05/07/2020
Wealth management group reports better start to second quarter trading
There was £35.9bn in the investment management business (December 31, 2019: £43bn), and £6.8bn in the unit trusts business (December 31, 2019: £7.4bn).
Wealth and Asset Management
05/06/2020
LGT to create three independent companies focusing on private banking, asset management and impact investing
In its year to date performance, LGT recorded positive net asset inflows and further revenue growth.
05/06/2020
Financial Wellbeing In Scary Markets
Coping with the uncertainty
05/06/2020
Big Four Bank Restructures Private Client Arm
A big four bank has restructured its private wealth advice arm to sit within its broader retail banking division, in a move the bank says will better support client needs.
05/06/2020
Credit Suisse Staff Told to Expect Return to Work in Four Phases
Banks across the world are telling employees to expect further weeks and months away from their desks.
05/06/2020
Mishcon de Reya opens office in Singapore as it shifts international focus to Asia
As a licensed Foreign Law Practice in Singapore, the office will not be undertaking Singapore law related work save in those areas permitted by its licence, such as international commercial arbitration.
05/06/2020
Ashburton Investments partners with JTC
The agreement will provide clients in Ashburton’s Jersey domiciled funds and nominee service with an enhanced administration service, delivered through the latest advances in fund administration technology.
05/06/2020
Hightower Makes Strategic Investment In $1.4B Ohio Advisory Firm
Cincinnati advisory business, with $1.4 billion AUM finds synergy with Hightower's culture and focus on growth
05/06/2020
SANNE announce deal completion to acquire Inbhear
This deal is a fantastic opportunity for SANNE as it further strengthens its expertise in Dublin and adds a new strategic location like the Cayman Islands to their global office network.
05/06/2020
Lessons to Be Learned From Falcon's Demise
The Swiss financial market has long held the view that a portfolio with assets below 10 billion Swiss francs as insufficient to survive in the long run.
05/06/2020
Fairstone buys two IFAs in continued acquisition spree
Adds £200m FUM
05/06/2020
Wealthy investors are holding more cash, UBS says they're wrong
Wealth manager says that now is the time to diversify into riskier, higher-yield asset classes rather than head to the hills
05/05/2020
Review of the week: Victory is coming
This Friday we remember the victory of an older generation. They won peace and reshaped the world, becoming a timeless example for humanity, argues our chief investment officer Julian Chillingworth.
05/05/2020
J.Safra Sarasin hands thematics head new sustainable healthcare fund
The Fund also invests in leading companies in the areas of nutrition, fitness, health technology and home health infrastructure.
05/05/2020
Huishang Bank opens wealth management unit
China’s Huishang Bank has launched its wealth management subsidiary, reported xinhuanet. The commercial lender received the regulatory nod to launch a wealth unit last year. The new wealth unit will trade as Huishang Bank Wealth Management Co. Th
05/05/2020
Kingswood acquires Californian wealth management firm
As permitted within the original Sale and Purchase agreement, the remaining Chalice shareholder has exercised their put option over the remaining 15% interest, so on closing Chalice is now wholly owned by Kingswood.
05/05/2020
BNP Paribas profit falls 33% on expected loan losses, equity trading hit
Equity trading revenue was wiped out and stood at -€87m compared to €488m in first quarter revenue a year ago.
05/05/2020
Berenberg favours Brewin Dolphin over Rathbone Brothers as it assesses UK wealth managers
In a note initiating coverage on both firms, Berenberg said Brewin Dolphin's asset retention was "best-in-class"
05/05/2020
Brewin completes integration of Investec Ireland
Brewin Dolphin has completed the migration of Investec’s Irish wealth platform, after the acquisition took place last year for €44m.
05/05/2020
RBC Wealth Management Hires Pair in Asia
In mainland China, the firm has hired Belle (Jing) Hu as associate director, business development, based in Beijing.