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Evelyn Partners trading update for the three months ended 31 March 2024

Group operating income in Q1 increased 9.5% to £178.0 million (Q1 2023: £162.5 million) with growth across all three business segments.

J Safra Sarasin launches private markets advisory arm

Private banking group recruits trio of senior bankers to lead new initiative.

Family office takes majority stake in SwissComply

Wille Finance has provided compliance-outsourcing provider SwissComply with new capital the latter can use to make targeted acquisitions.

Wealth management firm eyes rapid expansion

Financial advisers seek likeminded businesses in 10th anniversary year

Another Swiss private bank expands to Dubai

The company speaks of a “strategic milestone” in expanding its presence in the Middle East and improving its ability to serve customers in the region.

Nedbank Private Wealth recognised as best UK private bank for tenth consecutive year

Winners are determined by a public online vote, which this year saw a new record of over 50,000 votes being cast.

Rock and GAM enter into commitment letter for the proposed rights issue

The proposed rights issue of up to CHF 100 million will be offered to all existing shareholders.

Availability of conversion capital for UBS Group AG Additional Tier 1 instruments issued since November 2023

As a result, as from such date, these instruments are subject to equity conversion (and no longer subject to write-down) upon the occurrence of a trigger event or a viability event.

J.P. Morgan Asset Management launches short-term EUR denominated fund

The fund will invest in short-term euro-denominated government or government-backed debt securities

ZEDRA confirms completion of fiduciary services business from AlTi Tiedemann Global

LJ Fiduciary and APO will shortly be rebranded and merged into the existing ZEDRA Group.

ZEDRA announces streamlined Escrow Solution for Pension Schemes of all sizes

The introduction of the solution comes following the reduction of the tax rate on surplus, from 35% to 25%.

LGT Wealth Management moves to new Edinburgh HQ and announces senior hire

Private banking and asset management group heads to Capital Square

Iress sells portfolio management software as it streamlines UK operations

Pulse, which was purchased by Iress in 2015, provides portfolio management services to UK private asset managers working with clients on a discretionary basis.

UBS ponders dealmaker bonuses for funnelling clients to wealth unit

The Swiss bank is looking to close the gap on US private banking rivals

Wealth managers uncertain over inflation path for this year

Wealth managers have their own forecasts over inflation trends for this year.

SJP takes 20% stake in partner firm’s group

The wealth giant has bought into Cooper Associates Group, parent company of partner firm Cooper Associates Wealth Management.

Schroders files application to launch wealth LTAF

The new strategy will have a lower investment minimum that will allow wealthy clients with smaller portfolios to access private equity.

Achieving scale in wealth management through innovative technology automation

Assets under management in the global wealth management market are expected to grow to £118 trillion in 2027

Weatherbys Banking Group reports doubled pre-tax profits in 2023

The group’s return on equity increased to 34.2%, and the net interest margin rose to 4.82%.

Investec W&I suffers £600m net outflows following investment manager departures

Offset Rathbones’ positive wealth management inflows over the quarter

Wealth and Asset Management