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

New EU rules force wealth firms to disclose all underlying costs

The rules are expected to prove expensive for the industry and will come into force in January 2017 under MiFID II proposals.

Consortium comprising DBS shortlisted to buy Coutts: Sources

A consortium comprising Singapore’s DBS Group Holdings is among the shortlist of banks for the second-round sale process of Coutts International

Old Mutual Wealth launches adviser-led self service option

Old Mutual Wealth has launched a new adviser-led self-service option for its investment platform that will allow clients to top-up their Isa and collective investment accounts online.

Challenger bank gears up to sign its first clients

Hampden & Co, the first private bank to come through the new route to get a banking licence, plans to open the door to new clients before the end of March after securing the final pieces of its payments systems.

Towry teams up with magazine to target footballers' finances

Towry has formed a partnership with Professional Player magazine in a move to offer financial planning and investment management to footballers.

Beacon East of England Financial Adviser Company of the Year 2015

Beacon Wealth Management Ltd, crowned the East of England Financial Adviser Company of the Year 2015,announced on the 8th January, in London.

JTC Celebrates 27th Consecutive Year of Growth With Re-Brand

Independent corporate, fund and private client services provider JTC Group has marked its 27 year of growth with the launch of a refreshed global brand, unveiled to staff, clients and intermediary partners.

BNY Mellon secures sub-custody mandate

Our long track-record as a global custodian and administrator means we are ideally positioned to help Multrees to meet its strategic goals

Asset managers plan to raise standards

Customers have become more sceptical about the service provided by active fund managers since the financial crisis, as investment performance has often failed to live up to what was promised, but fees have remained high and hidden in commissions.

Two blue-chip companies drop UBS as their corporate broking adviser

UBS Group AG, Switzerland's biggest bank, has lost two more blue-chip corporate broking clients

Hacker posts client e-mails from Swiss bank BCGE

A hacker claiming to be behind a cyber attack on Banque Cantonale de Geneve divulged confidential client information after the Swiss bank failed to meet demands for payment.

Banking bonuses set to disappoint in City and on Wall Street

Bankers on both sides of the Atlantic are fighting over a diminished bonus pool this year, according to executives.

Beaches, babes and boundless riches are yours for the taking

or maybe they turn out to be nightmares.

FF&P posts 39% profit fall pre-Stonehage merger

The Stonehage-Fleming merger will create the biggest independent multi-family office in Europe, with more than £27 billion in assets and combined revenues of $160 million.

The New Model Adviser® 2015 award winners revealed

Bloomsbury Wealth won the New Model Adviser® award for Greater London for the second year in a row.

Pershing’s portfolios put focus on innovation

A subsidiary of BNY Mellon, Pershing offers valuation reports that will now include a personalised colour-coded booklet presenting information on portfolio breakdown, top contributors and transaction history.

Private client firm offers investment service to HNW

Some financial advisers have clients with more than £250,000 to invest

Lloyds’ wealth head on the importance of multi-channel

Lloyds’ Sarah Deaves has built a strong reputation for leading financial institutions through periods of major change, a skillset well suited to the current climate.

Private banking: Suitors for Coutts

Coutts International has plenty of attractive assets to offer its many possible new owners. Julius Baer looks the best fit.

JOHCM's Rochussen nets £5.8 million as profits surge 88%

The asset manager was particularly active in 2014 undertaking a raft of fund launches, including US Small and Mid Cap equity and Japan Dividend Growth.

Wealth and Asset Management