Managers of Wealth

Shipwrecked silver begins voyage back to Spain

Two Spanish military C-130 cargo planes took off after noon from a Florida Air Force base with 594,000 silver coins and other artifacts aboard.

Sarasin sells NZB in bid to isolate U.S. assets

Sarasin is looking to distance itself from NZB, one of at least 11 Swiss banks targeted in the second wave of a U.S. tax probe also targeting Credit Suisse and Julius Baer .

HSBC stops providing another private banking service in Japan

"I am writing to you today to inform you with regret that we will be discontinuing our HSBC Premier service in Japan," HSBC said in a release addressed to the clients of the service.

Crescent Wealth partners with US fund manager

Australian Islamic fund manager Crescent Wealth has partnered with US Islamic fund manager Saturna Capital to manage its soon to be launched international equity fund.

Cash-rich Latin Americans help resuscitate Miami real estate

Many Latin Americans have long had a love affair with Miami, but rarely has it been so intense -- as least judging by the property market.

Mishcon harnesses private client nous with advisory launch

It will also offer concierge services - an extension of the 24–hour, 365 days a year global concierge service the firm launched in conjunction with leading luxury lifestyle group, Quintessentially, in 2010.

UBS investment bank essential-private bank head

"In any case, it is important that the investment bank is geared to client business. The investment bank must also be profitable," Zeltner said.

French wealthy eye escape exit as tax burden rises

However, the prospect of a Socialist in the presidency for the first time in 17 years is particularly worrying the wealthy.

What happens when your figurehead suddenly dies?

Succession planning is a phrase that only the brave whisper within partnerships.

Russia to sell precious metals, jewels worth $383m in 2012

The repository also plans to buy up to three tons of gold for five billion rubles and diamonds from the country's state-owned diamond monopoly Alrosa for four billion rubles this year to replenish the reserves.

Credit Suisse temporarily suspends issuance of ETN product

As disclosed in the pricing supplement relating to the ETNs under the heading "Risk Factors—The Market Price of Your ETNs May Be Influenced By Many Unpredictable Factors," the market value of the ETNs may be influenced by, among other thin

Leadership: It's a Female Thing

The loft was filled with talented and accomplished women of wealth -- women who were personally wealthy or those who pulled the strings at some of New York's top financial institutions.

Luxury Home Values Stable in Fourth Quarter of 2011

First Republic Bank produces the Prestige Home Index each quarter with Fiserv CSW Inc., a leading provider of automated property valuation services and home price metrics to U.S. financial institutions.

RBS loses £2bn and hands £785m in bonuses

The Royal Bank of Scotland has risked taxpayer fury as its bonus payments outstrip the size of its losses in 2011.

Bank Sarasin Profit Declines 22%

Bank Sarasin & Cie. AG, the Swiss wealth manager being acquired by Safra Group, said full-year profit dropped 22 percent as clients withdrew money in the second half.

MPACT Financial Establishes Itself as an Independent Wealth Management Company in Dallas

MPACT helps individuals, families and business owners manage risk in all phases of investing with an exclusive focus on Retirement Strategies, Estate Conservation and Business Succession Strategies.

SJP rolls out code of conduct for advisers on trail

Wealth manager St James’s Place (SJP) is rolling out "minimum service standards" for its advisers to ensure trail commission and ongoing fees are being levied fairly.

New wealth management division explores scaled advice

The decision to explore limited or scaled-advice options stemmed from demand by the company's bank customers for Bendigo and Adelaide Bank's low-cost super offering, SmartStart Super, Tullio said.

HSBC To Overhaul UK Bonuses

HSBC, which will report its full-year results for 2011 next Monday, is to issue tens of millions of pounds in new shares to cover any bonuses of more than £50,000 awarded to UK-based employees, people close to the bank tell me.

Chastened UBS uses 150th events to polish image

The bank has been back in the headlines for the wrong reasons this month after it posted poor results for the last three months of 2011 and over its involvement in a global inquiry into a conspiracy to manipulate interbank lending rates.

Wealth and Asset Management