Managers of Wealth

RPG rolls out new wealth management platform

RPG, now a fee-based wealth management firm, develops specific plans for clients through an educational approach.

RCBC wealth group eyes P120 B in AUMs

Manuel G. Ahyong Jr., RCBC head of Wealth Management Group, admitted that the more than 100 percent increase in AUMs in the next four years was a “stretched” target.

Leading Swiss private banking group in WM acquisitions talks

Given the early stage of these discussions, the outcome is entirely open.

The wealth firms which will (and won't) be independent post-RDR

Those committed to independence include Equilibrium Asset Management and Investment Quorum

Coutts to offer compensation to customers

Coutts, the taxpayer-backed private bank that counts the Queen among its clients, has begun offering customers compensation likely to run to millions of pounds for bonds missold to them at the height of the financial crisis, I have learned.

Hentsch Pessimistic on Swiss Banks Future Amid Tax Crackdown

Hentsch, whose family members have been bankers in Geneva for seven generations, estimates that about $3 trillion of private wealth is managed by firms in Switzerland.

Commonwealth Private wins prestigious award

“We are very honoured to win this award for the fourth consecutive year; this segment represents the heartland for Australian Private Banking, and it’s a unique achievement for the Commonwealth Private team.

‘Risk assets needed to preserve wealth’

But wealth managers argue that only “risk assets”, such as equities, have the potential to preserve the value of their clients’ portfolios in real terms.

7IM to look at execution-only set-up for advisers

The service, which 7IM plans to launch in the next 18 months, would allow investors to view their portfolios and make transactions.

Credit Suisse replaces UBS in Swiss doghouse

The Zurich rivals tend to enjoy contrasting fortunes. For much of the last decade, UBS was a model of relative stability, while Credit Suisse grappled with scandals and the fallout from ill-judged acquisitions.

Many advisers not ready for RDR regime

At the same time, firms will have to change the way they describe their advice – choosing to declare their range of services as either “restricted” or “independent”.

Wealth managers defy gloom to splash out on headcount

Wealth managers are on a hiring spree as they seek to take advantage of a steady rise in the number of millionaires across the world despite the economic environment.

SNB Urges Credit Suisse, UBS to Build Capital as Crisis Worsens

The comments come as eurozone troubles continue to heat up and the Swiss National Bank admitted that economic and financial conditions in the country’s banking and mortgage sectors have deteriorated since June 2011.

EQT establishes Private Wealth division

Rimmer, most recently chief executive officer of adviser group Financial Services Partners, will take responsibility for the strategy and business development of EQT's new division.

India replaces Spain as top 10 wealth market - Datamonitor

Despite continued setbacks in the global wealth market, affluent individuals will rise by 20 million per year, and India will continue to climb within the top 10 wealth markets list, research by Datamonitor has suggested.

Expats ‘chasing their fortunes’ in China

Sixty-nine per cent like the career advancement the country offers them, while a much lower proportion enjoy the exciting culture (48 per cent) and the Chinese people (43 per cent).

Smith Barney unit to be called Morgan Stanley Wealth Management

Speaking to investors at the company's U.S. Financials Conference in New York, Mr. Gorman for the first time acknowledged a name change for the brokerage will occur.

HK regulator bows to private banking demands

Private bankers in Hong Kong had sought rule changes to address concerns that the city is falling further behind Singapore – the leading Asian wealth management centre – particularly as more wealthy Chinese look to move their money outside the

EQT establishes Private Wealth division

Equity Trustees Limited has established a Private Wealth Services division under the leadership of newly recruited executive, Geoff Rimmer.

Charles Stanley profits drop 37% on euro woes

Charles Stanley, the stockbroking and investment management group, reported pre-tax profits fell 37% to £8.5m for the year ended 31 March 2012.

Wealth and Asset Management