04/24/2013
SJP funds under management grow 12% in Q1 to £39bn
He's very pleased to be reporting another quarter of strong growth in new investments.
Wealth and Asset Management
04/24/2013
Stephen Lansdown nets £53m in share sell-off
An announcement on the Stock Exchange reveals Lansdown sold the shares.
04/24/2013
Post-RDR business upswing triggers Beacon Wealth hires
Cambridgeshire-based Beacon Wealth Management has put its recruitment plans into place earlier than expected
04/24/2013
UK wealth managers enduring post-RDR slump in confidence
A study from Pershing examines the extent to which UK wealth managers are being forced to re-examine their value proposition in light of the implementation of the RDR.
04/24/2013
Tier One's ex-Coutts duo insist suitability doesn't mean standardisation
While it remains to be seen how this will play out under the Financial Conduct Authority, recent start-up Tier One Capital – founded by former Coutts managers Stephen Black and Ian McElroy - is trying hard to walk the line between these two extremes
04/23/2013
Fund and wealth managers unite to criticise the EU
enior players in a raft of City firms have signed up to Business for Britain
04/23/2013
Credit Suisse Profit Soars in First Quarter
High returns, strong client franchises, reduced cost base and lower risk- weighted assets:
04/23/2013
Barclays first quarter profits fall 25%
Barclays expects to make a further £500m charge later this year.
04/23/2013
7IM profits up 12% despite £123k FSCS hit
Despite the cost of the additional levy, the strong asset numbers combined with continued tight cost control.
04/22/2013
Traders and fund managers swap the City for the slopes ... and keep working
Ski resorts such as Chamonix and Verbier are becoming centres for financial services
04/22/2013
Ashcourt Rowan sells personal pensions admin business
Ashcourt Rowan has agreed to sell its pension trustee companies
04/22/2013
HSBC to scrap over 1,100 wealth management jobs
HSBC will cut 3,166 wealth management jobs based in the UK
04/21/2013
Church of England vows to use shareholdings to block big bonuses
Most high profile investors to put pressure on News Corp in the wake of the phone-hacking scandal.
04/21/2013
Brooks Macdonald discretionary FUM up 7.6%
Brooks Macdonald Group has announced an update on its funds under management for the quarter ended 31 March 2013.
04/21/2013
Coutts launches new range of payment cards
The Silk Charge Card and Black Credit Card
04/18/2013
Pope Francis redirects employee bonuses to charity
Francis told journalists a few days after his election that he wanted a “poor church, for the poor,” and he has brought a simpler and more sober style to the papacy.
04/17/2013
Deutsche Bank Plans Cap on Pay for Co-CEOs
The curbs, put forward by the bank's supervisory board for approval next month by shareholders, are likely to be replicated beyond this year, the report said.
04/17/2013
Hargreaves Lansdown’s funds post a record £4.7 billion leap
Financial services group, saw a record rise of £4.7 billion in the funds it manages in the last three months, taking the total to £35.1 billion.
04/17/2013
SYZ & Co Increases Stake In Italian Banking Group
Based in Milan and with offices in Rome, Bologna and Reggio Emilia
04/16/2013
Goldman Sachs private bank wins UK licence
The UK entity is authorised to carry out several functions, including: deposit-taking; advising on investments; dealing on an agency and principal basis; and the safeguarding and administration of assets, according to the FCA filing.