Managers of Wealth

Swiss Banks Pitch Neutrality to Lure Wealthy U.S. Clients

Approach by Pictet, Vontobel, UBS Comes Amid Rising Geopolitical Uncertainty

UBS chairman says smaller banks to merge, large banks already too big

Swiss bank UBS's chairman Axel Weber expects mergers among smaller banks in Europe, mainly in the retail sector, while larger lenders were less likely to join up due to regulatory concerns.

How banks are edging back into wealth advice sector

Banks are scrabbling to compete in the wealth advisory market by shifting to a culture of open architecture using third-party asset managers

British Bank Tries To Rein In Its Horrible Jerk Bankers A Bit

Barclays may start cutting pay to punish senior bankers who bully their underlings.

Money magnets

Lebanon’s wealth management business is small, but private banks want to change that

Scottish wealth manager launches personal OEICs for wealthy clients

He said the wealth manager has made the move in response to demand from high net worth clients for a cost-effective way to manage their wealth.

Equilibrium has more than the right balance

Wealth management firm Equilibrium has hailed a record year that saw it break the £4m turnover barrier.

Beacon Gains European Status

Cambridgeshire based, Chartered Independent Financial Advisers, Beacon Wealth Management has added yet another status to their award-winning services.

BMO Harris Private Banking Named Best Private Bank

We're thrilled and honoured to be receiving this award once again

RBC Head Calls for Tailored Broker Fiduciary Rules

An extension also must acknowledge that certain essential broker functions could not survive under the same fiduciary standard that governs investment advisors, adds Taft on a conference call with reporters this week.

Wealth effect may one day stop being so great for wealthy, says wealthy person

Schwarzman’s gratitude is appropriate.

Singapore Yacht Show And Wealth-X Announce Knowledge Partnership

The partnership will extend to joint presentations both in Asia and Europe on the opportunities for yachting companies to capitalise on fast growing private wealth and changing tastes in Asia.

Edmond de Rothschild IP raises €300m for new fund

Edmond de Rothschild Investment Partners says it has raised €300m from institutional investors in less than a year for its Winch Capital 3 fund.

British Virgin Islands targets rich mainland Chinese

Territory wants to attract those seeking helpin succession planning and setting up trusts

Jersey funds business back to £200bn mark

The latest figures for all sectors of Jersey’s finance industry show stability and signs of new growth, led by the funds sector where the value of funds business passed through the £200 billion mark for the first time since June last year.

Raiffeisen Asset Management profit up 50% in Romania in H1

In this period, the company’s revenues from management of investments amounted to RON 33.7 million (EUR 7.5 million), over the results posted the year before.

Quilter Cheviot rejects £600m Old Mutual bid as Investec lurks

A flurry of deals has been accelerated by regulatory reforms known as the Retail Distribution Review, which have altered the way that wealth managers are remunerated for their work, shifting from a largely commission-based system to one predicated upon th

After Merill Lynch merger, Julius Baer grows in Lebanon

The group noted in its presentation that the integration of Merrill Lynch’s international wealth management business entered its final phas

ABN Amro rises again

Singapore's oldest surviving bank says Republic is critical to its growth

The GCC continues to be a standout region for wealth creation

Some of these newly affluent clients are the product of market performance and the broader impact of GCC economic growth. Others are Arab, Asian and Western expatriates. This is driving overall demand for basic investment services and financial planning,

Wealth and Asset Management