09/20/2018
Brooks boss joins IA board alongside three fund heavyweights
The appointments near-double the number of women at the top of the UK's asset management trade body to 40%.
Wealth and Asset Management
09/20/2018
Brooks takes £2.5m hit on 'obsolete' tech as compliance costs climb
On an underlying basis pre-tax profits rose from £17 million to £18 million with earnings per share 12% higher at 117p, with revenue 14% higher at £101 million.
09/20/2018
Brooks Macdonald in-house advice a ‘major introducer’ of funds into DFM
The FCA asset management market study noted the potential for conflicts of interest to arise when advisers are recommending funds at related companies.
09/20/2018
Swiss private bank buys Luxembourg bank
The transaction is subject to the approval of the relevant regulatory bodies and is expected to complete during the first quarter of 2019.
09/20/2018
Succession gets back on IFA acquisition trail with two deals
Chartered financial planner McKenzie Investments has four planners including one trainee and has offices in both Inverness and Elgin.
09/19/2018
Wealth Management Firm Reaches £4BN Milestone
Chief executive Alan Hudson said: "In January 2017 the company set out a number of financial aspirations, including having £5bn of funds under management by 2021, an increase of 150 per cent above the £2bn level at that time.
09/19/2018
Luxembourg embraces SRI and alternatives
These humble funds eventually embraced cash, derivatives and, more recently, alternative assets.
09/18/2018
Societe Generale Private Banking (SGPB): Embracing phygitalization
Over the last five decades, Societe Generale has been synonymous with innovation, says Jean-François Mazaud, Head of the group’s private banking unit (SGPB).
09/18/2018
UBS has chosen Frankfurt as its post-Brexit EU base
Major financial organisations are being forced to rethink their European strategies as a result of Brexit and the coming end to financial passporting arrangements.
09/18/2018
Wealth management firm to create 12 jobs with office move
The new headquarters in Luke Lane, Brailsford, will keep many of the historic features of the corn stores barn conversion which was the former showroom of tile company, Stoneworks.
09/17/2018
Standard Chartered Private Bank integrates tech and tradition for new UK Resident non-Domiciled service
Standard Chartered’s UK RND service uses technology based safeguards to automatically segregate cashflows.
09/17/2018
Germany's Berenberg sells Swiss private bank to investor consortium
The acquired business has 100 staff in Zurich and Geneva, offering private banking, asset management and family office services
09/14/2018
Investec plots spin-off of asset management business
Move comes amid management overhaul at the South African banking group
09/14/2018
Close Brothers sells retail lending business
Close Brothers Retail Finance provides unsecured finance to consumers through retailers at the point of sale, and has worked with companies such as Jessops, Samsung and Cotswold Outdoor.
09/13/2018
BNY Mellon IM launches thematic fund focusing on mobility disruptors
Managed by The Boston Company
09/13/2018
Gresham House Doubles Income
The company said the increase in income was driven by management fees for new vehicles - including British Strategic Investment Fund and Gresham House Strategic - being in operation for the full period.
09/13/2018
Equilibrium Asset Management enjoys consecutive eighth year of growth
Founder Colin Lawson praised staff at the wealth management firm who achieved more than £150m in net asset wins
09/13/2018
SJP shuns new CII exam in favour of in-house programmes
We have a comprehensive and structured chartered programme to ensure our advisers remain highly competent
09/13/2018
Aberdeen Standard bags 26 GRESB Green Stars
Additionally, three of ASI’s funds achieved ‘sector leader’ status, meaning they have the highest ESG performance of their peer group.
09/12/2018
JP Morgan to set up Luxembourg wealth management unit in Brexit move
The US firm plans to create a “significant” business in Luxembourg, according to the report, which will allow it to serve more fund management clients across the European Economic Area.