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Tilney to merge with Bestinvest under Permira

Permira aims to complete the Bestinvest deal this month

Skandia posts £13m profit as OMGI assets reach £16bn

Old Mutual Wealth’s asset management arm Old Mutual Global Investors totalled £15m for the year

Banks See Wealth Management New Cash Cow

Expect banks to become bigger players in the wealth management space. According to a new study by Fidelity, over half of bank executives expect to grow their revenue from wealth management practices by 25 percent in the next five years.

Schroders' profit soars 24% post-Cazenove buy

Michael Dobson, Chief Executive, commented: “2013 was a record year for Schroders, with profit before tax and exceptional items up 41 per cent. to £507.8 million and assets under management up 24 per cent. to £262.9 billion.

Almost 500 staff receive more than £1m at Barclays

Barclays paid 481 staff more than £1m ($1.67m) last year, prompting criticism that pay is still too high and that banks have not changed their ways since the financial crisis.

Schroders chooses Cazenove brand for wealth arm

It marks a shift from the strategy employed with the integration of the two fund management businesses, which saw Cazenove's funds rebranded Schroders.

Old Mutual admits liability claims are inevitable in wake of Intrinsic deal

Old Mutual Wealth has admitted liability claims following its acquisition of Intrinsic are inevitable but says the deal was still worth doing.

Family Offices Beginning to Look Beyond London for Property Deals

Trophy property prices in the British capital – those worth more than £10 million

Hanson is banking on Spanish tie-up

Man-about-town Robert Hanson is teaming up with the Spanish. Boutique bank Renta 4 Banco is taking a 14.99% stake in Hanson Asset Management, the London wealth management firm that Hanson chairs.

Superich Pushed Prices of Top-Tier Homes Higher in 2013

Number of People With More Than $30 million in Net Assets Also Rose

Intrinsic owner promises not to tie down advisers

The new owner of network intrinsic has promised it will not force its advisers down a single tied route.

Scoban plans £40m fund raising as PRA grants banking license

Private bank Scoban will embark on a £40 million capital raising after receiving confirmation that it is set to receive its banking licence from the PRA.

Rich get richer but give less to philanthropy

The index, which was produced by Forbes Insights, is based on an anonymous online survey of individuals with at least US$5 million in investable assets

Morgan Stanley Said to Review Options for Swiss Private Bank

The Swiss unit, Bank Morgan Stanley AG, may be sold or wound down, said the person, who asked not to be identified because no decision has been reached.

St James's Place poised

Gloucestershire wealth management firm St James's Place could be about to join the list of top companies on the FTSE 100.

GAM Holding Doubles Annual Profit, Plans Higher Dividend

GAM Holding AG, the Swiss money manager that split from Julius Baer Group Ltd., reported a more than doubling in full-year profit, proposed a higher dividend and said it’s planning a new share buyback program.

Close Brothers pledges to support family businesses

Close Brothers Asset Management is in the process of launching a host of initiatives which the firm said would help wealth managers communicate key issues to clients and prospects.

St James’s and Barratt vie for FTSE 100 status

St James’s Place is most likely candidate for inclusion in London’s benchmark index when the latest reshuffle is announced after the close of trade on Wednesday

Quilter Cheviot's Liverpool team in line for top industry award

Regional Stars Awards are voted for by hundreds of financial advisers across the UK

WH Ireland appoints ex-Barclays duo

Both appointments further enhance the depth of talent within WH Ireland’s Birmingham office.

Wealth and Asset Management