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

Brooks Macdonald completes acquisition of LIFT-Financial Group

As at December 31 2024 this acquisition brings an additional c.£1.6bn assets under advice (AUA) and around 1,350 clients.

Presentation of the 2024 full-year results for the Julius Baer Group

Management believes that these alternative performance measures, including adjusting the results consistently for items related to M&A activities

St James’s Place sees £4.3bn of net inflows amid ‘successful year’

Gross inflows stood at £18.4bn, compared with £15.4bn in 2023

JTC’s Global Expertise Recognised at Citywealth IFC Awards

In addition, the firm was also a runner up in the ‘Trust Company of the Year – Caribbean’ category.

MilleniumAssociates Enhances Its Global Advisory Board, Naming Neil Fatharly as Its Latest Member Amid Further Expansion Moves

The firm’s specialist Financial Services Practice focuses on transactions for the global financial services industry, particularly in the global wealth, asset management, private banking, fintech, and private equity sectors.

How Ultra-High Net Worth Individuals Manage Wealth Across Generations

To avoid such outcomes, ultra-high-net-worth families often seek help from family offices or strategic wealth management professionals to protect their holdings.

Danske Bank to become the first financial institution in the Nordic region to implement Aladdin Wealth™ into its personal customer investment services

Danske Bank's investment customers will soon benefit from one of the wealth industry’s strongest investment and risk management technologies with the adoption of BlackRock’s Aladdin Wealth platform.

Fuel Ventures invests £4M in Prosper for AI wealth management

The investment round also attracted notable sports figures, including England cricket captains Ben Stokes and Jos Buttler, as well as Olympic and world champions Dame Jess Ennis-Hill & Dame Sarah Storey, among others.

Hamilton Lane: Infrastructure leads the way for allocation increases in 2025

Nearly half of wealth advisors plan to increase exposure to private infrastructure this year, according to a recent survey by Hamilton Lane.

UBP profit rises 15% to CHF 257.4mn in 2024

UBP is headquartered in Geneva and specialises in wealth management for private and institutional clients.

Deutsche Bank reports 2024 profit before tax of € 5.3 billion and € 2.1 billion of proposed capital distributions to shareholders

Revenues grew by 4% year on year to € 30.1 billion, in line with guidance.

Wealth management firm set to Prosper with new funding

London-based platform Prosper raises £4m in Fuel Ventures-led round and will launch private market investment offering

SJP ongoing advice review ‘progressing as planned’

The wealth manager later said it needed to set aside £426m in case it had to refund clients for an ongoing service that has not been evidenced.

St James’s Place: Britain’s biggest wealth manager has stock upgraded

The bump came from £1.5bn of inflows in the last quarter of the year, which was 70 per cent ahead of consensus and St James’s Place’s strongest quarter in almost two years.

How UBS Deploys Microsoft AI Platform in Global Operations

The bank selected Microsoft Azure after determining that packaged solutions wouldn't meet its requirements for data security and customisation.

Wealth management platform Prosper raises £4m

The round was led by Fuel Ventures, who invested £2m, with participation from a number of existing shareholders.

P1 Investment Services unveils all-in-one client advisor portal

The P1 Wealth Pilot was created to tackle the massive problem of siloed data sitting across multiple adviser systems.

UBS: Wealthy clients are still relocating to the UK

Victoria Hagmann, head of UK wealth management at the Swiss bank, says there are plenty of growth signals despite the gloom around last year’s Budget.

Tangible advises Rothschilds on sale of credit secondaries to Pantheon

This deal represents the first at-scale liquidity solution for a feeder vehicle invested by wealth solutions clients, which preserves the feeder’s structure while maintaining compliance with its fiduciary responsibilities.

Foresight acquires WHEB Asset Management

Deal will add almost £800m to the group’s AUM

Wealth and Asset Management