Managers of Wealth

Investment concerns of the wealthy

Many high net worth individuals are concerned about decisions to reduce the equity exposure in their portfolios, especially against the background of the tax costs such a decision would trigger.

Close Brothers has delivered another strong result

Asset Management continued to make good progress with 7% growth year to date in Assets under Management to £9.7 billion

Rathbones' profits surge 33% despite £15m legal payout

Whilst we believe that the underlying Jersey claim would eventually prove unsuccessful

Brooks Macdonald poised to complete takeover as assets grow 28%

We expect to exercise the option to acquire Levitas imminently

Macquarie spends $49 million to fix private wealth

Macquarie also came under fire as a Senate committee report last month recommended a royal commission

HNWIs money’s should be invested globally, directly

Not being content with an SA fund invested abroad.

Nedbank Private Wealth stays ahead of the game

To be awarded the designation Chartered Wealth Manager, applicants must achieve a combination of high level qualifications, demonstrable maintenance of competence and the passing of the CISI ‘Integrity Matters’ test at the highest grade.

UBP Says Lloyds Monaco Unit Boosts Client Assets

As at 30 June 2014, UBP had posted net earnings of CHF 82 million

Half of investors say wealth manager fees still not transparent

Somewhat alarmingly, 50 per cent of investors receiving advice still don’t feel the fee structures are truly transparent.

Scots fund house will be sold to American investor

Active International Equity Specialist with Close to US$10 billion in AUM

Standard Chartered defends Peter Sands from attack

Chief executive Peter Sands is credited with devising the "Balti bail-out" that saved Britain's banks but is now under fire himself

Swiss private banking business changes hands

Details of the transaction weren’t disclosed.

Brewin Dolphin managed assets up 2 percent in June quarter

Continued growth of net external organic funds into our core discretionary service in line with our 5% per annum long term target. An additional 2% annualised growth in net funds due to successful conversion from advisory services.

Swiss Bank EFG Sets Aside $24 Million for US Tax Fine

“First-half results were adversely impacted by exceptional legal and regulatory expenses,” Chief Executive Officer John Williamson said in the statement. “I remain optimistic about the future, with the prospect of fewer distractions and

Leading private bank quitting the island

The international firm is pulling the plug on the provision of banking and wealth management services from the island.

Succession acquires eighth IFA

Succession has acquired a Halifax-based advice firm for £3m

Credit Suisse Posts Biggest Loss Since 2008 After U.S. Fine

Credit Suisse Group AG reported its biggest quarterly loss since the collapse of Lehman Brothers in 2008, due to a 1.6 billion Swiss franc (1 billion pounds) charge taken following a May settlement with U.S. authorities over tax evasion charges.

HSBC Premier awards its communication mandate to L&K Saatchi & Saatchi

HSBC has awarded its communication mandate to L&K Saatchi & Saatchi for the re-launch of its Premier offering in India.

Singapore set to overtake Switzerland as world’s largest wealth management hub: report

Bankers are in very great demand.

Arbuthnot pre-tax profits up 368%

Pretax profit rose to 9.5 million pounds from 2 million.

Wealth and Asset Management