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Wealthy Swiss Hoard Cash, See Doom for Euro

In Switzerland, 58 percent of private banking clients have lost confidence in the financial system. Forty-four percent worry about inflation.

Axa Wealth to facilitate adviser charging on all products

Under the FSA’s adviser charging rules, it will be possible to deduct the advice fee from funds held within the investment product.

Lombard Odier to Meet Target as Swiss Banks Lure Spanish Funds

Client inflows will at least match last year’s 7.2 billion Swiss francs ($7.4 billion), helping to maintain profitability, Droux said in an interview in Solothurn, Switzerland. The bank is targeting 7 billion to 8 billion francs, he said.

Vatican’s bank moves to lift veil of secrecy

It was an effort to demonstrate the Vatican’s latest attempt at modernity and transparency – and came just before a key meeting next week of international anti-money laundering experts.

Brewin launches portfolio service for smaller clients

The firm said this would be aided by an internal platform, developed by SEI, which has been designed to handle volume.

Heartwood shows £95m uplift in new funds ‎

Wealth management firm Heartwood has boasted another year of strong growth in its core discretionary assets, with an £94.8m of net new funds and funds under management hitting £1.46bn.

Allocation to gold drops to almost half, says Scorpio Partnership

The survey also assessed anticipated changes to allocations over the coming six months.

Dexia in final talks to sell asset management unit

The sale will be the final stage in the bank's dismantling program, which began last October. In nine months, Dexia has made six asset sales for a total value of about 8.7 billion euros ($10.9 billion), it said.

Rothschild Trust creates Senior Advisor Platform

Rothschild Trust is creating a Senior Advisor Platform with a select group of the world’s leading wealth planners and trusted family advisors.

Commerzbank to pay staff bonuses by selling shares

Around 60 percent of the employees have decided they would not keep the shares but would instead sell them immediately to institutional investors, with Commerzbank itself and Deutsche Bank AG acting as bookrunners.

Pressure on Barclays boss to quit

Shares in the lender arre down 8% as Prime Minister David Cameron said the bank had "some serious questions to answer" and Opposition leader Ed Miliband called for a criminal investigation.

Barclays voted worst bank by Good Housekeeping readers

With more official complaints made about Barclays than any other UK retail bank

Swiss, Austrian Wealth Clients Shun Risk as 22% Expect Euro Ruin

The majority of private-banking clients remain risk- averse,” Vaduz, Liechtenstein

French Tax Shield Costs Rise In 2011

The tax shield, which limits direct taxes in France tax, wealth tax, and local taxes

StanChart sees first-half pretax profit growth below 10 percent

The Group has had a strong start to the year, with income for the first six months of 2012 expected to grow at a high single digit rate over the comparable period in 2011.

St James's Place is still number one

ONCE again, wealth management company St James's Place is in the number one spot in the Top 100 Gloucestershire Businesses list.

Italy offers state aid to world's oldest bank

Italy offered up to 2 billion euros on Tuesday to plug a capital gap in the bank Monte dei Paschi di Siena, the second time in three years the cash-strapped state has had to bail out the world's oldest bank.

Managers prepare to Fatca-proof wealthy

Non-US financial institutions must sign an agreement with the IRS by June 30 2013 to identify and report on clients with links to the US and more than $50,000 in an account.

Cheltenham-based IFA firm in £725k deal

Today’s announcement marks AFH’s eighth acquisition since the company’s flotation in June last year.

Thomas Miller Investment’s private client business targets clients with £250k after softly-softly launch

He also lured his former colleague, Andrew Herberts, an investment director at Adam, to join the new business which will target individuals with at least £250,000 to invest.

Wealth and Asset Management