- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Advice firm attacks ‘broken’ 100-year-old wealth fee model

It feels the current model of charging exists today due to powerful vested interests that are reluctant to change.

The Big Interview: Sanlam’s chief on why consolidation ‘has to happen’

Polin argues most advice firms are sub-scale lifestyle businesses with limited management capabilities. But he thinks that will change.

View from the UK: Schroders' David Docherty weighs up the market impact of the Trump administration

Trump’s energetic commitment to deregulation is highly market and economy friendly and is actionable through executive orders.

Co-op Bank warns it will miss capital target

As a result, it the bank is “unlikely” to meet its so-called individual capital guidance - which is set by the Bank of England’s Prudential Regulation Authority (PRA) - between now and 2020.

€2.5bn cost of Mifid II rattles asset managers

Mifid II could have a “one-off” impact on the company’s cost to income ratio

Fee-based 1% model ‘overcharging’ UK clients, study finds

The firm is now calling for the industry to adopt a flat-fee model, which it describes as “fairer for individuals”.

Link Financial’s portfolio acquisitions hit €580m in 2016

Link also announced it secured a deal in October to acquire banking group BBVA’s Italian consumer finance business for just under €100m.

Citigroup searches for post-Brexit hub away from London

Bank confirms talks with EU countries over site of new HQ – and warns other financial firms will follow.

Lifetime ISA two months off, but still not trending with millennials

The new tax wrapper is open to those between the ages of 18 and 40

Disclosure to HMRC trumped by legal privilege?

The Law Society has indicated that it does not want to be in conflict with HMRC

Beyond economics? by Peter Andrews, Chief Economist, FCA

My perspective is that we must discuss how economics and other disciplines can help regulation because the challenges regulators face are large and chronic. Here is a brief historical detour on the point.

BoE speech on Market Functioning at the OMFIF City Lecture

He then explains how the Bank’s analysis of market structure shaped the design of our corporate bond purchase scheme, and how the scheme may have affected the functioning of the market.