Managers of Wealth

EverBank unveils wealth company

The institutional-level approach also connects individual investors to a wider variety of sophisticated products and investment opportunities.

Managers advised to downshift their focus to ‘core millionaires’

The report says that – to capture pre-financial crisis levels – private banks need to expand their focus beyond the ultra-wealthy clients to serve so-called “core millionaires”, who are expected to generate 80 per cent of net new r

Wealth chiefs demand greater FSCS levy transparency

Killik & Co founder Paul Killik estimates the FSCS levy and interim levy will cost the firm roughly £500,000, around the same as last year, and is disappointed by a lack of transparency over how the scheme arrived at the figures.

French banks BNP, SocGen slash bonuses

BNP Paribas and Societe Generale, France's two biggest listed banks, said on Monday that they were slashing their annual bonus pool for traders and top bankers after the sector was slammed by funding and capital concerns last year.

Williams de Broë CEO steps down

He had served at Williams de Broe since 2010 and had overseen the acquisition of the wealth management business' parent Evolution Group by Investec last year.

AMP 'on track' to meet Axa deadline

AMP is on track to meet its deadline to integrate the giant wealth management business with Axa Asia Pacific (APH) by early next year after a protracted three-year takeover saga.

Baird To Continue Wealth Management Expansion

Baird’s financial advisor force totals almost 700 following the hiring of more than 250 financial advisors and branch managers since 2009.

AXA : pursues commitment to cultural philanthropy

On the 3rd of May, French Minister for Culture and Communication Frédéric Mitterrand announced the acquisition by the French State, for the Louvre Museum, of the Pietà with Saint John and Two Angels attributed to Jean Malouel, thanks

German wealth managers to ‘outgrow the Swiss’

German listed wealth managers have better growth prospects in their home market than equivalent companies in Switzerland, long considered the heart of Europe’s private banking industry, new research shows.

Executives hit back at 'rewards for failure' claims

The growing revolt over executive pay is threatening to engulf a string of major companies over the coming weeks, including William Hill, Standard Chartered, Unilever and WPP.

Passage to India's riches runs far from smooth

Schroders’ decision to buy a stake in an Indian fund management company at the end of last month underlines the asset management industry’s interest in a potentially large but challenging market.

Investment Potential in Africa highlights need for sound public policy

The rise of the middle class and the increase of wealth in private hands in Africa signal great opportunities for growth for the continent and investors.

Credit Suisse Continues Americas Buildup, Plans More Office Openings

The unit of the Swiss bank, which focuses on clients with $10 million or more in investable assets, has 570 relationship managers, or RMs, the firm's name for financial advisers, in the region, 420 of which are in the U.S., and has more .

First firms complete Axa Wealth transition programme

This will be achieved through combining global best practice within the firms with peer interaction that can be used to future-proof the organisation.

Rich Malaysians grow wealth aggressively

A study covering nine Asian markets described rich Malaysians as ambitious and aggressive in growing their wealth, with 75% aiming to be worth about US$4mil (RM12mil) within the next 10 years.

Coutts undergoes major restructure for RDR

‘Reshaping of the UK business progressed to the next phase with the restructure of key professionals in client servicing,' RBS said.

Arts attract philanthropic funds

Funds for projects ranging from direct support of artists to acquisition of works and related community development projects accounted for $5.28 million of the $23.2 million in grants to organisations from clients of the multi-family office last year.

Wealth and Asset Management