05/30/2016
Jacob Rothschild makes move to acquire rival Alliance Trust
RIT Capital disclosed a stake of less than 3 per cent in Alliance Trust last year, according to UK regulatory filings.
Wealth and Asset Management
05/27/2016
Panama Papers: Mossack Fonseca closes island offices
Jersey, where the company has had a small office for 20 years, was mentioned many times in the leaked documents.
05/27/2016
Arbuthnot to sell up to 31.9 pct stake in retail bank Secure Trust
The sale would generate gross proceeds of about 145 million pounds ($213 million), Arbuthnot said.
05/27/2016
Tilney Bestinvest welcomes Towry with £17.6m profit
The combined firm with have 240 financial planners and 120 investment managers on its books, operating from over 30 locations across the UK.
05/27/2016
AP Executive Wins Global Award 2016
The winners were chosen after a rigorous nomination and selection process
05/27/2016
The wealth manager turned watchmaker who's totting up sales of £8.5m a year indulging his passion
To the outside world, the centuries-old watchmaking business might seem like an odd choice of profession for the young and inexperienced to break into.
05/26/2016
Lux group ups UHNW expansion with Swiss bank purchase
This purchase comes just three months after the Luxembourgese bank acquired Banco Populare Luxembourg S.A.
05/25/2016
German Wealth Managers will lose market share to Robo-Advisors over next 2yrs: Verdict Financial
The company’s latest report states that, of developed markets, HNW clients in Germany show the greatest interest in automated advice platforms.
05/25/2016
Banco Santander Abandons Use of Chauffeurs to Cut Costs
Santander is reducing staff and closing hundreds of branches as it seeks to shave 3 billion euros from expenses by the end of 2018.
05/25/2016
Watch out advisers, wealth giants are coming to get you
One of the key takeaways was the power of the vertically integrated model.
05/24/2016
Old Mutual Receives Approaches for OM Asset Management
Potential sale part of plans to separate company’s four main businesses
05/23/2016
Gerard Lyons among City titans behind new ‘robot’ advisor to the rich
The minimum investment is £50,000 but the service is hoping to attract the traditional clients of private banks such as Coutts and Brewin Dolphin.
05/23/2016
Now ‘robo-advice’ is rounding on the Square Mile
Dr Gerard Lyons, the pro-Brexit economist and writer, is throwing his weight behind the latest new service to launch in the UK.
05/23/2016
KBC’s ‘Crown Jewel’ Unit CEO Eyes Idle Wealth in Czech Accounts
The Czechs, who shed communism nearly 27 years ago, have yet to catch up with their western peers in personal income and private savings.
05/23/2016
Investec Wealth Boosts Non-Pound Bond Holdings on Brexit Concern
The pound may have rallied amid evidence U.K. public opinion is shifting away from a Brexit, but one fund manager isn’t taking any chances.
05/23/2016
EFG Hermes: Beyond the horizon
In terms of country exposure, Saudi Arabia represents the single largest percentage, with the UAE also quite large.
05/23/2016
French asset manager buys Dublin’s Kleinwort Benson for €108 million
That’s very much our objective and the objective of the shareholders as well,” said Hawkshaw.
05/23/2016
Bonham Carter backs launch of online discretionary manager Netwealth
Just over £6.5m raised for new venture
05/23/2016
Aberdeen AM's Gilbert fends off significant buyer interest to keep independence
A spokesman for Aberdeen added the company has never had a formal approach.
05/23/2016
Guernsey wins international Wealth Adviser Award
Guernsey reclaimed the award for best international wealth management centre this year, having previously won the award at the Wealth Adviser Awards 2014.