07/14/2013
Wealth managers fire warning shot over ‘super clean’ fund deals
The race to secure the best priced share classes intensified earlier this month when Standard Life became the first platform to secure super clean deals.
Wealth and Asset Management
07/14/2013
7IM bags £80m model portfolio mandate
Towergate Financial awards 7IM with mandate for its passive model portfolio range after “concerns” about previous manager Evercore Pan-Asset’s performance.
07/11/2013
France Clarifies Rules On Wealth Tax Cap
he French Finance Ministry has clarified regulations pertaining to the wealth tax cap and life insurance contracts.
07/11/2013
Psigma IM buys AXA Framlington private client arm
Part of the Punter Southall Group, PIM has £1.5 billion of assets under management and sees this transaction as an important milestone in its continuing growth.
07/10/2013
Walker Crips launches the UK’s first regulated bridging finance fund
T Bailey Fund Managers will act as the Authorised Corporate Director (ACD) and administrator and National Westminster Bank Plc will be the depository.
07/10/2013
HSBC to retain private banking operations in Monaco
Following completion of this review and consideration of expressions of interest the decision has been made to retain the business.
07/10/2013
Crédit Agricole Bids Adieu to Pricey Lunch
Anything above those spending limits will not be reimbursed or only exceptionally if the additional expenses can be duly justifie
07/09/2013
Wealth management survey finds evidence of uncontrolled IT spending
This comes as wealth management businesses are also facing rising costs of regulation - via new rules
07/09/2013
Big banks win the wealth offensive
The Scorpio Partnership Global Private Banking Benchmark 2013 indicates strong rebound among 209 global wealth management players; UBS takes ranking top spot as a “champions league” of firms emerge
07/09/2013
Transformational change sweeps wealth managers as they reconfigure to win back client trust
Will women and millennials transform the wealth management industry?
07/09/2013
Regulatory Legal partners with wealth manager to offer services to IFAs
Law firm Regulatory Legal has set up an alternative business structure with a wealth manager to package up legal advice for financial advisers to provide to their clients.
07/09/2013
Quilter Cheviot adopts new corporate identity
he group has created a new logo and website and from now on the Quilter & Co legal entity will be renamed Quilter Cheviot Limited
07/09/2013
Credit Agricole Bank launches service package for expats in Romania and for Romanians who work abroad
Credit Agricole Bank Romania recently launched a package targeting expats in the country.
07/09/2013
Singapore To Use National Wealth To Buy In Europe And North America
While much of the Western world, Japan, and even China are wallowing under crushing debt burdens
07/08/2013
UBS once again the world's largest private bank as assets surge
UBS won back the title of largest private bank in the world as inflows of fresh client funds surged last year
07/07/2013
Assets of top 100 alternative investment managers hit $3 trillion
Towers Watson survey shows total global alternative assets under management exceed $5 trillion.
07/07/2013
Axa becomes IFP lead corporate member
We welcome the support and commitment of both AXA Wealth and Architas by becoming IFP platinum corporate members.
07/07/2013
7IM unveils revamped platform pricing after FCA forces rethink
The company will now charge 25 basis points (bps) as a platform fee for investments in its 7IM funds.
07/07/2013
Former Secretary of State joins independent multi-family officey board
He is currently a Visiting Professor at the University of Sheffield (Department of Politics Crick Centre), visiting lecturer and adviser to the London School of Business and Finance and an Academician of the Academy of Social Sciences.
07/07/2013
Vestra Wealth buys out Goldman
Vestra now has 22 partners and controls £3.6 billion in assets under management.