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Plymouth wealth management firms merge

The business now has nine qualified and independent advisers

Russians in the City London Club opens its branch in Moscow

In London the Club bands Russian-speaking professionals in finance industry: lawyers, bankers, sales and IT specialists.

Luxembourg Targets Deeper Financial Ties With China; Hosts Another Chinese Bank

From there, they manage a European network and help Chinese clients in their European trade deals and investments.

Close Brothers Asset Management launches second ‘Future Leaders Programme’ to support the next generation

Designed to pass on knowledge and insight to talented youngsters, participants will tackle philanthropic challenges and business strategy planning activities as well as cultivating important professional skills, such as presenting.

WH Ireland expands wealth management division

WH Ireland has unveiled plans to open a new Milton Keynes office in an expansion of its wealth management division.

How to become a NISA Millionaire starting today by Brewin Dolphin

The wealth manager has revealed that it already has 15 ‘Isa millionaire’ clients, whose Isa pots have broken the magic million pound barrier. A further 40 have assets in ISAs of well over £750,000.

Profits at private bank rise to £16.5m

The bank's return to robust health saw bad debts fall from £7m to £1m last year and enabled it to pay a £25m dividend to its taxpayer-owned parent.

Ex-Rathbones boss Pomfret takes Thai adventure on Aberdeen trus

Pomfret stood down as Rathbones chief executive in February after 10 years at the helm. Under his watch assets under management at the wealth firm rose from £5 billion to £22 billion.

Standard Life Investments confirms £390m Ignis takeover

Standard Life Investments’ intention to acquire Ignis Asset Management was announced on 26th March 2014.

IPE Top 400: SEB Wealth Management takes top spot in Nordic region

Sweden’s SEB Wealth Management has moved up IPE’s global ranking of the 2014 Top 400 Asset Managers survey to take 69th place

Property fund inflows hit 2009 peak

Investors continued to pour money into equity funds at a rapid pace in May despite peaky looking valuations, with £588 million of net new money committed.

Old Mutual Wealth completes Intrinsic buyout

Group confirms ‘significant milestone’ as it buys up restricted advice network as part of chief executive Paul Feeney’s plan for company.

Prometeia: Significant opportunity for asset managers in the European private debt space

This would suggest that Europe represents a significant opportunity for asset managers and shows that the loan and private debt market is really starting to build traction.

UBS to increase liquidity in TAA fund over ‘end of cycle’ expectations

UBS Global Asset Management is shifting the structure of its tactical asset allocation strategy to account for upcoming downside risk.

Furious IFAs accuse Aegon of ‘poaching’ customers

PENSIONS company Aegon has been accused of attempting to “poach” clients from independent financial advisers without informing them.

Smith & Williamson launches new ‘SVS’ trading name

Group’s fund administration business will now have two trading names for clients to choose from.

FirstGroup Hit By Investor Backlash Over Remuneration Report

Sandell's letter noted that FirstGroup's CEO remuneration package has risen 209% over the past five years

Aberdeen loses to ‘smart’ Schroders in Nutmeg deal

In a statement following the deal, Schroders executive vice chairman Massimo Tosato, who will take a seat on the Nutmeg board, said: ‘We are delighted to participate in funding Nutmeg’s next stage of growth.'

Jersey represented with keynote speaker and panellist at leading international banking forum

Jersey is taking part in the International Festival of Business 2014 in Liverpool this week with two representatives speaking in the fifth International Banking and Finance Forum.

Industry struggles to power up for data revolution

But wealth managers who spoke to Financial News said many custodians were failing to meet their demands.

Wealth and Asset Management