- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

Brewin Dolphin takes £4m hit from loss of trail

Brewin Dolphin's revenue has been impacted by its well-flagged move to a transparent pricing model.

Liontrust Quarterly Inflow Propped Up By Multi-Asset Acquisition

The outflows were mainly a result of one investor in the Liontrust Global Strategic Bond Fund redeeming GBP106 million, while an institutional investor redeemed GBP39 million from the UK Retail funds.

F&C takeover by Canada’s Bank of Montreal thwarted by Standard Life

Shares in F&C rose 7.1p to 123.5p taking it above the offer price, which is at around a 30 per cent premium to before the bid announcement.

Plymouth firm to create 100 jobs after landing £140m investment

The Succession Group was established in Plymouth by Simon Chamberlain in 2009.

Ex-UBS Banker Quits Zurich Desk for Horse Racing Dream

After more than 20 years in the financial-services rat race, Swiss banker Michael Reichstein packed it in and turned to horse racing for a living.

Azimut Targets Italy Asset Management Company From Bank

Azimut Holding SpA, Italy’s largest independent asset manager, is interested in buying a fund unit from a bank to expand distribution and attract client investments.

Assets under management boom at Mattioli Woods

Pensions and wealth management company Mattioli Woods has posted a strong set of interim accounts with a rapid growth in its discretionary assets under management

Barclays debates ending its £40m-a-year Premier League sponsorship deal

Barclays is reportedly debating the fate of its £40m-a-year sponsorship of the Premier League

Hargreaves Lansdown asks clients for cash

Hargreaves Lansdown customers will have to pay as much as £250 into their accounts to cover its new charges, or risk having their investments sold

Fund arm of the German private bank targets UK with risk management range

The fund range will offer institutional investors access to markets they previously deemed too risky through a series of quant portfolio management techniques.

BMO eyes $1.3-billion offer for Britain's F&C Asset Management

British fund firm F&C Asset Management said on Monday it had received an offer from Canadian bank BMO Financial Group in what would be an all-cash deal.

Societe Generale Private Banking Hambors looks to expand business

Societe Generale Private Banking Hambros the UK wealth management arm of Societe Generale Private Banking is implementing its commercial strategy to strengthen and expand its business in 2014, in particular through a new recruitment plan.

Senior business figures hit out at Labour's 50p tax rate plan

Heads of 24 of Britain’s most successful companies warn that Ed Miliband’s policy could threaten recovery and cost jobs

The runners and riders for Jupiter’s wealth arm

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.

F&C Asset Management Response to Press Speculation

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.

Brooks Macdonald makes ‘good progress’ over first half

The AIM-listed group said ‘strategic progress [was] made through both organic and acquisitive initiatives’ during the six months to December 31st 2013

Close Brothers Bullish Amidst Improving Market Sentiment

It expects asset management profits to increase 160 per cent to £10.4m for the year.

Charles Stanley total client funds reach £20.1bn

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.

Credit Suisse Bonuses to Include Bonds That Can Be Wiped Out

A representative for Zurich-based Credit Suisse confirmed the memo’s contents.

A UK wealth market spotlight: Analysis of consolidation in the UK

This is the most authoritative look at consolidation activity in the global wealth space.

Wealth and Asset Management