10/25/2023
Deutsche Bank reports nine-month 2023 profit before tax of € 5.0 billion and raises capital outlook
Strong capital management and enhanced capital outlook support business growth as well as acceleration and expansion of distribution goals
Wealth and Asset Management
10/25/2023
Brook Asset Management begins wind-up process
First Gazette notice
10/25/2023
St James’s Place suspends trading in £820m property fund
The UK wealth management firm is headquartered in Gloucestershire with offices around the UK
10/25/2023
UBS Rolls Out the Welcome Mat for More Credit Suisse Analysts
A team of Credit Suisse senior researchers has moved to UBS, as the banks continue their integration journey
10/25/2023
Santander reports attributable profit of €8,143 million for the first nine months, increasing earnings per share by 17%
Net interest income increased 16%
10/25/2023
Elite managers pounce on UBS and Julius Baer stock
Both banks now sit among the top ten Swiss firms in Citywire’s Elite Companies Database
10/25/2023
Wealth managers too reliant on clients when deciding risk
Three in four (75%) wealth managers hugely rely on clients' own assessment of their suitable risk level.
10/25/2023
‘I spent too long trying to understand SJP’s fees’: Investor backs overhaul
Managers of Merchants Trust are sticking by SJP after FCA forced the national advice company to scrap exit penalties.
10/24/2023
Ex-Quilter investment manager launches financial planning firm
Nicholas Hawkins has launched NH Wealth
10/24/2023
Artorius’ growth story continues.
The group reported an adjusted EBITDA loss of £(0.5)m to a £0.3m EBITDA profit in the prior year following as series of strategic investments.
10/24/2023
Progeny to acquire Edinburgh advice firm adding £600m in AUM
The Leeds-based firm looks to ‘strengthen’ presence in Scotland
10/24/2023
Swiss fund market facing headwinds from the financial markets
This slowed the growth momentum in the Swiss fund market that had emerged at the beginning of the year.
10/23/2023
SJP price changes may be good for shareholders 'in long term'
St James Place shares have fallen by 6 per cent to the present level of £6.18 over the past five days, mostly in response to the announced changes to the fee structure.
10/23/2023
Passives and Porsches: Why pay SJP to track an index?
FUture clients will still face elevated advice fees and a 4.5% entry fee
10/23/2023
Growth challenges
The chart shows trend growth rates in several important developed economies.
10/23/2023
Rathbones announces a trading update for the three months ended 30 September 2023
There is already a strong level of collaboration across the enlarged group and an ongoing dedication to keeping clients’ interests at the forefront of everything we do.
10/23/2023
Gam reaches 'first steps in turnaround' as £92mn deal signed
The company has also made new appointments to its group management board.
10/23/2023
Former EQ Investors boss launches nationwide planning firm
It is backed by the founders of Var Capital – an investment management and family office firm.
10/23/2023
Quilter’s five personal finance ask from the Autumn Statement
This leaves Hunt with his hands tied but there are some policies he could opt to tweak which would not only be crowd pleasing but could help simplify the saving and retirement landscape in the UK.
10/20/2023
New Round of CS Job Cuts Focused on Support Staff
The cuts will target about 10 percent of support staff, likely in areas such as compliance, risk and marketing, starting on November 6.