03/03/2015
Parmenion Launches New Adviser Site
Parmenion has launched a redesigned Adviser website, adding simplicity and functionality to its award winning platform
Wealth and Asset Management
03/02/2015
Adviser consolidator AFH Financial acquires South East business in £1m deal
Adviser firm consolidator AFH Financial Group has acquired the assets of a South East business, including its five advisers and principal, in a deal worth up to £973,000.
03/02/2015
How Billionaires in London Use Secret Luxury Homes to Hide Assets
On London’s Billionaires Row in Hampstead, the seven-bedroom Carlton House with its 50-foot ballroom, underground swimming pool and 10-person Turkish bath is for sale for 14 million pounds ($21.5 million)
03/02/2015
London-based multi-family office pioneers re-brand
"Having combined the two firms’ deep experience, we are very much fit for purpose with a refreshed commitment to delivering exceptional risk-adjusted investment results. We seek to be a default choice for wealthy families and foundations requir
03/02/2015
Falciani Says He Can Prove HSBC Management Knew of Tax Abuses
The information Falciani, 43, took from the bank in 2008 allegedly reveals the practices of HSBC’s private-banking unit in Geneva.
03/02/2015
Towry targets more takeovers after Ashcourt acquisition
Towry did not rest on its laurels despite its Edward Jones setback.
03/02/2015
UBS Said to Plan Closing Moscow Representative Office
The overhaul follows a new law implemented in Russia this year that aims to boost transparency on assets abroad and allows the taxation of profits on funds held outside the country.
03/02/2015
Deutsche Bank Boosts Capacity for A-Shares ETF
ASHR has been among the top-performing ETFs on the market in recent months as China’s tightly controlled stock markets open up to outside investment.
02/28/2015
Standard Chartered staff braced for big change under Winters
"There's a mood of borderline euphoria and excitement today... after six grim months where the sense of passion and urgency fell away a bit," said a senior Asia-based insider.
02/27/2015
German authorities probe Coutts over Swiss tax evasion allegations
The private bank's parent company, Royal Bank of Scotland, said the inquiry was focussed on its Swiss operation, including current and former employees.
02/27/2015
Specialist asset manager reports another year of outstanding investment returns relative to the ARC Private Client Indices
“It was a year in which active management via active managers paid handsome dividends, and the collective experience we are able to bring to bear at Bordier (UK) shines through in the outstanding numbers we have once more delivered for our clients.
02/27/2015
France Will Hand Over HSBC Tax Data to Austria Within Days
France will soon hand over to Austria tax data linked to leaked client data of lender HSBC Holdings Plc which has admitted failings in compliance at its Swiss private bank
02/26/2015
HSBC CEO Says Swiss Tax Saga Was Product of a Different Era
HSBC Holdings Plc Chief Executive Officer Stuart Gulliver told U.K. lawmakers the scandal over the role the company’s Swiss private banking unit played in helping clients dodge taxes was the product of a different era
02/26/2015
HSBC bosses reject calls to quit after 'terrible list' of problems
HSBC bosses rejected calls from British lawmakers for them to quit over the bank's Swiss tax scandal
02/26/2015
Axa Wealth unveils strategy for UK pension reforms
Axa Wealth plans to combine its pensions and investment expertise to offer a new financial planning model called Retirement LifePlanning
02/26/2015
DeVere predicts 25% growth in plan to become ‘UK’s BoA Merrill Lynch’
DeVere has forecast a 25% growth in business and a 50% increase in advisers in the coming year
02/25/2015
From high court to high life: How Vestra grew to £4.6bn
Vestra Wealth’s founding partner David Scott became a Wealth Manager cover star a year after what he admits was a ‘difficult birth’ for the then fledging company.
02/25/2015
Old Mutual completes Quilter Cheviot buy
Old Mutual Wealth has been completed its buy of Quilter Cheviot after the receiving the green light from the regulator
02/25/2015
OM Wealth completes Quilter Cheviot acquisition
OM Wealth called the transaction a “significant milestone” in its transition from primarily a platform business to an integrated wealth management business for advisers and customers.
02/24/2015
Wealth managers and IFAs under threat by tech upheaval
Asset managers will be not be blown away by technology’s winds of change, but advisers and wealth managers may not be as lucky