03/24/2013
New regulator to keep sights trained on wealth managers
In August last year the FSA said it was continuing to interact with wealth management firms and would commence further thematic work.
Wealth and Asset Management
03/21/2013
Cap on fund manager bonuses moves closer after Euro vote
The committee’s plan will now be put to a vote for the entire European Parliament in April.
03/21/2013
Towry blames rise of the DIY investor on "amateur" advisers
Fisher said the growth of DIY investment is “depressing”
03/21/2013
Schroders rumoured to be in bid talks with Cazenove Capital
The two firms have confirmed the talks in market statements this morning. Schroders is considering a possible cash offer, with loan note alternative, for Cazenove’s entire share capital, the groups said.
03/21/2013
UK should prepare for wealth exodus after election
A tax hike could be the tipping point for many high-net-worth and ultra-high-net-worth individuals, who are the most mobile in society due to their abundant resources.
03/20/2013
Barclays chief lands £18m windfall
Barclays investment banking chief landed an £18m windfall after the bank handed out mammoth share awards to top bosses.
03/20/2013
Advisers back Wheatley over wealth manager concerns
Wheatley said one of the regulator’s major concerns was the poor customer service provided by some wealth managers
03/20/2013
Profits Rise At UK private bank
Customer deposits grew £74m
03/20/2013
Standard Life Wealth to launch Bristol office
Wealth Manager understands the firm will hire an external team to spearhead growth in the region
03/19/2013
FSA launches consultation on fund pay
The FSA, along with the Treasury, needs to transpose the EU rules into law by July this year – but there will be a one year implementation period after that.
03/18/2013
7IM opens up platform to rival DFMs and overhauls charging
7IM head of platform Peter Wyatt said the move was a response to adviser demand.
03/17/2013
Hargreaves Lansdown looks at Schroder UK Alpha Plus place on Wealth 150
The Schroder UK Alpha Plus fund returned 254.4 per cent over the 10 years to 31 January.
03/14/2013
Worldwide Wealth Collections collapses
It's gone into liquidation with debts of nearly £1million.
03/14/2013
Hedge fund tycoon Odey collects £1.7m from bet on Trinity Mirror slide
Mr Odey took a £10m bet against the firm last November, although he told The Independent he "didn't dislike the company".
03/13/2013
Withers to launch new non-legal consultancy
The consultancy will be run by two acknowledged leaders in the consulting field, Kenneth McCracken and Amelia Renkert-Thomas.
03/13/2013
Adviser Solutions division extends access to Managed Portfolios range
The implementation of the Retail Distribution Review has created a significant upswing in the number of IFAs partnering with DFMs.
03/13/2013
F&C reports profit increase but assets and revenues fall
Mr Bramson said 2012 was “a year of significant change” as the firm sought to cut costs
03/13/2013
FSA warns against EU plans for bankers' bonus cap
He also warned that the cap would undermine the system of bonus clawbacks for misbehaviour and poor performance, the FT said.
03/13/2013
Family office for wealthy Russians joins ABS ranks
Red Square London, based in Pall Mall, operates a family office-style multi-disciplinary legal and business consultancy
03/13/2013
Barclays demonstrates commitment to UK expansion with new office in Yorkshire
It is the sixth Wealth and Investment Management office opened by Barclays in the past eighteen month