04/08/2020
St James Place boss’s bonus is cut after rewards furore
It has almost 4,000 self-employed financial advisers, serving about 700,000 clients with between £50,000 and £5 million in non-property wealth.
Wealth and Asset Management
04/08/2020
HSBC Expands Wealth Portfolio Intelligence Service
As the enhanced WPIS covers all the major elements of a multi-asset wealth portfolio
04/08/2020
Credit Suisse Taps Rich Clients to Boost Lending During Rout
Bank offered 2% interest to park cash for more than a year
04/08/2020
ETFs: a critical tool for managing millennials’ wealth
ETFs allow wealth managers and advisors to create lighter, cheaper models and reduce trading costs
04/08/2020
IQ-EQ’s Laura Kearns shortlisted for Jersey Finance Rising Stars award
Hosted by Jersey Finance, these prestigious awards aim to reward and celebrate the successes and achievements of the young talent working within Jersey’s finance industry.
04/08/2020
Withers helps set up masks4NHSHeroes fundraising
The Withers team, including Richard Cassell, Alana Petraske, John Huxley, Chloe Harris and Katy Crofton has advised on a pro bono basis on charity registration and gift aid in the context of a short-term project with very focused objectives.
04/08/2020
Emerging Wealth: When is the right time to set up a Family Office and what are my options?
Years of reliance on the most loyal of lieutenants – the trusted 40 plus year veteran of the C-suite and board room within the family business, who are within the inner sanctum of the family enterprise
04/07/2020
Norway’s Wealth Fund Wants More From Brokers at End of the Day
The papers have previously covered topics such as corporate sustainability reporting and informational asymmetries in foreign exchange markets.
04/07/2020
UBS to Advisors: Consider Paying Virus Bonuses to Support Staff
The payments cannot be made through “business builder” expense accounts that UBS gives brokers as a benefit because the tax-friendly accounts are earmarked for “non-compensation” purposes, the broker complained.
04/07/2020
Allfunds announces new organisational structure at global level to strengthen leadership in the WealthTech industry
The new organisational structure will enable Allfunds to strengthen its leadership in the WealthTech industry, where the company already plays as the largest third-party fund distribution platform in Europe as well as one of the leaders globally.
04/07/2020
Cantonal bank profits drop after losing CHF 17m on financial assets in March
The corona virus has spread faster than feared around the world and has led to radical measures by governments in many countries.
04/07/2020
How can brokers access the HNW sector?
The HNW is a very attractive market for brokers, Pierce said, outlining how a broker that provides services for a client around their business will often receive the domestic HNW insurance policies of that client also.
04/07/2020
LUKB Posts Drop in First-Quarter Profit on Corona
LUKB’s own investments dropped in value and the book loss of 16 million francs led to the decline in profit.
04/07/2020
Equities headed for further slide
Pictet expects more mainland companies to seek domestic financing from overseas bond issuance given their rising overseas debt burden under the impact of the coronavirus pandemic.
04/07/2020
At RBC Wealth Management: No Layoffs, Virtual Recruiting
RBC is also doing other things to help employees, including giving hazard pay of $50 a day to the minority of workers who must still go to the office to do their jobs, Financial Advisor IQ reports.
04/06/2020
Latest update on market developments - 3 April
As a result, we took the bounce in markets last week as an opportunity to reduce equity risk in our clients’ discretionary portfolios.
04/06/2020
Quilter advice business establishes telephone based service
The initiative will offer advice to customers who may not otherwise be able to access to financial advice and is a key step in Quilter’s aim of increasing the accessibility of professional financial advice across the UK.
04/06/2020
Rathbones takes over £450m Barclays Wealth business
This transaction represents another success for Rathbones as we deliver on our growth strategy.”
04/06/2020
Coronavirus has sparked an unprecedented level of philanthropy
By early March, it was reported that philanthropic giving to combat the coronavirus has reached unprecedented levels, already topping US$1 billion (£816 million) across the world.
04/06/2020
Banque Syz reports profit but suffers CHF 615m net outflows
Banque SYZ posts full-year 2019 net profit of CHF 7.1 million