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

GAM warns on profits as it takes £350m hit

The impairment charge means Gam expects to report a net loss of £338m for the first half of 2020, compared with a £42m net loss for the same period last year.

Close Brothers announces new CEO

Adrian will take up the new position, and become an Executive Director of the group, with effect from 21 September 2020.

Sanlam shuts offices and freezes pay in Covid-19 fallout

Sanlam has shut three regional offices and frozen pay as part of a widescale cost-cutting plan in the wake of the pandemic, Wealth Manager has learned.

Money showers by Rathbones

The UK debt to GDP ratio has now surged above 100% for the first time in almost 60 years, although it is still well below many other developed nations.

Rathbones expands multi-asset range

They will invest globally in a combination of government and corporate bonds, listed company shares, structured products and derivatives.

RJMG acquires ex-Goldman duo's UK wealth boutique

The independently owned fund manager purchased Monogram, which was set up by ex-Goldman Sachs Wealth duo, headed by Milena Ivanova.

GAM expects to report 1H loss of 400 mln Sfr

This update is as a result of expected impairment charges on intangible assets driven by the impact of Covid-19 on the Group’s assets under management.

Irish asset manager sets up wealth operation

It will be run by three former private bankers

Death of Alain Leclair, founder and former CEO of Paribas Asset Management

An emblematic figure within asset management

Goldman Sachs raises 12-month gold price forecast to $2,000

Goldman has also raised the three-month and six-month price forecasts to $1,800 and $1,900, respectively, from the previous projection of $$1,600 and $1,650.

Chase de Vere reveals £3.85m IFA acquisition

Firm says that its ‘actively looking’ for other businesses to join its operation

Will UK wealth raid throw existing IHT plans up in the air?

‘Huge implications’ if changes made to domicile, seven-year gifting rule and taper relief

Why we think the recovery will be U-shaped

We've gone from predicting a V-shaped recovery to a U-shape, given the difficulties of lifting lockdown.

Transferring wealth: Establishing trusts for multigenerational succession planning

Due to the excellent and professional experience the client had with Vistra, the Settlor of the Trust decided to contribute additional trust funds to the structure.

CS and UBS investment banking and WM earnings could drop, says SNB

‘Both of the globally active Swiss banks are well-placed to face the challenges posed by the current difficult environment and support the real economy,’ according to the report.

Strong May helps wealth managers cut year’s losses to single digits

All of ARC's four private client indices recorded their second consecutive months of positive performance in May, as the sharp rebound from the mid-March lows continued.

How companies can continue to stay relevant in the WealthTech market

GBST was founded back in 1983, when the financial technology sector was still embryonic

Magdalena Różycka shortlisted at the Top Woman in Real Estate Awards

Magda is a seasoned professional with nearly 20 years of valuable experience in the area of accounting, financial reporting and international taxes.

Consolidator makes ninth acquisition

In November 2019, it was in active discussions with more than 20 local IFA firms.

Stock Take by St. James’s Place

The UK faced new forecasts of falling house prices; gilts carrying negative yields; a rise in job losses; a dramatic scaling back of businesses’ investment plans

Wealth and Asset Management