Managers of Wealth

London Wealthy Courted by UBS as Swiss Banks Pursue U.K. Growth

The world’s largest wealth manager increased assets at its British unit by 15 percent to 31 billion pounds in the nine months through September, he said.

Davy ups presence in North by acquiring Square Seven

Davy Stockbrokers has acquired Northern Irish wealth management firm, Square Seven Financial Planning, which has 400 clients and £75m of assets under management for an undisclosed fee.

HNW Investor Returns at a high, yet, confidence in Financial Service Providers at a Low – what’s the deal?

It’s more than just making money – it’s about: Trust, Transparency & Technology

U.S. HNW Investors Average More Than 4 Provider Relationships - RESEARCH

"Wealth provides many investors with the privilege of benefiting from institutional products and prices across asset managers, and it also grants them the ability to leverage their status among providers and advisors," states Donnie Ethier, asso

Focus on Wealth Pays Off for Wells Fargo

Wells Fargo saw strong growth in its brokerage business during 2013, as rising markets and higher asset flows upped revenue and profits at the wealth management unit.

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.

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.

FIWA snaps up Centric to create wealth giant

The deal, announced yesterday, is understood to be worth about $130 million.

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.

JOHIM rebrands as Waverton

J.O.Hambro Investment Management has rebranded itself as Waverton Investment Management today following the management buy-out from Credit Suisse.

Ashcourt Rowan completes Generali Portfolio Management (UK) Limited acquisition

This acquisition adds c.£215 million in discretionary assets under management and c.£2 million of predominantly recurring annual revenues.

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,

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.

Bermuda’s largest independent bank to acquire Legis Trust business

“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.”

Mirabaud Group appoints new board of directors

These three leading names in academia, law and finance will further strengthen the board of directors of Mirabaud

Nautilus Group opens offices in Hong Kong and Mauritius

‘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.’

Dundee Goodman Private Wealth to Expand Wealth Management Services

The new Dundee Goodman investment advisors manage portfolios with a combined value of approximately $2.0 billion.

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.

Spear's Wealth Management Awards 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.

Ermotti Says UBS Not Considering Investment-Bank Spinoff

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.

Wealth and Asset Management