- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Pressure mounts on Credit Suisse chief

Switzerland’s central bank suggested Credit Suisse should raise fresh equity from shareholders, scrap its dividend or shrink its risk appetite further.

Wealth managers 'undecided' on independent versus restricted

The FT reports responses to its annual wealth management survey show 19 firms have not made a decision about their service offering as of next year, including Towry, Barclays, Coutts and Co, Charles Stanley and Killik and Co.

New HNW provider targets broker market

The firm, which was launched by HNW insurer Aqua and former Hiscox head of motor, Ashley Cole, was set up in March this year.

The wealth firms which will (and won't) be independent post-RDR

Those committed to independence include Equilibrium Asset Management and Investment Quorum

Combined wealth of UK’s ultra rich tops $1.3 trillion - Research

Wealth-X has released a report on the ultra high net worth (UHNW) population in the United Kingdom.

Luxury brand Mulberry delivers strong results

Profit before tax up 54%

7IM to look at execution-only set-up for advisers

The service, which 7IM plans to launch in the next 18 months, would allow investors to view their portfolios and make transactions.

Many advisers not ready for RDR regime

At the same time, firms will have to change the way they describe their advice – choosing to declare their range of services as either “restricted” or “independent”.

Wealth managers defy gloom to splash out on headcount

Wealth managers are on a hiring spree as they seek to take advantage of a steady rise in the number of millionaires across the world despite the economic environment.

Italy's exclusive Billionaire club to close

In contrast, the exclusive nightclub in Porto Cervo flourished under Silvio Berlusconi, who has a large villa just along the coast and is a friend of Mr Briatore.

7IM seeds Pacific fund

The fund is not available direct to the retail market but can be accessed through 7IM model portfolios.

India replaces Spain as top 10 wealth market - Datamonitor

Despite continued setbacks in the global wealth market, affluent individuals will rise by 20 million per year, and India will continue to climb within the top 10 wealth markets list, research by Datamonitor has suggested.

Economy: Morocco, wealth from sectors ignored by banks

The reasons for this are thought to be historical. With the exception of Morocco's Credit Agricole, ''banks have not developed specific knowledge in financing of this sector, which needs the implementation of custom-made products,'&

Charles Stanley profits drop 37% on euro woes

Charles Stanley, the stockbroking and investment management group, reported pre-tax profits fell 37% to £8.5m for the year ended 31 March 2012.

UK Private Bank taps new non-executive director

During this period, he also held several concurrent roles, which involved overseeing Fidelity’s businesses in Spain, the Nordic Region, the Middle East and Africa, and India. He also spent seven years of his career at Fidelity based in Hong Kong.

UAE-based Wealth Management company opens Switzerland office

Having been in the financial services industry for over 7 years and previously in charge of Geneva for Guardian Wealth Management, Aaron Pacitti is well placed to take on the role of Senior Vice President at Globaleye SARL.

French farce as British expats face a shock £8,000 fine

The French Government is using a stealth ploy to squeeze extra cash from foreigners to help pay off its whopping €1.7 trillion national debt.

Walker Crips profit dips

Net revenue (gross profit) down 2.8% to £14.57 million (2011: £14.99 million)

Wealth managers and stockbrokers are going to have to know their clients better

They are also going to have to “know their clients” better than in the past and demonstrate suitability more rigorously than they may be used to.

New Approach to Portfolio Construction Required, say UK Financial Advisers - study

Against the backdrop of volatile markets, seven in ten advisers (71%) say the majority of their clients are conflicted between pursuing return and protecting capital. Advisers, recognising their clients' anxiety and the need for more durable portfoli

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