02/23/2015
Poaching clients is ‘commercial suicide’: DFMs
Canaccord Genuity Wealth Management is one such DFM with an advisory arm
Wealth and Asset Management
02/22/2015
HSBC under pressure to lower bonuses following tax dodging inquiry
Top executives at HSBC are being encouraged to waive their bonuses for the year, following allegations the bank abetted tax dodging clients.
02/22/2015
Tax scandal hits Coutts and BSI deals
HSBC furore puts pressure on sales of private banking units by RBS and Generali
02/22/2015
Queen’s bank in film tax avoidance scheme
COUTTS, the bank used by the Queen, earned millions of pounds in commission by helping investors avoid tax in film schemes
02/20/2015
Jonathan Fry exits firm post-merger to set up family office
He has taken a number of high net worth clients – equating to over £100 million of assets – with him to launch Fry Family Office.
02/20/2015
Skënderbeg launches four single-manager funds with Your Wealth AG
Skënderbeg Funds AGmvK, an investment fund for qualified investors under Liechtenstein law (umbrella fund), launched four traditional single-manager funds together with Your Wealth AG on 12th January.
02/20/2015
State-backed investment bank begins offering SME loans
The fund includes €250m from the former National Pension Reserve Fund
02/19/2015
The sea change in private banking: Why HSBC is right about the industry
THE HSBC revelations have been coming thick and fast this past week, and the bank has had to go so far as to apologise for its previous behaviour.
02/19/2015
Lombard Odier’s three-year plan to double UK wealth assets
Dominic Tremlett first came to London as Lombard Odier’s head of UK private banking two years ago
02/19/2015
UBS to combine EU businesses in one unit: Handelsblatt
A preliminary decision on where the unit will be based is to be made next week, the paper said, adding that talks with German financial watchdog Bafin were advanced.
02/19/2015
Rathbone Brothers' total funds soar by 24% to £27.2bn
Rathbones saw its funds under management boosted in 2014
02/19/2015
Natixis to buy French asset manager
With tighter regulations constraining growth from traditional investment banking, Natixis aims to build up its asset management and insurance businesses to keep expanding.
02/19/2015
Wealth-X acquires preeminent wealth market research and advisory firm
With the acquisition, Wealth-X will employ more than 250 professionals across offices in 13 cities, including London, Singapore and New York.
02/19/2015
Property investment in Europe looks more promising says Deutsch Bank report
According to the bank’s Global Real Estate Strategic Outlook for 2015, European property markets continue to improve while those in Asia are experiencing a slowdown in growth rates
02/19/2015
Isle of Man Budget at a glance
The 'tax cap', maximum individual income tax liability, to be increased from £120,000 to £125,000 for new entrants to the scheme. Mr Teare said the scheme would generate a direct economic benefit in the region of £125m over the
02/19/2015
Under the bonnet of Heartwood-Handelsbanken tie-up
Heartwood was ahead of most rivals with its mass-market proposition launch last year
02/19/2015
Rathbones to launch private office and rebrand in key 2015 moves
Rathbones is launching a private office for high net worths and plans to rebrand in key initiatives to meet its growth targets.
02/19/2015
AFH Wealth Management buys KL Plester for £1.7m
AFH Wealth Management has announced the acquisition of Worcestershire-based KL Plester Financial Services Holdings for £1.7m.
02/19/2015
Man Group 'in talks to buy UK asset manager NewSmith'
NewSmith will be placed in Man’s GLG unit if the deal is completed
02/18/2015
WMA clashes with FCA on restricted investment labels
The WMA's criticisms form part of its response to the European Supervision Authority's (ESA's) discussion paper on key information documents for packaged retail and insurance-based investment products (Priips).