08/01/2016
Top ten reads for the summer holidays by Penny Lovell
‘A Room without books is like a body without a soul’ Marcus Tullius Cicero
Wealth and Asset Management
08/01/2016
The Nasty Virus of Negative Interest Rates by Justin Urquhart Stewart
It has been like watching a virus spread or a creeping infestation, and now it has finally reached our shores in the UK. No…it is not the bubonic plague…
08/01/2016
Brexit visa promises for City fund staff
UK asset managers pledge to pay for visas for EU employees based in London
08/01/2016
Wealth managers face slowdown in assets under management
Wealth management industry will need to redesign the ‘core’ high-net worth service model
08/01/2016
Why I've bought more shares in the UK house builders after Brexit, by investor of £2 billion
And if you believe that the fundamentals are good, it’s not without risk, but there is a lot of money to be made.
08/01/2016
Ex-Barclays ‘Musketeer’ Assembles Stellar Cast for New Boutique
New wealth manager Saranac boasts host of executives from world’s financial giants
08/01/2016
DeVere poll suggests HNWIs now look to reduce exposure to UK risk
The more diversified the investment portfolio, encompassing a global focus, the greater the reduction of risk.
08/01/2016
Troy tops Sanlam equity income study as 8 funds go grey
The report’s author, Charles Brand, highlighted how the marker was set at the start of the year after the US raised rates in December 2015.
08/01/2016
Smaller wealth management firms at risk as M&A deals reach eight-year high
There were 124 M&A deals between wealth management firms in 2015, a fresh high during the eight years of tracking by Scorpio Partnership.
08/01/2016
Asset managers push back against activist pension funds
Attempts are being resisted to improve standards at listed UK companies
08/01/2016
Ex-Investec W&I multi-asset duo launch boutique
Laurence Boyle says the firm will run the same proposition as he did at Investec
08/01/2016
Wealthy investors reducing UK exposure post Brexit
Most high net worth individuals are looking to reduce their exposure to UK-based assets in the wake of the country’s vote to leave the European Union, according to deVere Group.
08/01/2016
Tilney Bestinvest completes Towry acquisition
It was previously revealed that following the completion of the transaction, Towry chief executive Rob Devey would leave the business.
08/01/2016
Compliance pay boom: how wealth managers are coping
The boom in compliance remuneration took hold after the financial crisis and now looks likely to accelerate following the Brexit vote.
07/29/2016
Wealth managers missing out on social media
Indeed, many of the larger players that use social media do so under their general brands rather than via the wealth management division, which can limit the impact and reach of their social media activities in targeting wealth management clients,
07/29/2016
UBS Scraps Near-Term Targets as Second-Quarter Profit Declines
Some of Europe’s largest banks have been hurt by volatile markets and record-low interest rates, with Deutsche Bank AG, Barclays Plc and Credit Suisse Group AG all reporting a drop in second-quarter earnings this week.
07/29/2016
Barclays profits fall 21% amid restructuring
High street bank sees PPI bill rise and non-core division makes a loss of £1.9bn
07/29/2016
Banks must boost efficiency by sharing more costs, says UBS
Swiss lender comfortably beats earnings expectations for second quarter
07/29/2016
Swiss bank bounces back from losses
The bank pointed to progress in cutting costs, which were down six percent from the second quarter last year
07/29/2016
U.S. private equities behind UBS-Passera plan for Monte dei Paschi - source
The new proposal includes the bad loan sale to Italian bank rescue fund Atlante, like the bank's own rescue plan.