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

ABN AMRO reports Q4 net loss on bank tax, loan impairments

The bank, which is being readied for an eventual initial public offering, said 2013 marked the bottom of the economic cycle and that it sees signs of a recovery.

Skandia unveils charges on WealthSelect funds

The average annual management charge (AMC) for WealthSelect funds is 0.52%. The cheapest deal Skandia has negotiated is at 0.35% and the highest is at 0.70%.

Spain Adds Rothschild as Adviser for Bankia Privatization

The appointment comes after the restructuring fund announced Friday that Goldman Sachs Group Inc. would advise it on a broad strategy on the privatization of Bankia.

Rathbones profits up 15 pct as markets rise

Andy Pomfret, chief executive, Philip Howell, deputy chief executive and Paul Stockton, finance director, discuss Rathbone Brothers Plc's results to 31 December 2013

7IM switches Income fund to a passive mandate

7IM to expand its active allocated passive range by changing the strategy on the CF 7IM Income fund.

L&G targets HNW clients of DFMs with launch of tax solutions team

Private Client Solutions is made up of three people who will meet advisers and DFMs face to face to discuss tax solutions for HNW individuals

Wealth firm to join AIM to fund 'strategic' acquisitions

In a statement to the Stock Exchange, AFH said it believes it has made sufficient progress to join AIM and that the move would help the company attract new investors and improve its profile.

Credit Suisse extends scheme to pay top staff bonuses in cocos

Credit Suisse has changed the way it offers bonuses to top staff in a new bid to make employees take on risk, in a way which meets the wave of new regulations.

Sanlam sets £6bn goal after board reshuffl

Alex Morley said he would aim to grow the firm “in a careful and considered fashion”, targeting an adviser head-count of 250-300 by 2017.

Brewin Dolphin sees success ahead for Neptune European

Brewin Dolphin has tipped Rob Burnett’s Neptune European Opportunities fund for success in 2014 as it remains bullish on European markets.

HL Multi-Manager breaks into top 10 thanks to UK income

The Hargreaves Lansdown Multi-Manager Equity & Bond Trust has broken into the top 10 in its sector with a three-year performance of 27.53 per cent, Morningstar data has shown.

UK asset managers can boost competitive edge with more transparency

The growing consensus that more can be done to ensure clients’ funds are used fairly reflects a wider cultural shift across financial services.

London is a whole new world as foreign wealth finds home

Traditional communities are dying out because many streets in “prime” parts of London house barely a single British resident

Societe Generale Securities Services launches complete AIFMD reporting package for asset managers

This new offer responds to the different needs of its asset management clients, allowing them to concentrate on their core investment activities whilst ensuring they are fully compliant with AIFMD.

Heir today, gone tomorrow - Close Brothers Asset Management

Affluent Britons set to leave loved ones with unexpected inheritance tax bills

Swiss fund manager slashes prices in UK strategy rethink

Swiss fund manager is aiming to firmly establish itself in UK after pricing overhaul

Bellpenny teams up with Charles Stanley for MPS access

Bellpenny's advisers can now access a suite of low-cost model portfolios through a partnership with Charles Stanley.

Credit Suisse Bankers Face Delay To Bonuses

Hundreds of London-based bankers face having to wait until 2021 before they can cash in on bonuses awarded two years ago following an intervention by regulators.

How much are they charging? New research reveals what the big firms cost

New research has highlighted the wide variance in fees charged by large wealth managers and adviser firms.

Aberdeen CEO says no plans to move HQ

The head of a major Scottish fund manager, Aberdeen Asset Management said the firm has no plans to relocate its base in the face of a forthcoming referendum on Scottish independence.

Wealth and Asset Management