04/24/2013
Raymond James profit up on private client results
Though its capital markets business saw weaker profits.
Wealth and Asset Management
04/24/2013
SJP funds under management grow 12% in Q1 to £39bn
Continued significant growth in new business with funds under management up £4.2 billion to a record £39 billion
04/24/2013
Post-RDR business upswing triggers Beacon Wealth hires
Cambridgeshire-based Beacon Wealth Management has put its recruitment plans into place earlier than expected
04/24/2013
UK wealth managers enduring post-RDR slump in confidence
A study from Pershing examines the extent to which UK wealth managers are being forced to re-examine their value proposition in light of the implementation of the RDR.
04/24/2013
Tier One's ex-Coutts duo insist suitability doesn't mean standardisation
While it remains to be seen how this will play out under the Financial Conduct Authority, recent start-up Tier One Capital – founded by former Coutts managers Stephen Black and Ian McElroy - is trying hard to walk the line between these two extremes
04/23/2013
China to increase scrutiny on wealth management products
China will heighten oversight on wealth management products in 2013 by taking a closer look at money flows off banks' balance sheets to reduce financial risks at a time when growth is slowing in the world's No. 2 economy.
04/23/2013
EFG International completes sale of remaining stake in EFG Financial Products
The transaction, which was announced on 12 March 2013, was closed on 23 April 2013.
04/23/2013
Credit Suisse Profit Soars in First Quarter
High returns, strong client franchises, reduced cost base and lower risk- weighted assets:
04/23/2013
Barclays first quarter profits fall 25%
Barclays expects to make a further £500m charge later this year.
04/23/2013
CWB to invest in wealth management firm
With assets under management approaching $1 billion, the investment strategies and services of McLean & Partners are an excellent
04/23/2013
7IM profits up 12% despite £123k FSCS hit
Despite the cost of the additional levy, the strong asset numbers combined with continued tight cost control.
04/22/2013
UBP picks Guggenheim Fund Solutions to power hedge fund platform
Our agreement with Toshiba marks a tremendous milestone in our long history of working closely together
04/22/2013
Ameriprise profit up on wealth-management strength
Ameriprise has generally reported higher operating earnings over the past three years
04/22/2013
HSBC to scrap over 1,100 wealth management jobs
HSBC will cut 3,166 wealth management jobs based in the UK
04/22/2013
Fund and wealth managers unite to criticise the EU
enior players in a raft of City firms have signed up to Business for Britain
04/21/2013
Private banks back to puff Asian order books
"There is a lot of money on the sidelines to be put to work," said a private banker.
04/21/2013
Private banks must revamp to regain clients
Fund-of-hedge-fund executives say they are seeing growing discontent towards private banks by high-networth investors.
04/21/2013
Brooks Macdonald discretionary FUM up 7.6%
Brooks Macdonald Group has announced an update on its funds under management for the quarter ended 31 March 2013.
04/21/2013
Coutts launches new range of payment cards
The Silk Charge Card and Black Credit Card
04/21/2013
Assets up 18 pc at SYZ & CO
2012 saw quieter conditions, thanks to the relative easing of fears that the Eurozone might break up and the European financial system might collapse.