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

Indo-Brits Account For 22% Of UK’s Ultra-Rich Club

Super-rich Indians account for more than 20% of the wealth of ultra-high net worth

UK Wealth Management posts £1.9m loss as RDR slows progress

In its financial statement for the year ended 31 December 2012 UK Wealth Management said the RDR had affected its revenues and acquisition strategy and led to adviser departures.

Sparse coverage spells opportunity in frontier markets

Frontier markets have not suffered the same heavy year-to-date outflows as emerging market funds

Norway’s Sovereign Wealth Fund And The Top 15 From Around The World

It’s just like “The Sound of Music,” without the Nazis.

Wealth managers fear consolidation; signs of strain in Singapore sector

Many foreign banks came in without giving enough thought about the sustainability of the business

RBC Wealth Management income up 51%

Royal Bank of Canada’s profit soared to new heights in the third quarter as the bank reported record earnings of $2.3-billion.

Sesame Quadruples Losses as Keydata Fine Bites

Sesame, the adviser network arm of Sesame Bankhall group, has reported a loss for 2012 of £9.3m - four times its losses in 2011 - as a provision for a regulatory fine took its toll.

‘Clients are more engaged in how best to manage wealth’

John Price, executive director of Coutts in Liverpool, says the recession has prompted more people to seek wealth management advice

Kleinwort Benson Wealth Management makes first-half loss

Good momentum and growing marke t traction at Kleinwort Benson Wealth Management have not yet translated into profitability due to the continuation of the challenging market conditions seen in 2012, coupled with our ongoing investment into the business to

St. James's Place targets women in recruitment drive

Academy director Adrian Batchelor says there is “no justification” for the sector being so dominated by men.

Liechtenstein bank reports US tax deal hits profits

The bank maintained in July that the agreement would have no impact on its income statement

Asia’s Infinity Financial in major deal with UK star manager Bestinvest

Infinity says “a large percentage” of its existing clients have thus far switched some or all of their investible assets over to Bestinvest (BI), and “virtually all new clients are choosing it as their investment manager”.

Threadneedle Overhauls Branding on Brazier's Trust

UK Select Trust Shareholders Have Voted to Revamp The Investment

Wealth-X Supports Turquoise Mountain With UHNW Prospecting As Part Of Its Giving Back Programme

Wealth-X will provide the non-profit organisation unrivalled access to the world's largest collection of curated research.

Mattioli Woods assets soar following acquisition spree

Overall the firm’s profits before tax increased by 10% to £5.5 million

Towry's Gaius Jones Joins Ashcourt Rowan as Financial Planning Chief

Towry’s Gauis Jones has joined Ashcourt Rowan as Chief Executive of the firm’s Financial Planning Business.

Shake-up looms in Singapore banking, wealth managers warn

Swiss banks UBS and rival Credit Suisse are under pressure to derive more of group profits from wealth management and Singapore is the largest hub for the business outside Switzerland in both cases.

Coutts hires HR head from Moscow-based firm

She joins Coutts from The Renaissance Group

Charles Stanley tops advised assets under management

The research, which covered 32 DFMs that offer outsourced services to financial advisers, found that more than £24bn is managed on this basis, with the average amount managed per client at £249,477

How wealth managers are pitching their restricted status to the public

The new rules, which were introduced in January are full of intricacies, as firms seeking to describe themselves as independent have to advise on the full scope of retail investment products, which includes life assurance policies and pensions.

Wealth and Asset Management