02/27/2013
RBC Wealth Management net income up 24%
Net income of $2,070 million (up 8% from $1,911 million)
Wealth and Asset Management
02/27/2013
RBS absorbs Coutts regulatory costs to post wealth profit
RBS managed to absorb costly regulatory investigations into money laundering and the sale of an AIG fund at Coutts to post a wealth arm profit for 2012.
02/27/2013
UK Wealth manager ups dividend by a third
Total funds under management up 22% to £34.8 billion
02/27/2013
London mayor says EU bank bonus cap helps New York, Singapore
Bankers in Europe face a cap on bonuses as early as next year, following a provisional agreement in Brussels to introduce what would be the world's strictest pay curbs.
02/26/2013
Wealth Manager signs partnership with adviser network
Managed Portfolio suite available through national network for the very first time
02/26/2013
EFG International reports significant improvement in performance in 2012
Excluding non-recurring expenses, underlying net profit was CHF 142.5 million, up 71%.
02/26/2013
The Number’s Up For European Tax Evasion
The proposals were revealed by the European Commission
02/26/2013
Standard Life Wealth acquires Newton's private client division
The transaction is expected to more than triple SLW's discretionary assets, creating a private client wealth manager in the UK with increased profitability, significant scale and market presence.
02/26/2013
Barclays Imposes £450m Libor Bonus Hit
The Libor-rigging fallout continues for Barclays as it prepares to impose penalties on some employees over the financial scandal.
02/25/2013
Nucleus launches trusts to cater to family office trend
Firms were increasingly looking at on-platform solutions to carry out inheritance and family office planning, Nucleus said.
02/24/2013
Rathbones IM continues regional expansion
This new hub complements Rathbones’ established presence in Winchester and brings its total number of branches to 14 across the UK and Channel Islands.
02/24/2013
Two prestigious awards for Nedbank Private Wealth
The awards presented recently to Nedbank Private Wealth were an outright win of the category Best Private Bank for High Net Worth Clients US$1m to US$10m, and an equal first for Relationship Management, both for the Jersey region, under the Global Award C
02/21/2013
Nick Travis and Kevin O’Shea named in Citywire Wealth Manager’s Top 30 under 30
The entrants are decided on a combined basis of academic success, professional qualifications, and the impact they have had on the business they work for.
02/21/2013
Swiss private bank opens London office
“It fits very much within our strategy of chasing global entrepreneurs,”
02/21/2013
Sterling McCall moves £70m to Novia
Sterling McCall director Steve Moseley said that cost, functionality and usability dictated the platform switch.
02/20/2013
Nearly 60% of advisers will outsource to DFMs - research
"The research shows that RDR has been a tipping point in the use of DFMs among advisers as the challenges of operating successfully in a new environment bring the benefits into sharp relief."
02/20/2013
Sanlam acquires two more IFA businesses
Sanlam Private Wealth has acquired two new IFA businesses for an undisclosed sum
02/19/2013
Rathbones brings in deputy CEO as assets reach £18bn
Profit falls at private client and investment manager as £1m FSCS bill hits.
02/18/2013
Exclusive jewellery boxes by world renowned designers available for charity
‘The Prince’s Foundation for Children & the Arts’ and ‘Holts Academy’ supported by Coutts
02/18/2013
Global Equities Appointment - St. James's Place Wealth Management
Initial amount of approximately £2 billion and is expected to be funded within the next week.