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

Italy's asset management industry posted €29.4bn in Q1

At the end of March, assets in portfolio management reached a total of €759bn, 55% of the whole industry's AUM.

UK wealth management and employee benefits business Strengthens Proposition with Rebrand

The move to one name signals the ambition of the Group to build a strong, consistent and recognisable core brand, benefitting both its clients and standing within the marketplace.

Thomas Miller on acquisition trail to build offshore assets

Isle of Man headquartered Thomas Miller Investment is aiming to make an acquisition in the UK later this year as part of the group’s focus on growth prospects in the offshore market.

IFA sellers ‘held over a barrel’ in buyer’s market

Advisers wanting to sell up and retire could end up accepting rock-bottom valuations for their business or “work for nothing” to line consolidators’ pockets, Andrew Oliver has warned.

Old Mutual Wealth agrees to sell Skandia Poland

The sale was announced in November last year and is part of the group’s plans to simplify operations in Europe and to focus on a number of “growth core markets”.

Weetabix scion and RBC back £80m buyout at Amber Taverns

BlueBay Asset Management, part of Royal Bank of Canada’s global asset management division, also provided finance for the transaction.

The age of the senior relationship manager

A growing focus by investment banks’ sales and trading divisions on client analytics has placed an added impetus on those who face customers the most – senior relationship managers.

Wealth-X Expands Its Product Portfolio With Launch Of WEALTH-X DILIGENCE

New Solution Brings Together Wealth Intelligence And KYC To Enable Businesses To Meet Compliance Needs And Mitigate Risk

Chairman steps back from Rothschild London arm

The move does not signify a stepping back of de Rothschild from the management of the group, the person at the firm said.

Barclays: Fund groups must 'completely rethink' retail strategies post RDR

Asset managers are likely to engage in a "fundamental rethink" of their retail strategies as more customers go direct in future, according to analysts at Barclays.

Norway to refrain from fx buying for wealth fund in June

The bank earlier said it did not expect to buy any foreign currency over the coming months and that it could even buy crowns later in the year.

Moody’s cuts outlook on 82 European banks to negative

Moody’s Investor Service changed the outlook to negative on no less than 82 long-term European bank ratings in an exhaustive report on the sector published on Friday.

Succession acquires two member IFAs

Wealth management group and consolidator Succession has acquired two of its member IFA firms for £3m, as it seeks to reach £7bn of assets by 2017.

Baillie benefits from long-term approach

THE decade of success at Edinburgh investment house Baillie Gifford has arguably been down to its partnership structure and lack of short-term commercial pressures, a leading commentator has said.

Succession acquires two member IFAs

Accession, which specialises in taking on member firms with the potential of acquiring them in the future, has now bought a total of seven firms.

Deutsche Bank, Former Executives Sue Each Other Over Move

The hirings violated a non-solicitation agreement and previous settlement over HPM’s recruitment

Elevate platform: New Isa allowance will boost assets

Axa Wealth is preparing for a surge of assets under administration on its adviser platform

Little acorn to mighty oak

OakTree’s Ian Brady says careful backtesting and research enables the boutique to hit above its weight

UBS upbeat about growth potential at IMI, upgrades to 'buy'

The strategic review results with the first-half results in August should provide a positive message on improved growth.

What the FTSE 100 Rotation Means for Fund Managers

Wealth managers are warning that active fund managers must take care to manage the challenge

Wealth and Asset Management