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Wealth and Asset Management

05/31/2016

Private equity firm in £33m broker deal

According to the Office for National Statistics, self-employment has now reached a 40-year high and makes up around 15pc of the UK workforce.

05/31/2016

HSBC chief Stuart Gulliver tops investors’ choice for removal

The findings underline the growing frustration of shareholders at the performance of HSBC.

05/31/2016

Investec W&I strikes key accountancy deal

Furthermore, Investec W&I will work alongside the professional accountant body on two of its flagship events later this year.

05/31/2016

British Polo Day: a networking platform for movers and shakers

As guests of British Polo Day, most of us are staying at the palace — a hotel voted, that very day, as the best in the world by TripAdvisor’s Travellers’ Choice Awards.

05/31/2016

Firms’ legacy client moves hamper adviser relations

Both of these moves, however, have attracted criticism from advisers.

05/31/2016

Fairstone strikes deal with Lancashire advice firm

McParland & Partners has more than 2,000 clients and is based in Nelson, Lancashire, with satellite offices in Manchester and Sheffield.

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.

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.

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