09/11/2017
'Loud wake-up call' for private banks as profits tumble
The report also suggested tougher regulation to stop private banks helping the wealthy evade tax has hit earnings.
Wealth and Asset Management
09/11/2017
Openwork to fund two-year training for mortgage brokers to become wealth advisers
The need for mortgage advisers to have a wider knowledge of financial planning has been highlighted by much of the industry to help support later-life lending in particular.
09/11/2017
Taylor Vinters awarded ‘Gold Employer Partner’ by STEP
Members of STEP assist families in all aspects of future planning, including wills, inheritance, the vulnerable and estate management.
09/08/2017
How Standard Chartered Lost $400 Million on Risky Diamond Debt
The bank thought it would be a good idea to expand a unit making loans secured by the jewels. Now it wants out.
09/08/2017
Up to 70 Swiss private banks fighting for survival
But many of the affected banks will ultimately have to exit the market, the study concluded.
09/08/2017
Ex-Towry investment head unveils new venture
The partners in Lockhart will all be co-investing with clients of the firm in each of the investments.
09/07/2017
How much did LGT Group pay for Vestra Wealth?
The 75% holding was purchased primarily from Vestra’s original external investors.
09/06/2017
SJP and HSBC ditch contracts with disgraced PR firm
It used Bell Pottinger on specific contracts in the past but will no longer do so.
09/05/2017
Syz Asset Management Furthers Foreign Expansion
The great pool of wealth available in Spain was the main driver for Syz to seek the expansion, the company said.
09/05/2017
Acquisitions boost Mattioli Woods profits
We believe our capabilities as trusted adviser, administrator, product provider and asset manager allow us to deliver improved and sustainable client outcomes.
09/04/2017
China’s Legend Holdings to buy Luxembourg bank from Qatar’s Precision Capital
Chinese companies have become increasingly interested in European banks despite the sector’s low profitability.
09/04/2017
Old Mutual Wealth splits funds unit into two
OM Wealth said it will now work with the management of Old Mutual Global Investors to examine “internal and external structures for the single-strategy business to continue to develop it further.”
09/04/2017
Private bank accused of witch hunt
She has hit the firm with a tribunal.
09/04/2017
Wealth managers begin to outsource in drive to cut costs
Mid-tier companies react to tightening operating margins and rising compliance costs
09/04/2017
SYZ Asset Management opens office in Madrid
The opening of the Madrid office is another step in the Group's drive to strengthen its client service and business development capabilities.
09/04/2017
UBS Wealth That Foresaw Euro Rally Now Sees a Correction Looming
The euro began the year on a bleak note as analysts were bullish on the dollar given the lofty expectations surrounding then newly elected President Donald Trump’s fiscal reforms.
09/01/2017
Smith & Williamson and Rathbone Brothers end merger talks
It had incurred a £5m charge for expenses related to the prospective merger.
09/01/2017
Majority of asset managers to absorb external research costs
Big fund houses to pay for analysts’ work as sector prepares for European rule change
09/01/2017
Old Mutual acquires £205m advice firm
The deal is the latest in a string of acquisitions for the Old Mutual advice business.
09/01/2017
JERSEY Finance: New campaign to boost finance industry image
Most people in Jersey don’t use our services and we’ve got to explain what those are