03/26/2013
Liontrust doubles AUM to £3bn
The amount of money managed by Liontrust Asset Management almost doubled over the past year
Wealth and Asset Management
03/25/2013
Bermuda-based group targets JO Hambro IM
The Swiss bank had been seeking a buyer for JO Hambro Investment Management for most of last year.
03/25/2013
FF&P Launches Global Equity Fund
To focuses on companies with high and sustainable returns on equity and strong free cash flows
03/25/2013
Most Russians Suspicious of Wealth, Survey Shows
Most Russians find it distasteful when lawmakers and officials are wealthy
03/24/2013
World’s wealthy people shed $15b
The biggest loser was Larry Ellison
03/24/2013
Schroders agrees to buy Cazenove
The boards of Schroders and Cazenove Capital Holdings have announced that they have reached agreement on the terms of the recommended acquisition by Schroders of the entire issued and to be issued share capital of Cazenove Capital.
03/24/2013
Aberdeen Asset Management AuM +10% over two months
Net new business inflows of GBP3.5 billion in the two month period under review
03/24/2013
New regulator to keep sights trained on wealth managers
In August last year the FSA said it was continuing to interact with wealth management firms and would commence further thematic work.
03/21/2013
Cap on fund manager bonuses moves closer after Euro vote
The committee’s plan will now be put to a vote for the entire European Parliament in April.
03/21/2013
Towry blames rise of the DIY investor on "amateur" advisers
Fisher said the growth of DIY investment is “depressing”
03/21/2013
Schroders rumoured to be in bid talks with Cazenove Capital
The two firms have confirmed the talks in market statements this morning. Schroders is considering a possible cash offer, with loan note alternative, for Cazenove’s entire share capital, the groups said.
03/21/2013
UK should prepare for wealth exodus after election
A tax hike could be the tipping point for many high-net-worth and ultra-high-net-worth individuals, who are the most mobile in society due to their abundant resources.
03/20/2013
Barclays chief lands £18m windfall
Barclays investment banking chief landed an £18m windfall after the bank handed out mammoth share awards to top bosses.
03/20/2013
Advisers back Wheatley over wealth manager concerns
Wheatley said one of the regulator’s major concerns was the poor customer service provided by some wealth managers
03/20/2013
Profits Rise At UK private bank
Customer deposits grew £74m
03/20/2013
Standard Life Wealth to launch Bristol office
Wealth Manager understands the firm will hire an external team to spearhead growth in the region
03/19/2013
FSA launches consultation on fund pay
The FSA, along with the Treasury, needs to transpose the EU rules into law by July this year – but there will be a one year implementation period after that.
03/18/2013
7IM opens up platform to rival DFMs and overhauls charging
7IM head of platform Peter Wyatt said the move was a response to adviser demand.
03/17/2013
Hargreaves Lansdown looks at Schroder UK Alpha Plus place on Wealth 150
The Schroder UK Alpha Plus fund returned 254.4 per cent over the 10 years to 31 January.
03/14/2013
Worldwide Wealth Collections collapses
It's gone into liquidation with debts of nearly £1million.