08/14/2018
Credit Suisse Is Splitting Its Main Wealth Unit Into 7 Regions
An announcement about the split, dubbed “Project Momentum,” could come as early as this week, the people said.
Wealth and Asset Management
08/14/2018
Apex and Genstar buy hedge fund administrator
The acquisition adds a further $24 billion in assets under administration to the Group's portfolio and is a strong strategic and cultural fit given its independent business model and focus on delivering a personal approach customer service.
08/14/2018
Astorg-backed group, SGG’s acquisition of First Names Group
Jersey-based First Names Group provides private client, corporate, and fund services.
08/14/2018
Can UK agencies deal with unexplained wealth orders?
‘What’s a trust?’ asks one investigator
08/13/2018
Hargreaves duo share bumper £81m payout
Hargreaves banked £61m, while Lansdown, 65, who has 51.6m shares, received £20m.
08/13/2018
Was GAM right to block investors taking money out of its funds?
So-called ‘redemption gates’ act as a safety measure, but they can they damage relationships with clients
08/13/2018
Mixed-sex teams show best return as asset managers
The mixed teams also produced 4.3 per cent bigger gains for clients over three years than teams made up of just women, the study showed.
08/12/2018
Big UK banks wade back into wealth management
Sector hunts for areas of growth after years of restructuring and regulatory issues
08/10/2018
JTC A Finalist Again at Industry-Leading STEP Awards
JTC’s commitment to the development and education of its employees was also exemplified in May when we were accredited by STEP as a Gold Employer Partner in ten jurisdictions.
08/10/2018
Trust firm shortlisted for Citywealth awards
The winners will be announced at a ceremony in London on the 23rd January 2019.
08/10/2018
Wealth manager to add £350m after founding CEO’s exit
Factors behind UK advice firm chief’s departure, his legacy and the company’s plans without him
08/09/2018
Mattioli Woods forks out £4m for Midlands advice firm
Broughtons’ management team will be retained by Mattioli Woods following the acquisition.
08/09/2018
Guernsey launches Private Wealth Forum
STEP Guernsey Chair Adele Perrot, of Butterfield Group’s wealth structuring team, said the event would showcase Guernsey’s strengths, build stronger awareness of the island, and engage directly with valued contacts in London.
08/09/2018
Barclays Wealth Asset Management decided to change its name
“Barclays is committed to meeting the needs of wealthy clients and those aspiring to become wealthier."
08/08/2018
Quilter reports 16% profit jump in first results since listing
Today’s results show a 2 per cent increase in assets under management and administration from 31 December 2017 to £116.5bn, which the company attributes to net flows of £2.2bn.
08/08/2018
Charles Stanley makes its range of managed portfolios available to advisers
The addition of the managed portfolios to the 7IM platform marks the tenth platform through which advisers can access Charles Stanley managed portfolios and was predominantly in response to demand from advisers.
08/07/2018
Hargreaves Lansdown annual profits rise as inflows hit record
Assets under administration rose 16% to £91.6bn
08/07/2018
Youth focus for Beacon Wealth Management
Rebecca Tearle is one of a batch of new, younger recruits the firm is taking on, as it hopes to expand.
08/07/2018
Standard Life Aberdeen profits fall
The group also recorded a 2.6 per cent drop in assets under management and administration to £610bn over the six months to end-June.
08/06/2018
Private wealth investors slowly gain interest of more managers
A number of money managers running alternatives strategies said they are picking up interest from, and consequently working hard to adapt, to new interest from high-net-worth individuals.