’s True & Fair Campaign has for the past two years accused the industry of covering up costs

Charles Schwab Evolution Reaches Milestone Serving the Wealth Management Needs of Affluent Investors

Fifty percent of client assets now enrolled in some form of ongoing advisory relationship

Coutts may have to pay compensation for giving unsuitable investment advice

Private bank and wealth manager says if clients have suffered financial detriment they will be compensated in full

Wealth managers hit back over claims of ‘murky’ costs

Leading discretionary fund managers have rejected a report’s insinuations that their costs are excessive and opaque.

Guernsey responds to Queen’s Speech; seeks level playing field on beneficial ownership

Guernsey already regulates its corporate service providers who are required to keep records on beneficial ownership and so we believe that we are in many ways ahead of the curve.

Wealth and Asset Management