09/30/2013
Apcims members approve Wealth Management Association rebrand
This is a big step forward for our Association
Wealth and Asset Management
09/29/2013
State Street moves to woo advisers
SSgA intends to hire around 10 staff to add to existing teams in Switzerland, Italy, Germany and the UK.
09/29/2013
UBS bootcamp readies private bankers for new front in wealth management
The wealth management industry is in the midst of a paradigm shift, from being about relationships to being about advice
09/29/2013
UK fund association rejects ‘index clones’ claims
SCM said its analysis had exposed “a giant con”. Investors could have saved around £3bn in fees over the past five years if they had chosen low-cost passive funds over index clones.
09/29/2013
Standard Life completes acquisition of Newton's wealth arm
Standard Life plc announces that Standard Life Wealth, one of the UK's fastest growing discretionary fund management businesses, has successfully completed the acquisition of Newton Private Clients from Newton Management Limited.
09/29/2013
Wealth Management Industry Must Transform Legacy Infrastructure for Long-Term Success - RESEARCH
The current technology infrastructure in the wealth management space poses a major obstacle to progress
09/28/2013
Sovereign Wealth Funds Turn to Emerging Markets
Sovereign investors are increasingly keen to invest in emerging markets such as Africa, China and Latin America at the expense of continental Europe and the UK, according to a study of 37 institutions with $4.7tn of assets.
09/27/2013
Bob Diamond Backs Barclays' £6bn Cash Call
Bob Diamond, the former boss of Barclays, is to spend up to £6m backing the bank's £6bn cash call after acknowledging it has become a "better and stronger institution".
09/26/2013
Coutts hosts client investment breakfast
Coutts yesterday hosted a client investment breakfast at The Alderley Edge Hotel in Cheshire.
09/25/2013
Liontrust maintains inflow streak as AUM hits £3.4bn
The group took in a net £10m in Q2, a result chief executive John Ions said was "particularly pleasing" given the context.
09/25/2013
High Value Immigration Award Winners announced
The winners of the inaugural High Value Immigration Awards were announced this evening at a high profile ceremony at the Westbury Hotel in Mayfair
09/25/2013
Barclays scraps full wealth management service for sub-£500k clients
Barclays has around 8,000 employees working in wealth management globally.
09/25/2013
Deutsche Asset & Wealth Management Named Best Asset Manager
Deutsche Asset & Wealth Management announced today that its insurance investment business has been named Best Asset Manager 2013 by Reactions
09/24/2013
Towry acquires Scottish financial planning firm
Head of Wealth Advice Andy Cowan said: "Towry has been keen to seek growth opportunities in some of our most important client regions, including in Aberdeenshire, and as such we see Conclusion Financial Planning as an excellent fit for our business.&
09/24/2013
Barclays to Scale Back Private Banking
“The wealth management landscape continues to evolve at pace,” Peter Horrell, Barclays chief executive officer of wealth and investment management, said in a statement.
09/24/2013
Aegon eyes D2C offering for orphan clients
Economics will also dictate that advisers focus their resources on higher net-worth customers, leaving many customers under-served.
09/23/2013
Leading Swiss private bank to exit wealth management for some countries
In other markets including Denmark and Israel, the bank will shut out less wealthy clients and focus on those with balances over 1 million francs, the paper said.
09/23/2013
KBC sells German unit to several investors
It also provides professional real estate financing, acquisition finance, institutional asset management and private wealth management services for German high-net-worth individuals.
09/23/2013
Close Brothers adjusted operating profits up 24%
Also, the group delivered profit attributable to shareholders of 119.4 million pounds this year, up 20%, compared with 99.7 million pounds in the 2012 period.
09/23/2013
Barclays unveils D2C Wealth Direct plans
The bank is hoping the proposition will go live in 18 to 24 months and it is set to pull together services across its business, ranging from investment, trading and banking.