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

City Chief Is Mystery Heathrow Hub Backer

A Marshall Wace hedge fund manager is the biggest investor in a scheme to extend one of Heathrow's runways, Sky News can reveal.

Old Mutual sells Italian business for €278m

“I am extremely proud of the Italian team and what they have achieved. I believe that the growth prospects of Old Mutual Wealth Italy will be enhanced under Cinven and ERGO Italia’s ownership.”

Old Mutual sells Old Mutual Wealth Italy for €278m

The sale is subject to regulatory approvals and is expected to complete within six months.

Standard Life's platform pushes profits to £341m

Standard Life said this drop was due to the impact of market volatility on investor confidence.

Van Lanschot and Achmea agree sale of Staalbankiers’ private banking activities

Staalbankiers clients and employees will be advised of the takeover today.

Welcome to Google Wealth! by Annie Catchpole, Scorpio Partnership

Ask any wealth manager who their future competitors will be and they’ll probably say one of the big-name private banking brands or a local boutique offering similar products and services to their own.

Canaccord Genuity’s UK wealth business reports 11% AUM rise

Canaccord Genuity Wealth Management UK has reported an 11% year-on-year rise in assets under management at the end of its first fiscal quarter. - See more at: http://www.portfolio-adviser.com/news/1030815/canaccord-genuity-uk-wealth-business-reports-aum-r

Old Mutual acquires Yorkshire advice firm

Staff and management at Beaumont Robinson, which has more than 850 clients, will stay with the business.

OM Asset Management beats 2Q profit forecasts

The results topped Wall Street expectations.

Wealth manager boom masks growing cost problem

Regulation and robo-advice threaten European wealth managers

Old Mutual enters talks to sell off Italian unit

The private equity firm has reportedly evaluated Old Mutual Wealth Italy between €200-250 million.

Spike in clients looking for new wealth manager

In June, 21 per cent of people filling in the questionnaire on his website said they were unhappy with their wealth manager and were seeking an alternative.

HNW Investors Exiting Britain Since Brexit

The survey included 770 people with investable assets of at least $1.3 million from countries across the globe, including the United States and Britain.

Aberdeen Asset Management raises £115m for UK PRS portfolio

We have designed the Club after extensive discussions with investors to meet their needs for a clear strategy, a simple structure, and a cost effective approach.

Merseyside’s Second Largest IFA Firm Created After Deal

Bringing together the two businesses and sharing our expertise will greatly enhance the client experience and enable us to offer a wider range of services to both existing and new clients.

Investment trust platform purchases slip in Q1

Alliance Trust Savings was in second place with a 19 per cent market share, followed by Ascentric at 15 per cent.

Monthly Investment Perspective - Coutts

Global equities advanced in July as the prospect of easing monetary policy, signs of strength in the US economy and moderating concerns over Brexit fuelled ‘risk on’ sentiment. While volatility may well return to markets in the coming months,

Wealth firm snaps up £16m discretionary manager

He is pleased with the deal and the breadth of clients it delivers to the company, ranging from £300,000 in size to over a million.

Shattered Wealth Dreams

Managing the portfolios of wealthy private customer seems to be a sure-fire way to make money. But it may become the next disappointment in the global banking business.

Standard Chartered «Improves» as Profits Fall Hard

The London listed bank reported an underlying pre-tax profit of $994m for the six months to June 30, down from $1.8bn in the same period in 2015.

Wealth and Asset Management