- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Wells Fargo Asset Management Luxembourg Expands License in Luxembourg

Strengthening its footprint, Wells Fargo Asset Management (Luxembourg) will establish branches in Frankfurt and Paris as part of its Brexit arrangements

Wells Fargo adds more EU offices in Brexit plans for fund management

Wells Fargo makes Brexit plans for its funds arm, following a new banking license in Paris in October

Tilney acquires UK wealth management business

Clients with assets of £340m to transfer to Tilney, along with 11 staff

Superyachts – it’s not all plain sailing

Owning a superyacht brings great rewards but may also bring significant costs, one of which is tax unless detailed tax advice is sought before the yacht is purchased.

Caledonia Investments acquires minority stake in Stonehage Fleming

Stonehage Fleming is a highly successful firm with an outstanding, award-winning proposition and a client-centric approach.

Unibank Privé named best private banking and wealth management bank in CIS

Unibank Privé is actively developing Private Banking in Armenia and expands the range of its services across the CIS countries and Europe.

Global fund assets amount to €47trn in third quarter

Japan recorded the largest net sales of equity funds (€36bn), followed by Europe (€20bn) and the US (€17bn).

Swiss private banks dominate takeovers in Luxembourg

EU access key for Swiss banks as costs, regulation drive consolidation in private banking

Tilney looking to tap into Northern Ireland wealth market

The firm’s move into the region is a testament to ‘the growth of private wealth’ in the country

Julius Baer reports Assets under management at CHF 395 billion

Assets under management at CHF 395 billion – Net new money growth close to 5% – Drop in client activity in Q3 affecting gross margin and cost/income ratio – Enhancing focus on core markets and reducing complexity

Credit Suisse Tells Wealthy Clients to Move Assets Out of U.K.

The bank told finews.asia in a reply that the «House View» of the bank did not currently advise clients to move assets because of Brexit or other political developments.

Family offices switching to Guernsey supports island’s approach

Nicholas Donnithorne, head of the trust and pensions team at Guernsey law firm Babbe, said that sizeable family offices have been relocating to the island in recent months.

Octopus Group to unveil 'tech-enabled' wealth manager

Two advisers so far

Standard Chartered spins off private-equity arm

Bank expects to take a restructuring charge of about US$160 million related to the transaction.

UBS managed Zurich Italian property fund buys Eurcenter for €90.3m

Coima said the sale price represents a premium of 13% to the asset acquisition price in August 2016 2016 and a 4% premium to the last book value of the property as of 30 June.

Credit Suisse reportedly advises ultra-wealthy clients to consider shifting assets out of the UK

The FT reported Tuesday that ultra-high net worth individuals (UNHWI), were advised they might want to "accelerate" plans to move their investments out of London before Brexit chaos.

Barclays expands ethical investment options for Gulf clients

Barclays said the indices’ transparent design makes them particularly attractive for structured products while offering a simple alternative to the Eurostoxx 50 benchmark.

The Power of a Penny! Interview with Alison Hutchinson, CEO, Pennies – The Digital Charity Box

Raising c. £15 million from 60 million small donations since its conception in 2010, the venture has been a resounding success, proving that human values can triumph in the digital age.

“We see continued, above-trend growth…” Coutts

Having a similar investment in US dollars means you are really taking a credit risk only.

Wealth and Asset Management