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

Schroders proposes charity fund merger

A vote on the matter will be called at an extraordinary general meeting of unitholders on the 14th of January.

Square Mile hits out at IMA for failing to defend active managers

At a Schroders conference in New York, Square Mile managing director Richard Romer-Lee claimed the trade body could be doing a lot more to back up stock-pickers.

The City's great and good can all learn from private banking

Private bankers are rebuilding their reputation after the financial crisis. The rest of the financial industry would do well to take notice of how they’re doing. Giulia Cambieri reports

Guernsey funds sector demonstrates stability over third quarter

Guernsey's financial services regulator has approved 42 new investment funds for the second quarter in succession, resulting in a total of 140 additions during the 12 months to the end of September.

Canaccord Genuity Wealth Management boosts Intermediary team in London

He joins from Charles Stanley, where he has spent 15 years in a variety of roles in London and Southampton

Guernsey Private Wealth Focus December 2014

Here is a highlights review of recent Guernsey private wealth news and details of our upcoming events.

Tax Battle in Germany Shakes Family Dynasties

In a case referred by the country’s highest tax-affairs court, Germany’s Constitutional Court will rule this month on whether the tax exemption is in line with the constitution.

Old Mutual: IFAs can increase retirement income by 49%

Advisers can help retirees increase their retirement income by nearly half, or 49%, according to Old Mutual Wealth.

Citi Private Bank's Spain property club eyes €400m investments

Citi Private Bank in Spain, which manages mainly high net worth wealth, is launching an investment club together with local partner Mazabi to help clients into property assets that could be worth as much as €400m in total.

Bentleys Woo China to London as Russians Pack for Home

“A quintessentially English dealership could be quite intimidating” for Chinese buyers, said Chris Harris, marketing director for luxury automotive group HR Owen, which owns Jack Barclay. “We wanted to de-mystify the experience.”

Roman Avdeev named Legend of PBWM Industry at SPEAR’S Russia Awards

Roman Avdeev was also awarded the title “Legend of the Industry” and as always, the legendary brand Chivas Regal had the honor to present the award to the laureate.

CSA launches new qualifications for offshore finance professionals

ICSA, the Institute for professionals working in governance and compliance, is launching four new Level 4 qualifications for offshore finance professionals

Cyprus sidesteps Putin offshore call

Finance Minister Harris Georgiades (photo) refrained to comment on Putin’s remarks made during Thursday’s Federal Assembly address in Moscow.

The end looms for ‘Alice in Wonderland’ fees

The asset management industry suffered a shock last month when an influential panel that advises the UK regulator on policy issued a damning report on the state of the fund market.

Falling profit margins plague the wealth industry

Wealth management firms struggled to translate a healthy rise in assets in the third quarter into earnings.

Death of wealth boutique: Think-tank warns on 'suffocating' regulation

A report from the New City Initiative has underlined the detrimental impact of regulation on the asset management industry.

Sanlam FOUR Transaction Complete

Derrick Dunne, Director of Sanlam FOUR, states: “We are pleased to complete the transaction and look forward to delivering the mutual benefits of association to our clients, Sanlam and our owner employees.

Close Brothers Asset Management partners with SIFA

SIFA, which was established in 1992, seeks to bring together solicitors and professional impartial financial planners to provide complementary legal and financial services. It now supports more than 170 firms across the UK.

David Hobbs, CEO of Cofunds, discusses his UK outlook for 2015

These outlook pieces usually start with is set to be an eventful year for the industry’.

RBS launches sale of Coutts, invites bids before Christmas - sources

First-round bids are due before Christmas, they added.

Wealth and Asset Management