08/28/2013
Sesame Quadruples Losses as Keydata Fine Bites
Sesame, the adviser network arm of Sesame Bankhall group, has reported a loss for 2012 of £9.3m - four times its losses in 2011 - as a provision for a regulatory fine took its toll.
Wealth and Asset Management
08/28/2013
‘Clients are more engaged in how best to manage wealth’
John Price, executive director of Coutts in Liverpool, says the recession has prompted more people to seek wealth management advice
08/28/2013
Kleinwort Benson Wealth Management makes first-half loss
Good momentum and growing marke t traction at Kleinwort Benson Wealth Management have not yet translated into profitability due to the continuation of the challenging market conditions seen in 2012, coupled with our ongoing investment into the business to
08/28/2013
St. James's Place targets women in recruitment drive
Academy director Adrian Batchelor says there is “no justification” for the sector being so dominated by men.
08/28/2013
Liechtenstein bank reports US tax deal hits profits
The bank maintained in July that the agreement would have no impact on its income statement
08/27/2013
Asia’s Infinity Financial in major deal with UK star manager Bestinvest
Infinity says “a large percentage” of its existing clients have thus far switched some or all of their investible assets over to Bestinvest (BI), and “virtually all new clients are choosing it as their investment manager”.
08/27/2013
Threadneedle Overhauls Branding on Brazier's Trust
UK Select Trust Shareholders Have Voted to Revamp The Investment
08/27/2013
Wealth-X Supports Turquoise Mountain With UHNW Prospecting As Part Of Its Giving Back Programme
Wealth-X will provide the non-profit organisation unrivalled access to the world's largest collection of curated research.
08/27/2013
Mattioli Woods assets soar following acquisition spree
Overall the firm’s profits before tax increased by 10% to £5.5 million
08/27/2013
Towry's Gaius Jones Joins Ashcourt Rowan as Financial Planning Chief
Towry’s Gauis Jones has joined Ashcourt Rowan as Chief Executive of the firm’s Financial Planning Business.
08/27/2013
Shake-up looms in Singapore banking, wealth managers warn
Swiss banks UBS and rival Credit Suisse are under pressure to derive more of group profits from wealth management and Singapore is the largest hub for the business outside Switzerland in both cases.
08/27/2013
Coutts hires HR head from Moscow-based firm
She joins Coutts from The Renaissance Group
08/27/2013
Charles Stanley tops advised assets under management
The research, which covered 32 DFMs that offer outsourced services to financial advisers, found that more than £24bn is managed on this basis, with the average amount managed per client at £249,477
08/26/2013
How wealth managers are pitching their restricted status to the public
The new rules, which were introduced in January are full of intricacies, as firms seeking to describe themselves as independent have to advise on the full scope of retail investment products, which includes life assurance policies and pensions.
08/26/2013
McQuaker: Managers To Back When The Red Turns Off the QE Tap
Henderson's Head of Multi-Asset Bill McQuaker is backing value managers to outperform in what he describes as a more 'granular market'
08/25/2013
Smith & Williamson to Advise Members on new social network for high net worth investors
The platform will facilitate direct investments across a range of assets, including private equity, pooled investments, real estate, private equity, commodities, art and antiques.
08/25/2013
Boutique bank Lesmoir-Gordon, Boyle & Co is riding high
But Lesmoir-Gordon, Boyle & Co, a boutique bank set up by Schroders’ veterans Richard Lesmoir-Gordon, Andrew Boyle and Nick Smith, is aiming to change that.
08/22/2013
ABN AMRO Q2 slips, warns of higher loan impairments in 2013
Dutch state-owned bank ABN AMRO reported second-quarter net profit of 402 million euros ($536.5 million)
08/22/2013
Quilter Cheviot teams come together in Liverpool
They form part of the Quilter Cheviot North West operation, which also includes Manchester and North Wales, with total funds under management of more than £1.2bn.
08/21/2013
Bellpenny acquires IFA firm
This latest deal means that Bellpenny has now established a presence in Scotland, England and Wales since its launch last year.