05/11/2012
deVere Group comes out in support of increased industry scrutiny by FSA
The deVere Group is publicly championing the Financial Services Authority’s latest plans to tighten-up regulation within the wealth management sector.
Wealth and Asset Management
05/11/2012
Buyout Firms Drop Out Of Auction For Dexia Asset Management
At least two private-equity firms have dropped out of the auction for Dexia Asset Management ahead of the second round, people familiar with the situation told Dow Jones Newswires on Thursday.
05/11/2012
Lloyds private bank merges ultra and HNW units
Lloyds TSB Private Banking has streamlined its high and ultra-high net worth private client divisions by merging the two departments into a single unit.
05/10/2012
Credit Suisse opens German property fund for 1 day
If they exceed the available net liquidity of 25 percent of the fund's volume, all of the fund's assets will be liquidated, which is what will happen in the case of SEB ImmoInvest.
05/10/2012
Rathbone Brothers Reports Rise In Q1 Net Operating Incom
The independent provider of personalized investment and wealth management services stated that net operating income in Investment Management increased 11.8 percent year-over-year during the first quarter to 37.9 million pounds from 33.9 million pounds rep
05/10/2012
Barclays Swiss Bank’s Loss Widens as Expenses Increase
Barclays’s Swiss private bank reported a second consecutive annual loss last year as fee and commission income declined.
05/10/2012
HSBC In Talks To Sell South American Operations
The U.K.-based bank didn't elaborate on the talks or give financial details in a brief statement to the Hong Kong stock exchange, but said it will make a further announcement "if and when appropriate."
05/10/2012
Old Mutual Wealth Management reports 8% increase
"Nedbank maintained the momentum it established last year by delivering positive margins, strong growth in non-interest revenue and continued reductions in credit losses.
05/10/2012
Axa Wealth teams up with Ashcourt Rowan
Ashcourt Rowan has made its discretionary fund management services available on Axa Wealth’s Elevate platform.
05/10/2012
Shipman Financial acquires rival IFA
The latest deal was prompted by the retirement of co-founder John Pratt
05/09/2012
AFH launches wealth management venture
The JV enables AFH to access the influential South Wales market and grow the new brand quickly and efficiently.
05/09/2012
Business models: New entrants pose challenge to old guard
But in recent years, an unheard of trend has emerged: new rivals have entered the fray, challenging the business models of longstanding incumbents. Some
05/09/2012
Philanthropy: Rich seek better guidance on how to give away cash
In less than a decade, philanthropy offices have become an integral part of the world’s largest private banks and wealth management providers.
05/09/2012
Independent financial advisers trusted by UK millionaires
The results of the latest millionaire monitor survey show that a third of those surveyed would trust a financial adviser to handle their money, give them good advice and help them meet their financial goals.
05/09/2012
F&C sees fresh outflows as strategic review nears
Several other asset managers including Aberdeen Asset Management and Jupiter Fund Management have reported inflows this year as investors regain their appetite for riskier products.
05/09/2012
Moscow Is The Home For The Super Rich?
Moscow is now the new home for billionaires all over the world.
05/09/2012
Give to charity at a cash machine
People will be able to make charitable donations at the same time as withdrawing money from thousands of cash machines across the UK from this summer.
05/09/2012
Blockbuster bank deals thing of the past, RBC head says
The days of the blockbuster deal in the banking sector are over.
05/09/2012
Perspective Financial Group acquires Ad Valorem Wealth Management
“Both are profitable and successful firms that have owner-managers who wish to utilise the significant support of the group and our other offices to continue growing their individual offerings.”
05/08/2012
Managers advised to downshift their focus to ‘core millionaires’
The report says that – to capture pre-financial crisis levels – private banks need to expand their focus beyond the ultra-wealthy clients to serve so-called “core millionaires”, who are expected to generate 80 per cent of net new r