03/20/2013
Advisers back Wheatley over wealth manager concerns
Wheatley said one of the regulator’s major concerns was the poor customer service provided by some wealth managers
Wealth and Asset Management
03/20/2013
Profits Rise At UK private bank
Customer deposits grew £74m
03/20/2013
Standard Life Wealth to launch Bristol office
Wealth Manager understands the firm will hire an external team to spearhead growth in the region
03/20/2013
Gone, gone, Gonet! - 167-year old Swiss bank
Perhaps a telling indicator of the pressure boutique banks in the region are facing.
03/20/2013
Raymond James warns its capital markets revenues are weak
The Private Client Group continues to make modest progress and our domestic operations are now all on one platform following our successful conversion of the Morgan Keegan accounts to the Raymond James system in mid-February.
03/19/2013
Why Swiss banks are finally starting to settle their forgotten accounts
Millions of dollars lie unclaimed in Swiss banks, but specialist investigative agencies have begun to reunite customers with their unexpected windfalls
03/19/2013
China Enters a “Golden Period” for Private Banks
Nick Yim, Goldman Sachs’ head of China Market, Private Wealth Management, spoke to The Wall Street Journal about the opportunities and challenges of the Chinese market.
03/19/2013
FSA launches consultation on fund pay
The FSA, along with the Treasury, needs to transpose the EU rules into law by July this year – but there will be a one year implementation period after that.
03/19/2013
Barclays to cap hiring even if GDP recovers
Sustained pressure on costs is expected to mean the bank will look to cut more jobs in the coming years
03/19/2013
Africa: Philanthropy 2.0 - Problem or Solution?
Warren Buffett has pledged to give away the bulk of his fortune to philanthropic causes
03/18/2013
Queen’s Bank Woos Wealthy Chinese
The bank currently employs 500 people in its Singapore and Hong Kong offices providing a range of services to exclusive clients including wealth management.
03/18/2013
netwealth launches national advice group
Each business will retain its own brand and general managers who will report directly to Micallef.
03/18/2013
It's Not Right For Bankers To Be Paid So Much - Credit Suisse CEO
“That’s one of the things that the whole transformation of our business model is getting at,” Dougan said.
03/18/2013
Bank of Queensland wins private banking award
Smart Investor credits BOQ as being "the only bank outside the big four with a serious focus on servicing high-net-worth clients".
03/18/2013
7IM opens up platform to rival DFMs and overhauls charging
7IM head of platform Peter Wyatt said the move was a response to adviser demand.
03/17/2013
Gen X And Gen Y Wealth Stagnates
Younger generations used to be successively wealthier, but no moreYounger generations used to be successively wealthier, but no more
03/17/2013
Saffery Champness: Cultural Gifts Scheme to encourage gifts of art to museums
The new Cultural Gifts Scheme that commences on 1 April is intended to encourage gifts and donations of treasures to the nation.
03/17/2013
Hargreaves Lansdown looks at Schroder UK Alpha Plus place on Wealth 150
The Schroder UK Alpha Plus fund returned 254.4 per cent over the 10 years to 31 January.
03/17/2013
Singapore-based banks under pressure to hire more locals
Singapore, a small island-nation with few natural resources, has historically been welcoming of foreigners who tended to take up lower-paying jobs that were not popular with locals.
03/17/2013
The end of Swiss banking as we know it?
Structural change at Pictet and Lombard Odier to corporate partnerships underlines a new reality for Swiss banks. And about time too, says Scorpio Partnership.