11/17/2013
Rothschild & Cie Gestion launches in Italy
Paris-based asset management company Rothschild & Cie Gestion has opened a branch in Milan, joining Rothschild Global Financial Advisory which has already been in the Italian market for 20 years.
Wealth and Asset Management
11/17/2013
New York overtakes London as world’s top financial centre
“London’s decline seems to be accelerating as it loses ground to traditional competitors as well as the rising markets of the East. As London falls, Hong Kong and Shanghai are gaining ground.”
11/14/2013
ABN Amro Net Profit Rises 11%
Chief executive Gerrit Zalm said the results are ‘satisfactory’ given the difficulties still facing the Dutch economy.
11/14/2013
Wealth managers expect equity fund charges to fall to 50bps
An exclusive Wealth Manager survey of the top 100 private client fund selectors found a large proportion expected fund charges to be squeezed down further.
11/14/2013
Mirabaud Strengthens Its Asset Managemant Business In Switzerland
Mirabaud is continuing to align its legal structures with its business lines and is grouping its Swiss asset management activities into a single entity.
11/14/2013
Crowdfunding Gets Entrepreneurs Knocking on Wealth Manager's Door
InvestedIn's Partnership with My New Financial Advisor brings platform to wealth managers
11/13/2013
Bedlam Asset Management shuts down after loss of key client
The consequences would be a material fall in fee income, with resultant losses at an unacceptable level.
11/13/2013
Discretionary Inflows Boost Charles Stanley’s Profits
Charles Stanley sees a boost in assets and profits as its discretionary and execution-only services attract inflows.
11/13/2013
Charles Stanley acquires Evercore Pan Asset Capital
Charles Stanley Group PLC announces that it has exchanged contracts to acquire the entire issued share capital of Evercore Pan Asset Capital Management Limited
11/13/2013
Walker Crips revenue for 6 months to Sept 30 up 10%
Walker Crips booked a first-half pretax profit of £2.2m, from £7.7m. Revenue was £9.7m, from £8,8m.
11/13/2013
Ashcourt Rowan announces charity partner
Through a series of events and fund-raising activities, the wealth management group will seek to raise £50,000 over a two-year period.
11/12/2013
Liontrust's profits surge by 326% as inflows spike upwards
Assets under management reached £3.4 billion at the end of September, up from £2.4 billion year-on-year with the £315 million net inflow a massive surge from the £189 million it attracted in the same period last year.
11/12/2013
Marketing to HNW clients
Most private banks do not offer a comprehensive financial planning service. Solutions tend to be purely product or investment-led, with little regard for the client’s long-term financial plan
11/12/2013
SJP non-exec chairman steps down amid board changes
St James’s Place has announced a number of changes to its board of directors as non-executive chairman Charles Gregson steps down to be replaced by senior non-exec director Sarah Bates.
11/12/2013
Chase de Vere moves into the HNW market
National advisory firm Chase de Vere has created a specialist division to service high-net-worth individuals, promoting Darren Pearce as head of the team.
11/11/2013
Smith & Williamson wins Citywire Performance Award for Steady Growth
Smith & Williamson ranks among the top ten independently owned wealth managers* in the UK, with over £14 billion of funds under management and advice (as at 30 September 2013).
11/11/2013
Sanlam eyes merger in move to streamline UK-based operations
Sanlam is to streamline its business in the UK and is considering merging its Sanlam Private Investments (SPI) arm and Sanlam UK brands.
11/11/2013
Barclays Says Swiss Bank Is Vital for Wealth Management Unit
The Geneva-based unit isn’t profitable
11/10/2013
Wealth and Discretionary Managers Drive Equity Fund Sales
Pridham Report says bumper equity fund sales down to wealth and discretionary managers after mass market ‘falls into advice gap’.
11/10/2013
The Cogs Driving the Investment Engines in UK Wealth Management
We have trawled the sector to identify the individuals with significant influence over fund selection processes at their companies.