01/27/2014
It is a business that has been running since 1985 and in 2008 the firm signalled its intention to grow the unit by hiring two separate wealth management teams from Singer & Friedlander and Bestinvest.
01/27/2014
F&C and BMO are in advanced discussions about the details of the Possible Offer and the Board of F&C has indicated to BMO that it is likely to recommend a firm offer at the Offer Price.
01/24/2014
The AIM-listed group said ‘strategic progress [was] made through both organic and acquisitive initiatives’ during the six months to December 31st 2013
01/24/2014
It expects asset management profits to increase 160 per cent to £10.4m for the year.
01/24/2014
Charles Stanley Group’s total client funds reached a record £20.1bn in the fourth quarter of 2013, up 9 per cent from £18.48bn the previous quarter.
01/24/2014
A representative for Zurich-based Credit Suisse confirmed the memo’s contents.
01/24/2014
This is the most authoritative look at consolidation activity in the global wealth space.
01/23/2014
Elsewhere, the group said it had maintained a 95% client retention rate and, over the year, had grown adviser numbers almost 10% to 1,958.
01/23/2014
Brown Shipley has emerged as a potential buyer, a move that would bolster the private bank’s investment management operation in London.
01/22/2014
UK's best portfolio managers rewarded at Portfolio Adviser Wealth Manager Awards 2014
Portfolio Adviser rewarded the UK's finest portfolio managers last night at its invitation-only Wealth Manager Awards held in London.
01/21/2014
Rothschild Completes €200m Fund Raising for First Oberon Credit Investment Fund
The Fund targets a 7-9% net IRR, via quarterly cash distributions, offering low volatility of returns and superior access to assets via a proven and highly respected Investment Adviser.
01/21/2014
Wealth managers caution equities face setback despite clamour for risk
Barclays Wealth & Investment Management’s European CIO, Kevin Gardiner, said the firm has moved heavily overweight cash on fears an equity market correction is “long overdue”.
01/21/2014
Former Barclays executive sets up new bank
The news comes as the government tries to boost competition in the banking industry
01/21/2014
Close Brothers Asset Management announces sponsorship of National Family Business Day 2014
The National Family Business Day, launched by Family Business United is designed to recognise the invaluable contribution family businesses make to the British economy, a fact that has often gone unreported and under-appreciated.
01/21/2014
This 12 percent increase on the Collateral Highway – which allows users to seamlessly source and mobilise their securities irrespective of location in order to cover trading exposures and to access central bank liquidity – comfortably eclipsed
01/20/2014
Deutsche Bank posts €1.2bn loss for fourth quarter
Its parent Deutsche Bank had a tough quarter, recording a net loss of €965 million for the last three months of the year as a slowdown in fixed income trading took its toll on earnings.
01/20/2014
Barclays scraps private banking for sub-£500k clients
The standard cost to transfer an account from Barclays Wealth is £20 for each fund or stock held and £50 if moved offshore.
01/20/2014
UK wealth manager appoints industry vet as new head of private banking
He is a highly experienced business leader within banking, wealth management and investment management sectors. He has held a number of senior executive roles including Vice Chairman & Group CEO at Sanlam Private Investments UK, Group CEO of the Ansba
01/20/2014
Charities specialist leaves Standard Life Wealth
Just weeks after Standard Life Wealth was brought under the wing of the Standard Life Investments division, it is losing one of its key players.
01/20/2014
IFA Prosperity links with UK Wealth management group
Prosperity Independent Financial Advisers and Stockbrokers has joined forces with investment specialist