07/24/2013
Predicted shortfall of 5000 IFAs for UK's HNW baby boomers
The UK faces a 20% shortfall of independent financial advisers which will potentially hit the baby boomer generation approaching or at retirement
Wealth and Asset Management
07/24/2013
Brooks Macdonald warns on future margins as assets jump 45%
In a trading update for the year to 30 June, the firm reveals discretionary funds have reached £5.11bn - up from £3.52bn reported for the previous 12 months.
07/24/2013
Statement from the Swiss Bankers Association regarding payments and disclosures under the agreements with the UK and Austria
Both the UK and Austria have received either direct payments or information.
07/24/2013
London & Capital opens service for US resident non-doms and Green Card holders
London & Capital today launches a new service, enabling US resident non-doms and Green Card holders to open a US domestic investment account, reducing onerous administrative burden for its US clients.
07/24/2013
Raymond James Financial unifies UK businesses with appointment of United Kingdom CEO
Among Moores’ expected responsibilities are to serve on the board of directors of the UK operating entities as CEO, act as conduit for communications between firm leadership and UK senior managers across all business lines and lead growth and coordi
07/24/2013
BCG report: Asset management recovery begins on bumpy road for traditional players
The increase in new asset flows remained relatively modest
07/24/2013
Spain's Bankinter says no interest in Swiss acquisition
Spain's Bankinter, which sources have said was vying to buy the BSI private banking unit of Italian insurer Assicurazioni Generali, is not interested in a Swiss banking acquisition, Chief Financial Officer Gloria Ortiz said.
07/24/2013
Bloomberg cancels its new wealth management product
Bloomberg LP is canceling its new wealth management service, BloombergBlack, before it hits the market
07/23/2013
Heartwood name survives for mass-affluent regional opportunity
To support this development and grow outside of Heartwood’s stomping ground of London and the South East, Lough said a hiring spree was in the offing.
07/23/2013
Close Brothers AM hits £9 billion
Close Brothers will be releasing its full year results for the twelve months ending 31 July 2013 on 24 September 2013.
07/23/2013
Stricken Franco-Belgian banking group cancels asset management sale talks
The group was not immediately available to comment on why the sale talks had ended.
07/23/2013
Less than a third of advisers focus on £100k+ clients
In spite of bearish rhetoric from across much of the advisory sector that the Retail Distribution Review has pushed advisers up the value chain
07/23/2013
UPDATE 1-EFG unit sale boosts first-half profit
Underlying private banking revenues up 10 percent
07/22/2013
Fraud and cybercrime biggest non-investment risks to family offices
Sustainability, data loss, fraud and theft are among the top non-investment risks faced by private families and the offices that serve them
07/22/2013
Platform boost helps 7IM hit £5bn milestone
The team of Seven came together - and yes, they are all still there - with a clear view of improving the investment services for professional intermediaries
07/22/2013
New names are weighed up for JO Hambro Investment Management
JO HAMBRO Investment Management is considering a name change to honour co-founder Richard Hambro
07/21/2013
HSBC not Willing to let go its Private Banking Business
Reshaped European structure could help the private bank expand in markets of Asia and Latin America
07/21/2013
£1 trillion due to pass down over next 20 years…
One in five have never discussed their true wealth with their children
07/21/2013
Preliminary results for 2Q 2013; UBS reaches agreement in principle to settle industry litigation with FHFA for RMBS offerings
UBS estimates that for the second quarter of 2013 its operating profit before tax was approximately CHF 1,020 million and its net profit attributable to shareholders was approximately CHF 690 million.
07/21/2013
Bellpenny acquires Entire Wealth Management
This has enabled us to remain very selective in our acquisition strategy.