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BBVA Group establishes a new investment advisory subsidiary in Miami

The BBVA Group has established a new investment advisory subsidiary, BBVA Global Wealth Advisors Inc, in Miami, catering to high net-worth Latin American clients.

Aberdeen wealth managers surpass £150 million milestone

Since the turn of the year, funds under management have increased by a further £6.5m representing a strong start to 2024.

The rise of multi-millionaire women

Female billionaires are similarly dominated by more heiresses than entrepreneurs

Close Brothers H1 Adj. Profit Rises - Quick Facts

Adjusted earnings per share was 46.3 pence compared to 6.1 pence.

Edmond de Rothschild announces a strategic agreement and the acquisition of its third-party Asset Servicing business by Apex Group

As part of this agreement, Apex Group will also acquire Edmond de Rothschild's fund administration, transfer agent and custody activities for its Private Equity and Infrastructure funds.

Can UBS become Europe’s Morgan Stanley?

At the division’s first leadership conference for several years, Federer shared his experiences of coping with the pressure of being a tennis superstar.

Iqbal Khan & Co are firmly in the race to succeed Ermotti at UBS

When it comes to replacing CEO Sergio Ermotti - Kelleher wants him to remain in office for at least four more years - he would also like to take his lead from the US institute.

Two former CS store managers are moving to Paradeplatz boutique

As the investment company finews.ch, based on Paradeplatz in the heart of Zurich's banking center , confirmed, around 20 employees now work for the company in the Client Solutions department.

Wealth veteran takes swipe at M&A as he sets up own business

Former Gerrards and Ravenscroft investment manager Kieran Follis has partnered with P1 Investment Services for his new wealth business.

Partners Group adds private markets royalties to its investment platform

The team will be integrated into the wider Partners Group platform and will benefit from the firm's existing network, expertise, and portfolio insights.

Quilter announces next instalment of platform enhancements

The Quilter platform will also now use the Faster Payments System for single ad hoc withdrawals and crystallisation payments.

Quilter announces next instalment of platform enhancements

The Quilter platform will also now use the Faster Payments System for single ad hoc withdrawals and crystallisation payments.

Othis launches personal wealth management platform for individuals and families in Europe with diverse portfolios

With the initial product, Othis targets individuals and families with portfolios of diverse assets.

Former Tees Wealth head launches investment management firm with P1

A discretionary managed portfolio investment service on a more individual, bespoke basis will also be offered.

JPM AM calls time on quintet’s long-running bond fund

Fund house to liquidate sterling-focused debt strategy after seeing steady decline in assets.

EFG Agrees to Pay the US for Possible Sanctions Breaches

The settlement amount reflects OFAC’s determination that EFG’s apparent violations were voluntarily self-disclosed and not egregious, and also reflects EFG’s significant remedial measures

Onshore in Germany – and there’s still no end in sight

Meanwhile, the expansion of local houses in the neighboring country continues unabated.

TLT advises shareholders of Chartered Wealth Management on acquisition by professional services company

The acquisition will also support its strategic growth plans.

Wealth managers prefer generalist approach to technology exposure

The most held fund is Axa’s Global Technology fund, which appears in the portfolios of two of the allocators we cover.

ABN Amro Jumps on Wealth Management Bandwagon in Race for Fees

Many banks enjoyed record profits over the past year as the gains to revenue from higher interest rates surpassed the amount they had to pay out to depositors.

Wealth and Asset Management