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

Private banks set to benefit from UK account switching

“Seven day-account switching will really come into its own when private banks start offering current accounts for all in 12-36 months’ time to promote early loyalty,” said Mike Davies

Kleinwort Benson launches tailored DFM service for IFAs

“Our approach is to work very closely with a few dozen firms, which enables us to provide high quality service and support to those firms that genuinely want a strategic relationship with their DFM,” he explains.

Safety and security remains the most important factor for private banking clients

The research was conducted by the Leadership Factor, the UK’s leading customer survey specialist, and involved a sample of Nedbank Private Wealth’s high net worth private banking clients.

Indefinite ban for former St James's Place senior partner

As a result, the Financial Conduct Authority has concluded that Carron lacks honesty and integrity, fined him £300,000 and banned him from performing any function related to regulated activities in financial services.

Rothschild hired for women’s fashion retailer sale

Private equity group TowerBrook is pressing ahead with a sale of the fashion retailer

Leigh Harrison: why Brazier and Weldon quit Threadneedle

Threadneedle’s head of equities Leigh Harrison has attributed recent high-profile exits to the managers’ desire to build their own businesses.

Standard Life loans advisers cash to fund acquisitions

It said that the purpose of the funding was not to influence future business or asset flows to Standard Life products.

Financial services failing to connect with younger generation, finds survey

59 per cent of millennials say products are not targeted at them

Key investment calls: inside the minds of nine wealth managers

Currently all asset classes and geographies appear fairly or fully valued and there is broad consensus the European Central Bank will begin quantitative easing to fend off deflationary pressures.

AFH Financial takes over Hindsight

AFH Financial Group has added £13m to totsal funds under management through the acquisition of the assets of Northampton-based Hindsight Financial Services

UBS chairman says smaller banks to merge, large banks already too big

Swiss bank UBS's chairman Axel Weber expects mergers among smaller banks in Europe, mainly in the retail sector, while larger lenders were less likely to join up due to regulatory concerns.

British Bank Tries To Rein In Its Horrible Jerk Bankers A Bit

Barclays may start cutting pay to punish senior bankers who bully their underlings.

7IM’s Urquhart-Stewart takes to pro-union campaign to warn against independence

Seven Investment Management co-founder Justin Urquhart-Stewart has warned of a “viscous and declining” economic cycle emerging in an independent Scotland on pro-union campaign Vote No Borders.

Scottish wealth manager launches personal OEICs for wealthy clients

He said the wealth manager has made the move in response to demand from high net worth clients for a cost-effective way to manage their wealth.

EMD stronger now after 'taper tantrum' trauma, says UBP chief

The massive volatility caused by the so-called ‘taper tantrum’ has finally run its course and emerging market debt will be stronger because of it

Aberdeen Asset Management boss backs independent Scotland

Martin Gilbert says currency union with UK is 'desirable and highly likely' and that refusal to share UK debt would be shrewd

Equilibrium has more than the right balance

Wealth management firm Equilibrium has hailed a record year that saw it break the £4m turnover barrier.

Swiss wealth manager takes stake in French property developer

Swiss wealth manager is taking a 30% stake in French property developer and investor Groupe Atland to help bolster growth.

Spanish Banking Titan Dead at Age 79

He was known for his hands-on leadership of the bank and turned the institution previously run by his father into the eurozone's largest by market capitalization through a series of acquisitions.

Jersey funds business back to £200bn mark

The latest figures for all sectors of Jersey’s finance industry show stability and signs of new growth, led by the funds sector where the value of funds business passed through the £200 billion mark for the first time since June last year.

Wealth and Asset Management