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

Wealth managers and IFAs under threat by tech upheaval

Asset managers will be not be blown away by technology’s winds of change, but advisers and wealth managers may not be as lucky

Strong uptake in private placement as Jersey funds industry reaches seven year high

A strong performance in Jersey’s funds sector in 2014 has seen the value of fund assets administered in the jurisdiction increase by almost one fifth year-on-year to reach the highest level in seven years.

UK finance bonuses to top £100bn since financial crisis

With high street banks poised to reveal their 2014 bonus pots the Robin Hood Tax campaign reveals figures showing ‘unreformed sector is out of control’

Rothschild to pay bonuses early

A final decision on the timing of bonuses is expected to be taken before the Rothschild group’s year end on March 31

Towry offers £2.75 for Ashcourt Rowan shares

The two companies claimed that combined they will be one of the top 20 players in the UK private wealth market by assets under management.

Poaching clients is ‘commercial suicide’: DFMs

Canaccord Genuity Wealth Management is one such DFM with an advisory arm

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.

Tax scandal hits Coutts and BSI deals

HSBC furore puts pressure on sales of private banking units by RBS and Generali

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

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.

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.

State-backed investment bank begins offering SME loans

The fund includes €250m from the former National Pension Reserve Fund

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.

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

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.

Rathbone Brothers' total funds soar by 24% to £27.2bn

Rathbones saw its funds under management boosted in 2014

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.

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.

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

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

Wealth and Asset Management