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

Spain Boosts Mirabaud Equity Fund

Spain, whose equity markets are a key part of the Eurozone "recovery" story, boosted the local asset base at Mirabaud by 400% in 2013.

Close Brothers has delivered another strong result

Asset Management continued to make good progress with 7% growth year to date in Assets under Management to £9.7 billion

Rathbones' profits surge 33% despite £15m legal payout

Whilst we believe that the underlying Jersey claim would eventually prove unsuccessful

Brooks Macdonald sees progress in all areas

We expect to exercise the option to acquire Levitas imminently

World’s Biggest Wealth Fund Reviews $8 Billion Russian Stake

The government of Norway, which isn’t an EU member, said it’s ready to adjust the fund’s holdings to reflect the changing geopolitical climate.

Equiniti: Half of investors say wealth manager fees still not transparent

Somewhat alarmingly, 50 per cent of investors receiving advice still don’t feel the fee structures are truly transparent.

Standard Chartered defends Peter Sands from attack

Chief executive Peter Sands is credited with devising the "Balti bail-out" that saved Britain's banks but is now under fire himself

Swiss private banking business changes hands

Details of the transaction weren’t disclosed.

Brewin Dolphin managed assets up 2 percent in June quarter

Continued growth of net external organic funds into our core discretionary service in line with our 5% per annum long term target. An additional 2% annualised growth in net funds due to successful conversion from advisory services.

Swiss Bank EFG Sets Aside $24 Million for US Tax Fine

“First-half results were adversely impacted by exceptional legal and regulatory expenses,” Chief Executive Officer John Williamson said in the statement. “I remain optimistic about the future, with the prospect of fewer distractions and

Leading private bank quitting the island

The international firm is pulling the plug on the provision of banking and wealth management services from the island.

Succession acquires eighth IFA

Succession has acquired a Halifax-based advice firm for £3m

Chinese fund groups eye UK launches

Three of China’s largest asset managers are said to be mulling UK expansion and are close to launching funds in the country.

Arbuthnot Banking H1 pretax profit up almost five fold

Pretax profit rose to 9.5 million pounds from 2 million.

Arbuthnot agrees sale of structured product business

Arbuthnot Banking Group has agreed to sell its structured product business by the next quarter of the year.

WH Ireland reports revenue increased of 12.6%

Wealth manager and stockbroker WH Ireland has reported strong profit growth in the six months to May

Discretionary wealth management group reports revenues up 50%

Revenues were up 50% at £7.3m, earnings before interest, tax, depreciation and amortisation rose by 97% to £0.81m and pre-tax profits were up 55% at £0.54m.

Julius Baer Says Russian Clients Inactive Amid Tensions

Julius Baer Group Ltd., Switzerland’s third-largest wealth manager, said its affluent Russian clients were less active in the first half of the year amid political tensions in the region.

True Potential LLP pre-tax profits up by 104%

True Potential Associate Partners and True Potential Adviser Services) remains one of the fastest-growing technology and financial services companies in the UK.

222-year-old wealth manager to take axe to dealers

The group is understood to have told 11 of its 25 London-based dealers late last week that their job is at risk

Wealth and Asset Management