07/01/2012
The fees totalled nearly $14 billion in the second quarter, down from more than $18 billion in the first quarter of 2012. Year to date, fees have totalled $32 billion, down 25 percent from the same period in 2011.
07/01/2012
Vontobel would consider acquiring an asset management firm overseeing as much as 25 billion Swiss francs ($26.4 billion), the Swiss newspaper quoted Schwarzer as saying.
07/01/2012
The White Paper, entitled, ‘The RDR Inquiry’ was independently commissioned and not designed to reflect the opinions of 2plan or its members.
07/01/2012
Heartwood has announced that it will be offering its model portfolios via the Novia platform.
07/01/2012
Private wealth fell 0.9% to $38 trillion in North America in 2011, yet rose 10.7% to $23.7 trillion in the Asia-Pacific region. Welcome to the new reality of a so-called "two-speed world."
07/01/2012
Coutts creates framework to align job roles globally
Coutts has created a global career framework that clearly defines career levels and job roles to make its reward and pay more transparent across 12 countries.
07/01/2012
The new French Socialist government has promised to reinstate the country’s old wealth tax rate and increase income tax
07/01/2012
Former consultant takes over financial adviser Dunedin's assests
The remaining assets of a collapsed independent financial advice firm in Glasgow have been taken on by one of its former consultants.
06/28/2012
There are 14 areas that are evaluated, including assets, liabilities, total income, net attributable profit and return on assets, collating data on real size, real growth, and percentage growth.
06/28/2012
Many big firms are trying to make financial planning a lot more gay-friendly.
06/28/2012
Under the legislation, there will be a limited licensing obligation for small funds, while the so-called business partner model will be created for administrators, risk managers, investment fund distributors and prime brokers.
06/28/2012
It was an effort to demonstrate the Vatican’s latest attempt at modernity and transparency – and came just before a key meeting next week of international anti-money laundering experts.
06/28/2012
In Switzerland, 58 percent of private banking clients have lost confidence in the financial system. Forty-four percent worry about inflation.
06/28/2012
Client inflows will at least match last year’s 7.2 billion Swiss francs ($7.4 billion), helping to maintain profitability, Droux said in an interview in Solothurn, Switzerland. The bank is targeting 7 billion to 8 billion francs, he said.
06/28/2012
Banks saw their wealth products become much more popular last year after the inflation rate began to outpace deposit interest rates by the greatest distance seen in three years. That trend is continuing this year.
06/28/2012
Further to its statement of last Friday and in response to media reports about its second quarter financial performance, Credit Suisse informs that it expects based on quarter-to-date information to be profitable at the Group level and in all its division
06/28/2012
The Firm remains well-recognized in the investment community with an internal team of professionals dedicated to its efforts in the area.
06/28/2012
To date, the Fund has attracted strong interest from existing investors and clients who are new to the firm.
06/28/2012
The firm said this would be aided by an internal platform, developed by SEI, which has been designed to handle volume.
06/28/2012
Top asset managers from around the world gathered in Monte Carlo this week to discuss how to handle their business in the midst of a sovereign-debt crisis they expect could last for several years.