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

deVere Group launches Italian office

The Group aims to have 100 offices worldwide within the next five years.

Dexia AM presents its asset allocation outlook for the second half of 2012

The situation is still precarious. Any excessive disappointment could send us into a new cycle of stress, which is the main driver of negotiations in Europe. The psychological battle between countries is feeding the rumour mill and heightening market vola

The RDR Inquiry - 2plan wealth management research

The White Paper, entitled, ‘The RDR Inquiry’ was independently commissioned and not designed to reflect the opinions of 2plan or its members.

IFAs realise value of having access to a broad range of cash deposit products on wrap platforms - Research

“The role of cash deposit products/rates on wrap platforms will change substantially over the next few years. It is up to those IFAs to spend more time on this element of a portfolio to potentially gain a significant advantage for their client.&rdqu

Heartwood to offer model portfolios via Novia platform

Heartwood has announced that it will be offering its model portfolios via the Novia platform.

Coutts creates framework to align job roles globally

Coutts has created a global career framework that clearly defines career levels and job roles to make its reward and pay more transparent across 12 countries.

Former consultant takes over financial adviser Dunedin's assests

The remaining assets of a collapsed independent financial advice firm in Glasgow have been taken on by one of its former consultants.

Wealthy Swiss Hoard Cash, See Doom for Euro

In Switzerland, 58 percent of private banking clients have lost confidence in the financial system. Forty-four percent worry about inflation.

Axa Wealth to facilitate adviser charging on all products

Under the FSA’s adviser charging rules, it will be possible to deduct the advice fee from funds held within the investment product.

Lombard Odier to Meet Target as Swiss Banks Lure Spanish Funds

Client inflows will at least match last year’s 7.2 billion Swiss francs ($7.4 billion), helping to maintain profitability, Droux said in an interview in Solothurn, Switzerland. The bank is targeting 7 billion to 8 billion francs, he said.

Vatican’s bank moves to lift veil of secrecy

It was an effort to demonstrate the Vatican’s latest attempt at modernity and transparency – and came just before a key meeting next week of international anti-money laundering experts.

Brewin launches portfolio service for smaller clients

The firm said this would be aided by an internal platform, developed by SEI, which has been designed to handle volume.

Heartwood shows £95m uplift in new funds ‎

Wealth management firm Heartwood has boasted another year of strong growth in its core discretionary assets, with an £94.8m of net new funds and funds under management hitting £1.46bn.

Allocation to gold drops to almost half, says Scorpio Partnership

The survey also assessed anticipated changes to allocations over the coming six months.

Dexia in final talks to sell asset management unit

The sale will be the final stage in the bank's dismantling program, which began last October. In nine months, Dexia has made six asset sales for a total value of about 8.7 billion euros ($10.9 billion), it said.

Rothschild Trust creates Senior Advisor Platform

Rothschild Trust is creating a Senior Advisor Platform with a select group of the world’s leading wealth planners and trusted family advisors.

Commerzbank to pay staff bonuses by selling shares

Around 60 percent of the employees have decided they would not keep the shares but would instead sell them immediately to institutional investors, with Commerzbank itself and Deutsche Bank AG acting as bookrunners.

Pressure on Barclays boss to quit

Shares in the lender arre down 8% as Prime Minister David Cameron said the bank had "some serious questions to answer" and Opposition leader Ed Miliband called for a criminal investigation.

Barclays voted worst bank by Good Housekeeping readers

With more official complaints made about Barclays than any other UK retail bank

Swiss, Austrian Wealth Clients Shun Risk as 22% Expect Euro Ruin

The majority of private-banking clients remain risk- averse,” Vaduz, Liechtenstein

Wealth and Asset Management