07/07/2013
Vestra Wealth buys out Goldman
Vestra now has 22 partners and controls £3.6 billion in assets under management.
Wealth and Asset Management
07/07/2013
Ashcourt Rowan opens Exeter office
Wealth management group Ashcourt Rowan has strengthened its presence in south-west England
07/06/2013
Expats rush to send more cash home from UAE as value of dirham soars
Business at currency exchanges surged by as much as 25 per cent after the dollar hit a three-year high, boosting the value of dirhams sent home by expatriates.
07/04/2013
UBP to shed 300 jobs after Lloyds unit purchase
Union Bancaire Privee (UBP) plans to cut around 300 jobs from the international private banking arm of Lloyds Banking Group Plc which it just bought
07/04/2013
HSBC to exit from wealth management in Korea
That leaves behind its global banking and markets business, which serves corporate clients.
07/04/2013
Monetary Authority of Singapore sets out post FAIR adviser industry concerns
The Private Banking Advisory Group launched the Private Banking Code of Conduct in 2011
07/04/2013
Fitch Affirms 3 Swiss Private Banks; EFG International's Outlook Revised to Stable
Fitch Ratings has affirmed Pictet & Cie's (Pictet) and Lombard Odier & Cie's (Lombard Odier) Long-term Issuer Default Ratings (IDRs) at 'AA-' and Viability Ratings (VRs) at 'aa-'. The Outlooks on Pictet's and Lom
07/03/2013
Where Arbuthnot believes the best growth opportunity lies
Arbuthnot Latham expects to receive its full Dubai banking licence next month and is eyeing further international expansion to boost growth.
07/03/2013
TCC responds to Clive Adamson’s speech on the FCA’s approach to supervising wealth management and private banking firms
The FCA will be delving deep into the firms they are supervising to better understand the market and understand fully the end to end process that a customer experiences.
07/03/2013
Wealthy individuals 'see education as asset'
Wealthy Chinese are showing their appetite and spending patterns in luxury markets.
07/03/2013
Wealthy Appetite: HNWIs gobbling up European prime property
Very few agents can go toe to toe with Beauchamp Estates on sheer net-worth-per-client.
07/03/2013
Wealth manager apathy leaves investment trusts ‘vulnerable to corporate raiders’
This lack of demand for the funds’ shares has left them trading on wide discounts to the underlying value of their portfolios,
07/03/2013
Edmond de Rothschild in major restructure
Following news its Paris-based fund selection chief was leaving
07/03/2013
Seven IM teams up IFAs, accountants and solicitors
Seven Investment Management has started a programme of bringing solicitors, financial planners and accountants together
07/03/2013
Oldest French-Swiss private bank bulks up with merger
The oldest private bank in French-speaking Switzerland to offer a variety of investment funds alongside its traditional wealth management services.
07/03/2013
Tax relief for charities and donors increased to £4.09bn in 2012/13, HMRC reveals
Figures show that charities claimed £3bn and donors claimed £1.09bn, including £510m from inheritance tax and £40m in payroll giving
07/02/2013
PCI and Charity Estimates – Q2
The Q2 2013 performance estimates for the ARC Private Client Indices and ARC Charity Indices are now available.
07/02/2013
Investec Wealth & Investment’s Ashes 2013 Cycle Challenge team have broken the £100,000 fundraising mark
Over 70 cyclists, including staff from IW&I and their guests, are participating in the ride which will cover all five Ashes Test grounds in five days in mid-July. The target is to raise £200,000 in total.
07/02/2013
BNP Paribas Wealth Management wins prestigious awards
In addition, BNP Paribas Wealth Management was awarded as one of the Top 3 Best Private Bank in China and Top 3 Best Private Bank in Taiwan, in the foreign category.
07/02/2013
2plan Wealth Management post first profit
Keeping on top of overheads and investing in technology, particularly “bespoke” software, had also improved the firm’s financial performance,