11/25/2013
UK Wealth Manager Number Drops 20% After Regs On Fees, Commissions
New regulations, including the U.K.’s Retail Distribution Review, make finding financial advice more complicated for wealth-management clients
Wealth and Asset Management
11/24/2013
Lloyds In New St James’s Sale
Lloyds Banking Group is poised to sell a 12% stake in the wealth management firm St James’s Place before Christmas in a move that would reap £390m.
11/24/2013
Advisers still servicing few wealthy clients
These figures show that there is still room for opportunity," BlackRock managing director Mark Oliver told Financial Standard.
11/24/2013
Kleinwort Benson Group Announces Update on Regulatory Process for Proposed Acquisition of BHF-BANK
As a consequence of this, BaFin also confirmed that it had commenced the formal 60 working day review period for the approval of the entire transaction, which will expire on February 18, 2014.
11/24/2013
Raymond James Announces Woman of Distinction Award Winners
Thirteen advisors recognized as Women of Distinction by the Raymond James Network for Women Advisors
11/24/2013
Finance Firms In Deal to Join Forces for the Future
Accountancy firm MGC Hayles has signed a partnership deal independent wealth management specialists Westerby Group.
11/24/2013
Nutmeg Criticises Barclays' Handling of Sub-500k Clients
Nutmeg believes the industry has much further to go to really adapt to the post-retail distribution review world and is disappointed by the treatment of smaller clients.
11/24/2013
For Registered Investment Advisers, Alternatives Go In-House
The shift to managing strategies directly in-house has proved easier for some firms than for others.
11/23/2013
Citi International Personal Bank EMEA Launches Swiss Booking Centre in Geneva
Citi IPB EMEA has announced the launch of its Switzerland Booking Centre in Geneva giving Citigold Private Clients based in the UAE access to the “world's biggest and most exclusive investment centre”.
11/23/2013
Swiss vote no to capping bosses' pay at 12 times lowest paid
The rules would have given Switzerland the world's toughest pay rules and some of the lowest executive salaries.
11/22/2013
High Net Worth Millennials: Investing and Loving It
High Net Worth Millennial investors are nothing if not gung-ho about investing, confident in their investment acumen, and upbeat about their financial futures, according to a Spectrem’s Millionaire Corner study.
11/21/2013
Private Wealth Management Firm Releases New Guide Revealing How Wealthy Invest
The investment guide reveals investment strategies utilized by not only the ultra-wealthy, but major institutions and endowments that create total diversification strategies, utilizing alternative investments to protect, grow and preserve their wealth.
11/21/2013
Resolution In Talks to Sell its Lombard Wealth Management Unit
“A further announcement will be made as and when appropriate,” Resolution said in the statement.
11/21/2013
UBS Targets African Wealthy After Credit Suisse Takes Step Back
UBS is vying with Swiss banks from Julius Baer Group Ltd. to Pictet & Cie. for emerging market millionaires as a global crackdown on tax evasion forces European and American clients to withdraw funds.
11/21/2013
Fly-in, fly-out treasures: ‘Freeport’ airports the new uber-wealth tax haven
The move that started in Switzerland, taking advantage of the tax-free status of bonded stores on airport grounds
11/21/2013
Small Asia private banks at crossroads - exit or acquire
"There will be continued consolidation over the next three to four years. Unfortunately some players will exit with virtually no returns," said Mark Jansen, a partner at PricewaterhouseCoopers.
11/21/2013
China Regulator Orders More Disclosure on Shadow Bank Products: Sources
The China Banking Regulatory Commission will require banks to report detailed information on their holdings of wealth management products beginning in 2014
11/21/2013
Charles Stanley Evercore buy paves way for adviser push
Wealth Manager can reveal that Pan Asset will be rebranded CS Pan Asset and operate as a standalone business under the Charles Stanley umbrella.
11/20/2013
Baby Boomers, Gen-X Obtained Wealth Differently
Generation X investors give more credit to family connections and inheritance as factors in obtaining wealth than most other investors, according to a Spectrem’s Millionaire Corner report.
11/20/2013
Close Brothers Makes Positive Start To Year, Confident In Full Year Outlook
UK-based specialist financial services company Close Brothers Group Plc Thursday said it has made a positive start to the year and remains confident in the outlook for the current financial year.