10/23/2012
AWD demands advisers cut clients to improve service
The national IFA has told around 50 of its 200 advisers who advise more than 250 clients to cut numbers by January.
Wealth and Asset Management
10/23/2012
Rathbone funds edge up to £17.3bn
The total annualised rate of net inflows of 5.5% (2011: 8.2%) in Rathbone Investment Management for the nine months ended 30 September 2012
10/23/2012
Hargreaves chief picks up £1.2m bonus
The company saw pre-tax profits increase to £152.8m for the year to 30 June, compared with £126m during the prior year.
10/22/2012
Independent asset managers are gaining in importance in Germany's private wealth management market
IAMs first became a recognized profession in 1998.
10/22/2012
Lloyds considers plan to ditch annual bonuses
Lloyds Banking Group is considering whether to ditch annual bonuses for senior staff and extend the timeframe of longer-term incentives to up to 10 years, the Financial Times reported on Monday.
10/22/2012
WH Ireland paves way for dividend in balance sheet overhaul
WH Ireland has opened the possibility of rewarding investors with a dividend in a proposed overhaul of its balance sheet.
10/22/2012
EFG launches low-cost portfolio service for advisers
EFG Harris Allday has launched a low-cost model portfolio service to cater for IFAs’ demand for multi-asset funds with lower charges.
10/22/2012
Major UK Wealth Firms In Merger Talks
"Culturally and geographically, this transaction is as good a fit as you will find in private client management," a source close to the deal said.
10/21/2012
HSBC puts £400m +++ worldwide advertising business up for review
HSBC's brand is one of the great success stories of modern marketing, according to HSBC themselves
10/21/2012
A paradigm shift in the asset management industry - RESEARCH
In the past thirty years asset management has evolved from a profession to a distribution-driven industry, and shifted from a client-driven approach to being product-driven. In the third paper published by the 300 Club,
10/21/2012
Old Mutual Global Investors outlines growth plan
Group pledges to ‘develop further’ its product range.
10/18/2012
Barclays wealth arm consults FSA over fund group admin fees post RDR
Barclays and other wealth managers will likely have to buy the clean fee share classes
10/18/2012
MFP Wealth Management first to receive British Standards certificate
The BS8577 is a work-based assessment in which the British Standards Institute visits a firm
10/18/2012
Private Banking Will Get More Complicated -RESEARCH
The Boston Consulting Group has made public a new study of the market for wealth management
10/18/2012
UBS Said to Widen Job Cuts to 400 at Investment Bank
UBS is considering cuts in equities and fixed income as it trims its merger advisory staff
10/18/2012
Brooks co-founder steps down from board as FUM jumps 6.5%
As at 30 September 2012 discretionary funds under management totalled GBP £3.751 billion.
10/18/2012
Banker’s death plunge shocks family
Nico Lambrechts, 46, an investment analyst with Investec Asset Management in the British capital, who studied at Stellenbosch University, died last Wednesday after falling 25m from an exclusive open-air restaurant.
10/18/2012
Emerging Signs of an Uptick, but Luxury Industry not Convinced
A new report produced by Ledbury Research reveals some green shoots in wealthy consumer sentiment, as the outlooks of the most influential CEOs in the luxury industry continue to fall.
10/18/2012
European Wealth boosts assets £120m with adviser buyout
The company has grown its asset base from an initial £20 million to a current figure of around £500 million. Bradley Stuart last year delivered turnover of around £1.28 million.
10/18/2012
Northern Trust's quarterly net up on higher fee
Assets under custody rose 14% to $4.761 trillion while assets under management increased 16% to $749.7 billion.