10/23/2013
Skandia scraps adviser stake plans but may look to own distribution
Skandia has scrapped plans to purchase minority stakes in advice firms but could consider buying a large adviser or building a distribution arm from scratch.
Wealth and Asset Management
10/23/2013
Thesis launches private client service for lawyers and advisers
It means the financial planner becomes integral to the private client service of the lawyer
10/22/2013
Berry signs up for ‘SUGGESTUS’
Berry Asset Management confirmed today that it has signed up for the Asset Risk Consultants‘Suggestus’ service, and become one of a select band of wealth managers to receive the ARC ‘Approved Due Diligence Kitemark’.
10/22/2013
Generali looking at alternatives to Swiss private banking business sale
The sale of BSI, which has an estimated book value of 2.3 billion Swiss franc
10/22/2013
Europe set to allow banker bonuses up to 250% of salary
European bankers could be paid bonuses of up to 250 per cent of their fixed pay under a slight relaxation of tough new pay rules due to come in next year
10/22/2013
ABN AMRO to Close its Office in Botswana
ABN AMRO Bank N.V. will close its office in Botswana, which currently includes a team of four employees from the bank's international diamond and jewelry group
10/21/2013
GAM Holding Says Managed Assets Little Changed on Weaker Dollar
GAM said it has integrated a number of teams at both group level and at Swiss & Global Asset Management
10/21/2013
Bellpenny Rolls Out Voyant Tools for Its Advisers
Newcomer Bellpenny is rolling out new software for its professional advisers and wealth managers to help them conduct lifetime cash flow planning.
10/21/2013
Pershing: wealth managers must review pricing structures
Pershing has urged wealth managers to review their price structures, after research found that fewer than 20% of firms use the cost of providing services as the foundation for determining price.
10/20/2013
BNP Paribas Wealth Management awarded “Outstanding Private Bank in Europe in 2013”
This award adds to BNP Paribas Wealth Management's prestigious industry recognitions
10/20/2013
Cheviot Assets surged ahead of Quilter deal
Cheviot Asset Management went into its merger with Quilter on the back of strong asset growth but declining profits.
10/20/2013
Hargreaves Lansdown eyes lower prices for online customers
Currently Hargreaves is predominantly remunerated by fund managers through rebates
10/17/2013
Brooks Macdonald's FUM rises 5.2%
Brooks Macdonald Group plc the AIM listed integrated wealth management group, today announces an update on its funds under management for the quarter ended 30 September 2013.
10/17/2013
S&W IM Takes £736k FSCS Hit as Assets Rise But Profit Falls
Smith & Williamson Investment Management saw its pre-tax operating profit fall by £3 million to £20.8 million over the year to April,
10/17/2013
North duo to join Praemium ahead of Liontrust deal
Praemium hires Nick Stanhope and Ari Towli from North Investment Partners to join wealth management service.
10/17/2013
Coutts brings Damien Hirst's ‘Myth’ to London for the first
Coutts is showcasing Damien Hirst’s ‘Myth’ at its headquarters on the Strand.
10/16/2013
Rathbones sees assets rise 15.6% in 2013
Rathbone Brothers has seen a 15.6% increase in funds under management in the first three quarters of the year, with flows accelerating in Q3.
10/16/2013
EU commissioner defends cap on bank bonuses in face of British challenge
The EU's financial services chief has defended the right to cap City bankers' lavish bonuses in the face of a legal challenge from Britain over new pay rules.
10/16/2013
SJP Academy looks to address female adviser shortage
St James’s Place is trying to bring more women advisers into the industry through its training academy so that clients have more choice.
10/15/2013
Belgian Police raid homes of HSBC Swiss bank clients in tax probe
They said 90 federal agents were tasked with establishing what part HSBC Private Bank's Swiss arm in Geneva might have played in the administration of its Belgian client base.