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Advisers say digital wealth managers pushing them into retirement

Researchers working for Investec Wealth & Investment quizzed 100 IFAs and financial planners

LLB Switzerland with the best result in its history

LLB Switzerland closed the 2023 financial year with a profit of CHF 33.8 million

Chairman of the Board of Directors of Glarner Kantonalbank has died

Martin Leutenegger has been Chairman of the Board of Directors of Glarner Kantonalbank since 2008.

Insights on Jersey’s Position in Islamic Wealth Management

Faizal’s contribution to the prestigious report further solidifies Jersey’s position as a forward-thinking, award-winning international finance centre

Abrdn reveals a fifth of advice jobs cut and 50% write-down

Asset manager merges Abrdn Financial Planning, whose value almost halved in 2023, with Interactive Investor.

Bellevue reports market-driven decrease of net profit

Although the global financial markets were remarkably positive, Bellevue’s key market in the healthcare sector generated once again a below-average market performance.

EQT raises €22bn for PE flagship boosted by private wealth interest

The 10th iteration of the firm’s private equity fund managed to raise 40% more capital than its predecessor.

Abrdn CEO defends turnaround plan: ‘Headwinds have been stronger than I anticipated’

Bird, who dubbed himself the 'reset guy' when he became Abrdn CEO in 2020, said the asset manager was better diversified than it was three years ago

Personalized Financial Outreach Wins More Clients, per Broadridge

The company’s general manager, Kevin Darlington, explains how personalized messages—sometimes aided by AI—produce proven results for investor engagement.

Octopus duo set up firm through M&G Wealth academy

Octopus Investments sales managers Tom Wood and Joe Payne have retrained as advisers and formed Fortify Wealth under the M&G academy.

Gold prices should consolidate

This means that as the USD weakens in the second half of the year, gold will rise given longstanding negative correlations with the greenback.

Square Mile CEO steps up to lead Titan AM as FCA approves acquisition

Square Mile’s Richard Romer-Lee has joined Paul Hunt as co-chief executive of Titan Asset Management after the acquisition has received regulatory approval.

UBS: High-yield bonds in euros are attractive

This should help keep defaults not only below long-term averages

LLB Group significantly increases profits

The LLB Group was able to maintain its growth momentum in the 2023 financial year.

SJP co-founder and former RIT chair Jacob Rothschild dies aged 87

Stepped down from RIT in 2019

The hottest topic in private banking at the moment

Private bankers are returning from this region with bright eyes and spreading an optimism that has not been seen for a long time.

Deutsche Bank: Ex-CS squad feels IT breakdown in its own pocket

The background to the sanction against management is the failed migration of Postbank's IT data to Deutsche Bank's systems.

Schroders Solutions client secures £114m buy-in

Schroders Solutions, the £212.1 billion global capability, has a long-standing relationship with the trustees of Vector Pension Scheme, a valued Fiduciary Management client, for over 15 years.

StanChart records $14bn wealth inflows as it announces strategic overhaul

The British lender is to cut $1.5bn of costs, buy back $1bn of shares and distribute $5bn over the next three years as it looks to bolster its ailing share price.

SJP’s Onuekwusi: Fee unbundling will make our funds look better

Justin Onuekwusi says the performance of SJP strategies has been ‘pretty good’ over the long term and that clarity over fees will help like-for-like comparisons.

Wealth and Asset Management