Managers of Wealth

Rathbones wins Investment Manager of the Year at the Charity Times Awards 2012

Rathbones was lauded as showing outstanding commitment to the sector and consistent good performance at the Lancaster London hotel last week.

Investment bonds being mis-sold by advisers, wealth manager claims

When the Retail Distribution Review (RDR) takes effect from 31 December 2013, funds will no longer be allowed to pay commission to advisers for selling their products. Instead, IFAs will have to charge upfront for their advice.

Fieldpoint Private Wins Global Private Banking Award

Private Wealth Firm Earns Editor's Special Award From Private Banker International

Swiss private banks are looking for footholds in Latin America

“A lot of people used to keep their money in Geneva but that doesn’t happen anymore,”

EFG International further reduces its stake in EFG Financial Products

EFG International's stake in EFG Financial Products has reduced to just over 20% as a result of the over-allotment option being exercised in full.

SEI Expands Long-Term Relationship With SunTrust

SEI has announced that it has extended its multi-year strategic partnership with SunTrust Banks, Inc. through 2020. As part of the new agreement, SEI will now handle securities processing functions for SunTrust's Private Wealth Management business.

RBC Wealth Management's global strength recognized with three Private Banker International awards

We are extremely proud to see RBC Wealth Management recognized for its strength

Coutts CEO Rory Tapner Named "Outstanding Global Private Banker"

The award was announced at the 22nd annual PBI Wealth Management Summit in Singapore. Since first being held over two decades ago, the event has grown significantly and now draws a large number of influential industry specialists, private bankers and exe

Raymond James reports record annual net revenues

Raymond James Financial has reported record annual net revenues for the fiscal year 2012 of $3.8 billion, up 14 percent from last year, and record annual net income of $295.9 million, up 6 percent from last year.

SEIC Investments 3Q profit rises 3 percent

SEI Investments reported net income of $50.7 million, or 29 cents per share

UBS Global Asset Management Chronicles the Evolution of the Asset Manager

Emphasis is moving away from performance relative to benchmarks and toward investor outcomes

ANZ nets solid profit despite wealth management

The Group invested $1.3 billion in targeted growth initiatives in 2012 with productivity improvements driving flat expenses HOH and positive revenue/cost jaws YOY and HOH.

Credit Suisse Third-Quarter Profit Falls on Own Debt Charge

Private Banking with 3Q12 net revenues of CHF 2,591 million and pre-tax income of CHF 689 million

Barclays Crowned Best Private Bank At Triple A Investment Awards

Barclays also won ‘Best Private Bank – India’ for the second year running, and ‘Best Private Bank – Japan’ for SMBC Barclays, a private banking joint venture between Sumitomo Mitsui Banking Corporation (SMBC), Barclays

64% investors would stop using their IFA if they began charging an hourly rate

The findings come from Legal & General Investments' What Matters Investment Index which investigates investors' views of the market which is now in its third year.

Skandia: ‘We don’t want to be SJP’

Skandia is planning some big structural changes ahead of the Retail Distribution Review

AWD demands advisers cut clients to improve service

The national IFA has told around 50 of its 200 advisers who advise more than 250 clients to cut numbers by January.

UBS ready to take axe to investment bank

Executives of the bank were locked in a board meeting in New York on Tuesday to thrash out details of the plan.

J.P. Morgan Gets Stung by China Downturn

Fund Run by Bank Loses High-End Residential Tower to Foreclosure as Rules on Property Purchases Hit Luxury Market

Custodians of great fortunes target Gulf

There is nothing remotely downmarket, or even middle-market, about Coutts, the British bank that has, traditionally, advised the monarchs of the United Kingdom on their financial affairs.

Wealth and Asset Management