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

European Wealth buys Surrey-based IFA firm

The business will be relocated and fully integrated into European Wealth's head office in London

UK wealth management startup Nutmeg raises $32 million

The latest capital raise means the business has now attracted a total of $50m of shareholder investment.

Tilney Bestinvest targets 25 financial planners for big regional push

The recruitment drive follows the hire of six wealth managers for Bestinvest’s regional offices in the first half of 2014.

Discretionary investment manager opens new office

The firm provides portfolio management services for private clients, trusts and charities.

Former Morgan Stanley Private Wealth advise targets clients with £10m assets

The firm was formed last November and began managing money this year

HSBC sells $12 billion of Swiss private bank assets to Liechtenstein's biggest bank

Those assets were held by clients in dozens of countries, including in central and eastern Europe, and some countries in west Europe, Africa and in Latin America that HSBC has deemed as not strategically important.

Who will teach responsibility in a buck-passing world?

Both regulations and the structure of capital markets foster a culture of ‘passing the buck’

WH Ireland Sees H1 Pre-tax Profit Ahead Of Last Year, Stock Rises

Revenue growth continued the trends witnessed during 2013

WH Ireland set to reveal higher profits

Chief executive Richard Killingbeck said WH Ireland has had an encouraging start to the current financial year

Guernsey Financial Services Commission publishes 2013 annual report

One of the key messages it contains is that overall costs fell by almost £1 million or 7.5% compared to 2012.

A golden age for wealth & fund management as regulatory fog clears

The Evolving Investment Management Regulation report points out regulatory uncertainty over the last few years has settled down.

Million-pound home loan service launched by Mayfair-based lender

Alternative lender HNW Lending has launched a service to help advisers with wealthy clients get loans on their homes worth £1m or more

Time for Barclays to rethink its wealth strategy

If he really can’t bring himself to sell UK wealth, Jenkins should, at the very least, sell the Americas, where his brokerage business looks distinctly sub-scale and the Barclays brand, more than a little careworn.

Quilter Cheviot nominated for Charity Times award

The winners of the awards will be announced at an awards gala dinner and ceremony on October 22 at the Lancaster London Hotel.

Italian Businessman to Join Rothschild as deputy chairman

He is under investigation over corruption charges involving oil services group Saipem, left Eni after its shareholders approved a new board for the company.

HNWIs show increased global investment mindset, ultra-HNWIs shift focus to growth- RESEARCH

Nearly Two Million Individuals Join High Net Worth Ranks As Wealth Levels Reach Another Record High: World Wealth Report 2014

Dutch Bank ABN AMRO's Top Salaries Hike Plan Sends Wrong Signal

In an interview with the Financieele Dagblad newspaper on Wednesday, ABN AMRO chairman Gerrit Zalm – himself a former Dutch finance minister — said the plan aimed to “retain talent”.

HSBC opens a private banking office in Aberdeen

Alongside its London headquarters, HSBC Private Bank has offices in Birmingham, Cardiff, Leeds and Manchester.

Liontrust assets hit £3.6bn on increased profits

Liontrust Asset Management has reported that assets under management rose 19 per cent to reach £3.6bn in the year to March 31 2014.

Generali could reach deal to sell Swiss unit by end June - sources

Italian daily Il Sole 24 Ore cited market rumours on Wednesday saying the price of the deal could be between 1.4 billion euros ($1.9 billion) and 1.6 billion euros.

Wealth and Asset Management