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The allure of investing in ‘treasure’

Richard Clark and Simon Patterson, Private Bankers at Barclays Wealth and Investment Management, Newcastle, investigate the allure of investing in treasure. They pose the question: profit or pleasure?

GAM assembles investment advisory board for private client unit‎

Asset manager Gam has created an investment advisory board for its managed portfolio business to be chaired by the managed portfolios global head of investments Graham Wainer.

Succession signs up £120m SJP firm

Simon Chamberlain, Succession chief executive (pictured), said advisory firms planning to grow needed to look beyond a traditional network.

EFG International's Major Shareholder Severs All Links To Greek Bank

The changes announced by EFG Group today should, once and for all, remove any misconceptions relating to EFG International and its exposure to risks arising from the Greek Sovereign Debt crisis.

Shareholder rallies against Lighthouse concession

The comment, made by Paul Mumford, senior investment manager at Cavendish Asset Management and owner of Lighthouse Group shares as part of his AIM Fund, was made following a Lighthouse statement to shareholders sent out this morning.

Man Group cuts $100 million of costs as assets tumble ‎

“Against a turbulent market and economic background, Man’s funds under management have declined in the period principally as a result of continued net outflows and the deleveraging of our guaranteed products

Hungarian rich people are doing just fine - Research

When one sees stories about banks in Hungary, they tend to be tales of woe, both for the banks and the people they (used to) lend to. Not so much for private banking, a line of services that caters to the very top tier of the consumer market, i.e. rich pe

Super rich hold $32 trillion in offshore tax havens

The study estimating the extent of global private financial wealth held in offshore accounts - excluding non-financial assets such as real estate, gold, yachts and racehorses - puts the sum at between $21 and $32 trillion.

Credit Suisse won't sell investment bank: Rohner

Credit Suisse, which last week announced it was increasing its capital base by 15.3 billion Swiss francs, would "seek to optimize its current investment bank model," Rohner told the newspaper.

UK Wealth Management at the tipping point?

Since 2008, the financial sector has undergone significant upheaval. It has witnessed the demise of major market participants and experienced intense regulatory scrutiny and change.

Wealth manager to launch DFM performance comparison service

Advisers who are concerned that it is impossible to compare discretionary fund managers’ model portfolios could be about to get a solution, as a wealth manager gears up to launch a performance comparison service.

Aberdeen Asset Management client inflows slow

Aberdeen Asset Management, the UK fund manager, reported a slowdown in new client inflows in its third quarter as global economic uncertainties dampened demand for its fund products.

Mirabaud launches fund for former BlackRock star

Mirabaud Asset Management has recruited three investment analysts in London to support Daniel Tubbs to manage a long-only UCITS investment fund, which will focus on emerging market equities.

Sesame begins roll-out of IRESS advice platform

IRESS, which principally builds and supplies wealth management systems in Australia, first entered the UK market in November last year. It secured a deal with Sesame Bankhall shortly afterwards.

Rothschild Anoints Alexandre Heir As Family Cements Reign

Today, as the firm undergoes a generational shift to younger bankers, he’s being groomed to run Rothschild and succeed his 69-year-old father, David, within five years, according to three people with direct knowledge of the plan.

Walker Crips sees group net revenue decrease 5%‎

Walker Crips saw its group revenue fall by 31% during the second quarter after completing the sale of its asset management arm to Liontrust.

Pritchards boost helps WH Ireland assets hit £1.5 billion ‎

In the half year ending 31 May 2012, WH Ireland made a profit before tax of £0.2 million and an adjusted profit before tax of £0.5 million on turnover that increased by 10.4% to £12.6 million.

Temasek, SE investors set to invest in major European bank

The Swiss bank announced Sfr15.3bn ($15.65bn) of capital raising measures, including Sfr3.8bn of mandatory and contingent convertible securities, as it pushed out second-quarter results one week earlier than expected.

How Thomas Miller Investment plans to crack wealth management

His comments come as the firm launches into the onshore market, with Balfour and Adam & Company’s former head of investment management Harry Morgan (pictured) and investment director Andrew Herberts at its helm.

HNWIs across Europe say eurozone will survive: J P Morgan study

The survey also asked for their outlook on the best performing sector of 2012.

Wealth and Asset Management