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AJ Bell to be valued at £675m as IPO price revealed

Wrap platform AJ Bell has unveiled its IPO price range, which will give it a valuation of between £626 million and £675 million.

Walker Crips profits fall due to market turbulence

This was driven largely by a fall in revenues of 1.9 per cent to £15.1m.

Standard Chartered considers a simpler structure to control costs, will reveal plan with full-year result in February

Lender makes bulk of its income from its China and North Asia businesses

Britain's billionaires now billions poorer

The 16-strong British contingent in Bloomberg’s Richest 500 list have collectively seen an estimated £6.2bn wiped from their wealth as the UK property market and stocks around the world tumble.

J. Safra Sarasin acquires Bank Hapoalim's Luxembourg and Swiss private bank

The acquisition includes the transfer of qualifying clients and their relationship management teams who are focused on private banking clients primarily from Europe and Israel.

Absa planting seeds in London

By the end of 2017, Barclays had reduced its shareholding in Absa to 14.9% from 62.3%.

Barclays Named “Best Private Bank in Monaco” at the 2018 Global Private Banking Awards

The judging panel awarded Barclays “Best Private Bank in Monaco’ based on its strengths in a number of key areas.

Charles Stanley - "there remains much to be done"

Chief executive Paul Abberley said the firm's turnaround strategy was "starting to bear fruits" but that Charles Stanley is "fully focused on increasing the rate of improvement".

Holborn Assets expands with new 15-strong Cyprus office

It is the company’s first foray into the Cyprus marketplace, but one that it expects will be an important base for the company in the coming years, Holborn told International Investment.

Congratulations! Barclays was named Best Private Bank in Monaco

Barclays was named Best Private Bank in Monaco at the 2018 Global Private Banking Awards.

14 sports stars in wealth and fund management

Hiring sports stars makes business sense – those at the top of their game are likely to know potential clients at the top of theirs

Advice firm raises £60,000 for charity with track day

We will be sponsoring the event again in 2019 and look forward to raising even more money."

Julius Baer to extend cost cuts after profit blow

As a result of the margin decline, the private bank's cost/income ratio rose to 69% for the first 10 months of 2018, exceeding the targeted 64-68% range.

Sustainable investing drives £723m rise in Liontrust assets

Chief executive John Ions said the company’s UK Special Situations fund was the fourth best selling fund to UK investors in the third quarter of 2018, and was now £3.9bn in size.

Guernsey is on the map for family office moves

The focus is to move away from areas seen as tax havens to areas with a more robust framework, and a real focus and defensibility around using the locations.

Julius Baer grows 10M AuM by 2 pct

Assets under management at CHF 395 billion – Net new money growth close to 5% – Drop in client activity in Q3 affecting gross margin and cost/income ratio – Enhancing focus on core markets and reducing complexity

Thesis Asset Management launches IFA consultancy service

Thesis Research and Consultancy Service (TRACS)

Intrinsic loses large IFA firm

The firm runs a national partnership of 38 advice firms, which it hopes to grow to 45 by the end of the year.

GAM offers special retention bonuses to managers

Earlier this month the group’s CEO Alexander Friedman stepped down and David Jacob was appointed as interim CEO.

GAM Cuts Jobs in Slim-Down

The number of jobs wasn't disclosed, and appears to be as yet unclear due in part to U.K. labor law.

Wealth and Asset Management