03/20/2013
Profits Rise At UK private bank
Customer deposits grew £74m
Wealth and Asset Management
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
03/12/2013
FSA's Wheatley Says Concerned by Wealth-Management Review
Wheatley, who will lead the FCA, said he will set up a wealth-management supervision department to increase oversight.
03/12/2013
Sovereign wealth funds to hit record $5.6 trln by year end
"Non-commodity funds are capturing an increasing share of SWFs' assets, a trend that is likely to continue."
03/12/2013
Brooks Macdonald adjusted pre-tax profits up 30%
Revenues rose by 23% to £31.46m and the interim dividend of 6.5p per share is 8% up on last time.
03/12/2013
Feeney appointed to Old Mutual executive committee
Feeney will join the Old Mutual group executive committee from 1 April alongside Ralph Mupita who is chief executive of Old Mutual Emerging Markets and Carlton Hood, group customer director.
03/11/2013
Wealth managers weather RDR pressures to post record growth
A pick-up in the markets contributed to growth in underlying assets."
03/11/2013
Brooks Macdonald plans Midlands office
The Midlands represents the last remaining geographical gap for the business, which has recently gained a presence in the Channel Islands after acquiring Spearpoint.
03/11/2013
Lloyds Bank Sells Part of Stake in Wealth Manager
The move comes just weeks before the Bank of England is set to outline the scale a multi-billion pound capital shortfall for U.K. lenders.