Managers of Wealth

Hargreaves Lansdown’s funds post a record £4.7 billion leap

Financial services group, saw a record rise of £4.7 billion in the funds it manages in the last three months, taking the total to £35.1 billion.

Swiss private bank acquires majority shareholding in Italian private bank

Based in Milan and with offices in Rome, Bologna and Reggio Emilia

Morgan Stanley posts $958 million profit as wealth management grows

The company's investment banking unit brought in less revenue from trading bonds and commodities

Wealth management businesses performs well at Boston Private

"Our Wealth Management businesses performed well in the quarter," said Clayton G. Deutsch, CEO and President.

UBS Seen Winning as Wealth Management Emulates Pimco

The shock therapy was offered to Najia and 34 other client advisers of the world’s second-biggest private bank as part of an effort to jolt them into reinventing the wealth-management business.

Goldman Sachs private bank wins UK licence

The UK entity is authorised to carry out several functions, including: deposit-taking; advising on investments; dealing on an agency and principal basis; and the safeguarding and administration of assets, according to the FCA filing.

Am Law 100 Foursome Advise on $1.3 Billion Wealth Management Sale

Announcement comes about two weeks

Wermuth Asset Management significantly outperforms Russian market

Wermuth Quant Eastern Europe Strategy Fund has been one of the best-performing funds with returns of 20.3%, the company said in a statement.

FCA flags up Barclays as the most complained about bank

The bank was keen to deflect its poor complaints record.

GAM Holdings' assets rise in spite of outflows

From 31 December 2012, Group assets under management have risen by CHF 2.8 billion or 2%. At CHF 119.0 billion, assets are currently CHF 8.4 billion higher than on 31 March 2012.

Hargreaves Lansdown expects no RDR 2 surprise after record Q1

Hargreaves Lansdown does not expect any surprises from the second instalment of the retail distribution review (RDR) after a record breaking performance for the firm in the first quarter.

Q2 WM Outlook: wealth managers defy gains with record US exposure

Wealth Manager conducted the survey during the week leading up to Easter as the Dow continued to set new record daily highs and the S&P 500 broke through its nominal pre-crash high.

Canada asset manager up for sale

Possible acquirers could include the big Canadian banks, several of whom have said their growth priority is in wealth management.

Wealth management services provider to sell itself for about $1.01B

The New York firm is led by Jessica Bibliowicz, the daughter of former Citigroup CEO Sandy Weill.

Ex-Freshfields chief to join Rothschild as German boss

He will replace Rupert Hengster, who headed the group’s German base since the launch of the asset management arm in the country in 2010.

Face Time With Clients Priority for Wealth Management Firms

Wealth management firms want advisors to spend more time with clients

Chinatrust introduces new wealth management service

Our customers' needs as a family are the main focus of our wealth management services

Webster Bank Ups Revenue from Wealth Business

Webster Bank’s push to expand its wealth management business is making a difference in the bank’s financial performance

Bank bonus cap rules get EU nod

“This aims to put an end to the excessive risk culture which led to taxpayer bail-outs and bank collapses.”

Rich, sick and idle – misconceptions of the wealthy

Ledbury surveyed 500 UK-based high net worth individuals with at least £500,000 (€588,000) in liquid assets.

Wealth and Asset Management