04/16/2013
Goldman Sachs private bank wins UK licence
The UK entity is authorised to carry out several functions, including: deposit-taking; advising on investments; dealing on an agency and principal basis; and the safeguarding and administration of assets, according to the FCA filing.
04/16/2013
From 31 December 2012, Group assets under management have risen by CHF 2.8 billion or 2%. At CHF 119.0 billion, assets are currently CHF 8.4 billion higher than on 31 March 2012.
04/16/2013
Hargreaves Lansdown does not expect any surprises from the second instalment of the retail distribution review (RDR) after a record breaking performance for the firm in the first quarter.
04/16/2013
Wealth Manager conducted the survey during the week leading up to Easter as the Dow continued to set new record daily highs and the S&P 500 broke through its nominal pre-crash high.
04/15/2013
“This aims to put an end to the excessive risk culture which led to taxpayer bail-outs and bank collapses.”
04/14/2013
2012 saw a 3.4% increase in UK wealth management client satisfaction as measured by the MDRC index.
04/11/2013
The group said the final quarter of the financial year was characterised by a stronger performance from equity markets and a slightly more benign trading environment.
04/11/2013
The CISI survey results appear as CEO Simon Culhane suggests that the public and media are allowing the politics of envy to reduce the attractiveness of the UK as a major financial centre.
04/09/2013
The head of one of Austria's biggest banks has returned €2m (£1.7m) of his compensation because he believes executives can sometimes be paid too much.
04/09/2013
The firm was targeting 30 advisers by the end of the year and an additional £250 million assets.
04/09/2013
National wealth manager to target major acquisitions in five-year asset drive
However, next year the firm plans to carry out large-scale acquisitions to meet its broader five-year aim of doubling the £5 billion in assets it currently runs.
04/08/2013
Bellpenny and Brooks Macdonald sign strategic alliance
"It will enable clients to take advantage of Brooks Macdonald’s research-driven approach to delivering strong and consistent risk-adjusted returns.”
04/08/2013
GBAM seeks to develop a network to hold discussions about important business issues faced by boutique managers - strategy, products, markets, clients, etc.
04/08/2013
Wealth manager will fund annual fee for higher-value clients and half of the fee for medium-value clients
04/07/2013
Stonehage says that more than 20 per cent of UHNW families now have written frameworks in place, compared to just a few per cent prior to the financial crisis.
04/07/2013
Chartered financial planner Hannah Foxley is launching a wealth management programme for women after several clients expressed an interest in learning about their relationship with money.
04/07/2013
£7trillion Britain is better off than ever
The best-off 10 per cent of households have an estimated average per household of £1.82million
04/07/2013
We are very cautious, and these are well-priced deals
04/07/2013
It has now identified London as the hub for its target client set of new-world entrepreneurs
04/04/2013
Following are the results of the latest Bloomberg Billionaires Index ranking the world’s 100 wealthiest individuals.