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RBS boss sets strategy to 'improve' flat Coutts

Ross McEwan, group chief executive of the Royal Bank of Scotland, has set out a strategy that will tie Coutts more closely to the wider bank’s business customers.

Anglo-South African Group sells German and Austrian wealth units for $303 million

"The transaction is part of Old Mutual Wealth's commitment to simplify its operations in Europe and focus on a select number of core growth markets,"

Schroders keeps busy with multi-asset coup

Friends Life’s decision to award multi-asset and equity mandates worth £14.5bn to Schroders represents another “significant win” for the investment house, Jason Hollands has said.

Ex-SJP adviser opens advice firm & online platform

A former adviser at national wealth management firm St James’s Place has opened a new firm heavily centered on providing discretionary fund management through an online platform.

PWM Selects Wealth-X CEO’s Quote For Advertising Campaign

“We chose the comment because it is based on research from Wealth-X, which relates to PWM’s own quest to identify the new global sources of wealth, how they develop and how they are best serviced by private banks and other specialist wealth m

LGT Group posts good business performance in 2013

With a tier 1 capital ratio of 21.3%, LGT is very well capitalized. LGT is confident about its business performance in the current year.

Psigma targets Barclays Wealth's 'lighter touch' sub £500,000 clients

Psigma Investment Management has made a play for Barclays Wealth clients with less than £500,000, after the bank itself scrapped its bespoke service for lower net worth clients.

Eric Syz Acquires Co-Founder Stakes in His Geneva Private Bank

Eric Syz, the majority owner of Banque Syz & Co., acquired the shares of his two co-founders, Alfredo Piacentini and Paolo Luban, and told staff he has no intention to sell the Geneva-based firm.

Award winning wealth manager expands portfolio management team with two senior hires

These key appointments demonstrate our continued efforts towards strengthening and growing our private client services.

IFP loses out to Shropshire IFA in NS&I jackpot bid

The Institute of Financial Planning has failed in its bid to supply planners to £1 million premium bond winners after losing out to a firm of four advisers based in Shropshire.

Punter Southall forms strategic pact with Kent-based wealth firm

PSG group managing director Kenneth McKelvey will join the board of AFG, which will continue to operate independently under the leadership of chief executive David Taplin.

F&C shareholders agree BMO takeover

Shareholders in F&C Asset Management have given the go-ahead for Canadian financial conglomerate BMO to buy the fund manager.

F&C: responsible investment ‘continues to gather momentum’

Responsible investment “continues to gather momentum globally”, driven by investor values, risk management and the introduction of stronger codes and standards.

British life insurance and pensions group in advanced talks to buy rival asset management unit

It is in "exclusive and advanced" talks to buy rival

Credit Suisse Eyes 500 Private Bank Job Cuts

"Credit Suisse has been working on efficiency measures for some time," said a Credit Suisse spokesperson to Reuters, without confirming the report.

Miton's AUM surge 73.5% on back of PSigma acquisition

Miton Group saw assets under management surge by 73.5% to £3.1 billion in 2013 on the back of its acquisition of PSigma.

Asset managers could win big in UK pension overhaul

UK retirees will no longer be compelled to convert their retirement savings into an annuity contract.

Wealth management companies merge

Pinnacle Private Wealth, a Woburn-based firm which provides customized wealth strategies for businesses and individuals, has merged with Wachusett Wealth Management of Leominster.

Standard Life in advanced talks to buy Phoenix asset management unit

British life insurance and pensions group Standard Life has announced it is in "exclusive and advanced" talks to buy rival Phoenix Group Holdings' Ignis Asset Management.

Wealth managers may dictate terms

Investment trusts chasing places in model portfolios may need an overhaul in order to meet wealth managers’ expectations of size and liquidity

Wealth and Asset Management