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

Brooks Macdonald readies for RDR with £4.4m acquisition

Pre-tax profit was £8.5m on revenue of £53.3m compared to £7.3m off £52.2m a year earlier.

Italy's Azimut breaks €17bn AuM mark

Assets managed by the company stood for the first time above €17bn, and €19.1bn assets under administration.

AFH Financial buys IFA firm

"IFA adviser numbers have also grown from 53 at the time of flotation last year to 91 at the start of September.

ARC launch new Charity Indices

The ARC Charity Indices allow charity portfolio performance to be compared versus a realistic and sizable peer group of charities whose portfolios have exhibited similar volatility characteristics.

Credit Suisse clients may withdraw $37 billion over tax in next few years

Credit Suisse could see clients in western Europe withdraw up to a net $37 billion in the next few years as Switzerland bows to pressure to stop foreigners using secret offshore accounts to evade taxes.

Wealth ‘doesn’t always equate to happiness’

GREAT wealth can cause great conflict, according to Barclays specialist Catherine Grum.

France’s biggest bank Details Plan to Expand U.S. Wealth Management

France’s biggest bank, embarked on a five-year plan to expand services to affluent U.S. clients as the company looks to businesses beyond its core European market for growth.

Private client wealth manager celebrates

In an environment of falling interest rates, heightened market volatility, increasingly correlated share price movements and relentless inflationary pressure, finding a lower risk investment solution capable of preserving wealth in real terms has proved a

Family Businesses prove resilient - RESEARCH

Credit Suisse Family Business Index has outperformed the market over the past 5 years by 8%

Investec’s acquisition boosts Aum

Williams de Broë has been swallowed up by Investec Wealth and Investment in an acquisition that has boosted IW&I’s assets under management to £20bn, Jonathan Wragg has claimed.

Arbuthnot Latham turns to Swiss for overseas ambition

Arbuthnot Latham is looking to launch an offshore arm as it gears up for growth under the leadership of new chief executive James Fleming.

JP Morgan Private Bank Sponsors Major UK Philanthropy Award‎

J.P. Morgan Private Bank is to sponsor the UK-focused 8th biennial Beacon Awards for Philanthropy, which honor individuals for exceptional work and best standards in the sector.

Barclays could cut controversial tax unit, says Rich Ricci

Barclays could cut its controversial tax advisory unit as well as stop the sale of complex products to small business customers as part of a review of its scandal-hit investment banking arm.

Deutsche Bank to cut costs and bonuses

Bank signals more jobs could go amid plans to cut costs by €4.5bn a year and slash bonuses to senior staff

France’s richest man turns to Belgium as wealth tax looms

He lives in Paris and has a home in Brussels, the daily said. “Contrary to the reports published today, Mr Bernard Arnault states that he is and will remain a French tax resident,” a statement put out by Arnault’s press office said.

Nice little earner: Billionaire to pocket £45m in investment firm dividends

He led a management buyout of Ashmore from Australia's ANZ bank in 1999, owns 42 per cent of the shares in the firm which specialises in emerging market investment.

Cheshire firm boosts assets by £22m with acquisition‎

Clarion, which has 13 staff, has around £100m funds under management.

Skandia brand to disappear as Old Mutual overhauls wealth arm

The unit falls under the remit of the Wealth Management businessrun by former BNY Mellon head of distribution Paul Feeney.

Deutsche Bank CEOs Tackle Ackermann Legacy in Overhaul

Deutsche Bank co-Chief Executive Officers Anshu Jain and Juergen Fitschen, less than four months after taking over from Josef Ackermann, may be preparing the largest revamp at Europe’s biggest bank in eight years.

U.K. Rich Unmoved by Tax Hike as Luxe-Home Sales Surge

The British government’s plan to raise a tax on luxury-home purchases sparked a last-minute dash by real-estate brokers to wrap up deals before the deadline hit in March. They needn’t have bothered.

Wealth and Asset Management