09/29/2022
Hargreaves axes CT Equity Income from wealth list on Colwell exit
The stockbroker said the departure of Richard Colwell, who had run the strategy since 2010 as head of UK equity, had prompted it to remove the fund from its buy list.
Wealth and Asset Management
09/29/2022
Quilter’s WealthSelect remains ‘risk off’ with portfolios positioned for recessionary environment
The move reflects Clark’s view that gilts face greater headwinds due to higher UK inflation
09/29/2022
CS: Capital requirements in the billions are becoming more concrete
The main reason for this is the assumption that the sale of business units may not be enough to maintain an adequate capital base given weak organic capital generation, difficult market conditions and upcoming Basel III reforms.
09/28/2022
EFG economist: Unprecedented SNB rate hike was 'surprisingly dovish'
Markets expect a further 0.75 percentage points rate hike by the end of 2022, but GianLuigi Mandruzzato is not sure this will happen.
09/28/2022
Emerging markets offerings to dominate wealth management industry growth
Followed by acquisitions of smaller players
09/27/2022
Credit Suisse launches its inaugural Single Family Office Index and 2022 SFO Survey Report
In terms of assets, the index only covers bankable assets with the exclusion of others such as unlisted equities, direct real estate or collectibles.
09/27/2022
Germany: further decline in IFO expectations
Rises of electricity and gas have pushed up PPI inflation; prices of intermediate and manufacturing goods prices were down over the month.
09/27/2022
Royal Bank of Canada completes acquisition of Brewin Dolphin
Deal creates premier wealth manager in the UK, Channel Islands and Ireland
09/27/2022
Credit Suisse Group is well on track with its comprehensive strategic review
The Board of Directors and the Executive Board are considering alternatives that go beyond the conclusions of last year’s strategic review.
09/27/2022
Close Brothers Group: Preliminary Results
The group delivered a solid performance with strong income growth in Banking
09/27/2022
The private equity platform heavyweights targeting wealth managers
iCapital head of international Marco Bizzozero and PM Alpha chief executive Tom Douie make the case for wealth managers to invest in private equity.
09/26/2022
abrdn global loans head takes on high yield fund manager role
Expansion of responsibilities
09/26/2022
Citi to wind down UK retail banking ops to focus on wealth management
The news comes months after Citi said it would exit its Citibanamex consumer banking business in Mexico, ending a 20-year retail presence in the country.
09/26/2022
Kingswood to enter Ireland with €25mn adviser purchase
The deal, which is still subject to regulatory approval, will see Kingswood take a 70 per cent stake in the business for a total cash consideration of €25.8mn (£23.4mn).
09/26/2022
SJP merges four funds to create GBP4.3 billion UK Equity Income Fund
The fund will aim to be 80 per cent+ invested in UK equities but will also invest in a mix of asset classes which will include global equities, global fixed interest and index-linked securities.
09/23/2022
Solid performance for Brooks Macdonald International in annual results
The results also reflect the full year impact of the Lloyds Channel Islands business, which was acquired in late 2020.
09/23/2022
Strong first half and upbeat profits outlook lifts Investec shares
Management expects strong earnings for the first half of its financial year, despite tumultuous market conditions and continued macro-economic uncertainty.
09/23/2022
British astronaut tops the bill for Guernsey Private Wealth Forum
The theme of this year’s Private Wealth Forum is ‘Families Investing in the Future’, and will explore the importance of the next generation, succession planning and incorporating new and innovative technologies.
09/22/2022
Evelyn Partners acquires Arena Wealth’s investment management business
Evelyn Partners will continue to work with Arena Wealth on an ongoing basis, as the firm’s partner of choice for investment management.
09/22/2022
Landbay partners with 2plan wealth management
Providing industry-leading service to brokers and financial advisers is one of the most important aspects of how we run our business, and we recognised straight away that the same was true for 2plan.