01/13/2014
Rathbones, Quilter Cheviot & Towry circle Jupiter wealth arm
A clutch of private-client investment firms, including Rathbones, Towry and Quilter, is believed to be looking over the business, estimated to be worth £50m.
01/13/2014
Wealthy avoid taxes by moving assets to no-tax states
The maneuvers are getting fresh scrutiny from officials in states including New York, which is losing an estimated $150 million a year through such tax avoidance.
01/13/2014
FIWA snaps up Centric to create wealth giant
The deal, announced yesterday, is understood to be worth about $130 million.
01/13/2014
Hongbaos given out to very rich clients by private banks
The finishing details of the hongbaos often reflect the hierarchy of the private banking relationships.
01/13/2014
J.O.Hambro Investment Management has rebranded itself as Waverton Investment Management today following the management buy-out from Credit Suisse.
01/13/2014
This acquisition adds c.£215 million in discretionary assets under management and c.£2 million of predominantly recurring annual revenues.
01/13/2014
SocGen Private Banking Hambros hires JP Morgan man
He joins as a senior portfolio manager from JP Morgan Private Bank where he worked for eight years,
01/13/2014
Former Morgan Stanley wealth management head joins RiverPeak
He was head of private wealth management for Europe, the Middle East and Africa at Morgan Stanley between 2002 and 2005.
01/13/2014
“The acquisition of Legis Group’s Guernsey trust operation adds further scale to Butterfield’s international trust business, and adds to the strength and depth of our specialist trust team internationally.”
01/13/2014
These three leading names in academia, law and finance will further strengthen the board of directors of Mirabaud
01/13/2014
‘The expansion of our business operations will also see some members of our Jersey team undertake secondments, for training and development purposes, in our new offices.’
01/13/2014
The new Dundee Goodman investment advisors manage portfolios with a combined value of approximately $2.0 billion.
01/12/2014
Swiss private banking shaken up by key players’ shift
The exclusive Swiss private banking sector has been revolutionised by key players Pictet, Lombard Odier, and Mirabaud, amid a tough new regulatory environment and a crackdown on tax cheats.
01/12/2014
Spear’s is pleased to announce the categories for the 2014 Spear’s Wealth Management Awards, to be held in late October in central London.
01/12/2014
UBS AG Chief Executive Officer Sergio Ermotti denied speculation that Switzerland’s biggest bank will spin off its investment-banking business to meet regulators’ demands for holding more capital.
01/10/2014
China’s financial advisory business has boomed with the country’s economy in the past several years.
01/10/2014
As a result of this acquisition, Andbank will close 2013 with more than $17bn in assets under management which doubles its size in the last five years.
01/10/2014
Lighthouse Group has sold its 50.1 per cent stake in Bristol-based wealth management firm Deverill Black & Co to Towry for £501,000.
01/10/2014
The RDR has been hugely disruptive but it is hard to argue against the benefits
01/10/2014
The most aggressive millionaire investors have the most confidence in their knowledge of financial products and investing.