09/13/2012
Investec warns of flat profits as UK arm slows
Williams de Broe moved on to Investec’s IT platform at the end of last month and the business has been rebranded as Investec Wealth & Investment with 15 offices around the UK.
Wealth and Asset Management
09/13/2012
Investec Global Special Situations Fund removed from Wealth 150
They focus on facts, not forecasts, looking for strong balance sheets, low debt and simple business models.
09/13/2012
UBS looks to put cap on banker bonuses
UBS is looking at capping bankers’ bonuses as the Swiss bank joins its European peers in cracking down on remuneration schemes following regulatory and investor pressure.
09/13/2012
Barclays pay will be based on good behaviour
“Every business unit, and every individual, will have a balanced scorecard derived from the group’s, and against which they are measured. Compensation will be based on the balanced scorecard,” he explained.
09/13/2012
AXA Wealth removes commission charges on top ups
AXA Wealth has removed its commission-related charges it retains on top-ups to reflect the fact commission will not be paid after the retail distribution review (RDR).
09/13/2012
UK multi-millionaires mapped: where do the wealthy live?
WealthInsight, specialists in data on high net worth individuals, have released the latest figures on UK multimillionaires - defined as having net assets of more than US$30m - broken down by where they live.
09/12/2012
Deutsche Bank renews push for ultra rich clients
"A strong investment bank franchise in Asia, Eastern Europe and the Middle East gives the bank access to entrepreneurs and other wealthy individuals."
09/12/2012
deVere names Goldman Sachs as a preferred fund advisor
The deVere Group, the world's largest independent financial advisory, is proud to announce that it has selected Goldman Sachs Asset Management as one of its preferred Fund Advisers to provide exclusive investment management solutions to its clients
09/12/2012
Capco whitepaper explores the wealth transfer time bomb
The paper outlines the digital demands next generation customers will present as they inherit the current population’s wealth in just a few years.
09/12/2012
Germany’s oldest privately owned bank to expand in US
Germany’s oldest privately owned bank is seeking to add sales staff to its two-strong New York office, as the head of its UK operations suggested that US investors could return to European equities “very quickly” in the right conditions.
09/12/2012
Brooks Macdonald readies for RDR with £4.4m acquisition
Pre-tax profit was £8.5m on revenue of £53.3m compared to £7.3m off £52.2m a year earlier.
09/12/2012
Italy's Azimut breaks €17bn AuM mark
Assets managed by the company stood for the first time above €17bn, and €19.1bn assets under administration.
09/12/2012
AFH Financial buys IFA firm
"IFA adviser numbers have also grown from 53 at the time of flotation last year to 91 at the start of September.
09/12/2012
ARC launch new Charity Indices
The ARC Charity Indices allow charity portfolio performance to be compared versus a realistic and sizable peer group of charities whose portfolios have exhibited similar volatility characteristics.
09/12/2012
Credit Suisse clients may withdraw $37 billion over tax in next few years
Credit Suisse could see clients in western Europe withdraw up to a net $37 billion in the next few years as Switzerland bows to pressure to stop foreigners using secret offshore accounts to evade taxes.
09/11/2012
Wealth ‘doesn’t always equate to happiness’
GREAT wealth can cause great conflict, according to Barclays specialist Catherine Grum.
09/11/2012
France’s biggest bank Details Plan to Expand U.S. Wealth Management
France’s biggest bank, embarked on a five-year plan to expand services to affluent U.S. clients as the company looks to businesses beyond its core European market for growth.
09/11/2012
Private client wealth manager celebrates
In an environment of falling interest rates, heightened market volatility, increasingly correlated share price movements and relentless inflationary pressure, finding a lower risk investment solution capable of preserving wealth in real terms has proved a
09/11/2012
Family Businesses prove resilient - RESEARCH
Credit Suisse Family Business Index has outperformed the market over the past 5 years by 8%
09/11/2012
Investec’s acquisition boosts Aum
Williams de Broë has been swallowed up by Investec Wealth and Investment in an acquisition that has boosted IW&I’s assets under management to £20bn, Jonathan Wragg has claimed.