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

Sal. Oppenheim selects CACEIS

CACEIS services 16 real estate investment companies in Germany

Brewin Dolphin profits surge in H1 but advisory arm sees £1bn outflow

Wealth manager Brewin Dolphin reported a surge in profits in the half year to March, although it saw a large outflow from its advisory business.

Close Brothers CDF Managed Fund range hits £100m milestone

CBAM’s investment proposition is differentiated because they embrace three complementary approaches: in-house direct management, open architecture and passive.

Friends Life to receive offers to buy Lombard business

Philadelphia Financial targets high net-worth families through a network of intermediaries, and it views Lombard as an attractive opportunity to expand that area of its business, Sky News said.

Bestinvest name to be dropped for B2B market

It has also been announced that Bestinvest’s current chief executive Peter Hall will lead the combined group, while Tilney Investment Management director Miles Robinson will head up Tilney for Intermediaries.

ABN AMRO Private Banking wins ‘Best Overall European Private Bank’ and ‘Best Domestic Clients Team’

We are quite unique in pursuing a multi-domestic, multi-brand strategy

Gore Brown’s founding duo on the perils of centralisation

We want to avoid something that is happening in larger companies where they apply an investment process

Aberdeen chief predicts long hot summer of revolt over top pay

Martin Gilbert has accused the pay committees at some leading companies of stubbornly failing to consult shareholders

Brewin Dolphin to tap ‘DIY savings’

The wealth manager, which declined to comment on plans for a new service, said in its year-end results for 2013 that “there is growing demand for a simplified, lower cost service.

Might Xavier Rolet hold on to Russell’s fund management arm?

But in his five years as head of the LSE, the Frenchman has established a record of diversification.

Hedge funds in worst start to year since financial crisis

Lansdowne Partners, Odey Asset Management and Brevan Howard are among the stellar hedge funds to have had a poor start to the year

Wealth manager Brewin Dolphin poised to announce plans to launch a new online ‘DIY’ service for retail investors

The new plans are expected to be unveiled tomorrow when Brewin announces its interim results.

Standard Chartered to close Swiss private bank -media

The Asia-focused bank said in February it was looking to sell the Swiss private bank as part of a plan to shed several businesses as it sharpens its focus on Asia, Africa and the Middle East.

Close Brothers records a 4% rise in AuM in third quarter

There was a good result in Banking with the loan book now £5.1bn, up 10% year to date.

Buying a home in London’s most affluent areas is becoming unattainable for anyone without a billionaire’s bank balance

Home prices in the capital’s most desirable areas have jumped more than 60 percent since 2009

AXA Elevate assets hit £8bn

Elevate also halved prices for assets over £5 million, from 0.22% to 0.10%

Bank offers London property bond deal

Buying a home in London’s most affluent areas is becoming unattainable for anyone without a billionaire’s bank balance.

Competition for deals is rife, says Brown Shipley banking head

Brown Shipley incoming head of private banking Hugh Titcomb is keen to avoid this fate.

River & Mercantile IPO targets £12m

River & Mercantile has confirmed its plans to float in a move which the asset manager expects to raise £12 million of new money.

Saga float will boost company’s wealth arm

A successful initial public offering by Saga, the company focusing on the over-50s market in the UK, will help to boost the company’s wealth management arm, Michael Hewson has predicted.

Wealth and Asset Management