05/19/2014
IFG gets off to strong start with trading in line with expectations
Financial services group IFG said it had a good start to the year, with trading in line with expectations as momentum in new business was maintained.
Wealth and Asset Management
05/19/2014
Are underqualified CF30s the biggest risk to your business?
Freedman’s observation comes after an unsuccessful six months spent interviewing CF30s to join the company
05/19/2014
DWS Strategic Equity Long/Short Fund brings liquid alternatives to DeAWM clients
Alternative mutual funds are a critical part of our overall Americas strategy
05/19/2014
Sam Leith: Now money talks louder than ever
In an odd way, ambivalence about rich foreigners parallels how Ukip thinks about poor foreigners
05/19/2014
Asset managers look to broaden their horizons
It is “the most romantic and treacherous of business challenges”, according to Hendrik du Toit, chief executive of Investec Asset Management. Yet asset managers are still looking to broaden the global sweep of their business as they seek growt
05/16/2014
Old Mutual Wealth doubles net sales in Q1
Old Mutual Wealth has more than doubled its net sales to £1.1bn in the first quarter of 2014
05/16/2014
ABN Amro Profit Hurt by Bad Loans
Dutch bank ABN Amro Group NV said Friday that first-quarter net profit fell 25% as it set aside more cash to cover bad loans and on costs related to the rescue of a local rival.
05/15/2014
Van Lanschot - Implementation of wealth management strategy on track
Client assets grow to € 55.9 billion
05/15/2014
New offices and expanding team for Leeds wealth management firm
Mitchell Wealth Management expanded its operations with new personnel at its base in The Calls, Leeds, as well as moving into additional office space to keep up with expansion.
05/15/2014
Kleinwort Benson Wealth Management AuM marginally down
Improved Banking margins and Treasury performance helped drive a small uplift in revenues at Kleinwort Benson Wealth Management AuM was down marginally at £5.7 billion (31 December 2013: £5.9 billion).
05/15/2014
Banks say bonus clawback rules may be unenforceable
Lobby group BBA responds to tough new proposals from the Bank of England
05/15/2014
HSBC says bonus for chairman Douglas Flint capped at 1 million pounds
Banking group HSBC Holdings Plc has attempted to head off investor criticism over a new pay plan, capping any share bonus for its Chairman Douglas Flint this year at 1 million pounds and saying it would be a one off.
05/15/2014
Manchester-based stockbroker scoops retail award from Hargreaves
Manchester-based stockbroker has built its business, and won the Financial News's award for Best Retail Sector Pensions Provider, off the back of both product innovation and punching above its weight in the public debate.
05/15/2014
Investment firm snaps up East Midlands IFA
The purchases mark the beginning of an ‘ambitious’ expansion programme for the recently established AIM quoted group as it plans to assemble a national financial services business.
05/15/2014
WealthSelect helps Old Mutual sales double to £1bn
CEO Paul Feeney said: "We are taking high quality wealth management services and making them available to all retail investors through our platform where they can view their investments at any time via our new online customer centre.
05/14/2014
Advisers build brisk business with legal services arms
Loughborough-based Chesterton House Financial Planning also recently launched a solicitor arm
05/14/2014
Pictet launches Diversified Alpha multi-strategy fund
The Diversified Alpha investment committee is chaired by Pictet head of total return equities Philippe de Weck
05/14/2014
Societe Generale Securities Services appointed by Wells Fargo Asset Management as its Correspondent Bank in Italy
SGSS was selected for its widely-recognised expertise as a correspondent bank and its capacity to accompany Wells Fargo Asset Management
05/14/2014
Pimco outflows dent Allianz asset management earnings
German insurer Allianz saw 21.7 billion euros in net investment outflows from its bond fund manager Pimco in the first quarter, hurting performance fees and contributing to a 28 percent decline in asset management operating profit.
05/14/2014
Rathbones buys law firm as it continues hunt for opportunities
Our outlook remains optimistic with the impact of recent acquisitions expected to have a positive effect on earnings in 2015