04/04/2014
Invesco Perpetual loses contract to manage St James's Place funds
St James's Place, which gives face-to-face advice to wealthy clients, said it was transferring management of the assets and half would go to Woodford's new venture.
Wealth and Asset Management
04/04/2014
Hampden buys into new bank
Entwistle, chairman of Scoban, said: “It is a very exciting development for us to have a company such as Hampden taking a significant investment in our new bank.”
04/04/2014
Wealth firm raises £1.6m to fuel acquisition spree
The financial advisory and discretionary wealth firm told the market it had received commitments to subscribe for a total 1,157,854 shares of 10p in the company at a price of 140p per share.
04/04/2014
Charles Stanley defence shows clash at Brewin Leicester arm with head office
The six quit Brewin last March to join Charles Stanley and launched a Leicester office for the company.
04/04/2014
Barclays hit with departures of international advisers
Brokers with international clients have been moving to competitors in recent months as Barclays curtails its international business
04/04/2014
BoE's Haldane warns of risks in global asset management industry
As more workers use defined-contribution pension arrangements and new government rules allow them more control over their retirement savings, the need for assessments of systematic risk at asset managers has grown.
04/03/2014
'Behind the Staying Power of Wealth Creation in Europe: Family, Long-Lived & Long-Term-Oriented'
Over the last 25 years, Europe has increased its share of the number of the world’s biggest fortunes
04/03/2014
Discretionary managers to merge
The deal to combine the two firms has been granted regulatory approval and will go through on April 30.
04/03/2014
Ruffer Reports Negative Total Return
Ruffer Investment Company Ltd Wednesday reported a negative total return between the start of January and the end of March.
04/02/2014
Wealthy Migrants Boosting London's Economy Through Investor Visa Programme
This visa route is a positive step by the government Read more: http://www.digitaljournal.com/pr/1826594#ixzz2xjJhOGEy
04/02/2014
Banco Santander Said to Buy BNP’s Private Bank Unit in Miami
Banco Santander SA, Spain’s biggest bank, bought the private banking unit of BNP Paribas SA in Miami to help to win more business from wealthy Latin American clients
04/01/2014
Banks' Expectations Are High for Wealth Management
Bank executives are kicking their wealth management businesses into high gear.
04/01/2014
Charles Stanley's Cardiff office opens it doors
The company hired a team from Barclays Wealth at the end of last year and the new office will be headed by Andrew Stansfield.
04/01/2014
Rathbone Brothers To Buy Jupiter Asset Mgmt.'s Private Client & Charity Opns.
The consideration would be received in cash and is subject to a minimum of 32 million pounds.
04/01/2014
Aberdeen completes £550m Swip acquisition and targets cost-savings
The acquisition, which creates a combined group with £324.5 billion in assets under management,
04/01/2014
Miton's AUM surge past £3bn, but profits dip
Miton saw its assets under management surge by 72% past the £3 billion mark in 2013 on the back of strong organic growth and the acquisition of PSigma.
04/01/2014
Wealth management firm completes £6.4m sale of Liverpool office
Wealth management firm has confirmed the sale of its Liverpool operation to Seneca Investment Managers.
04/01/2014
Blue-chip wealth management company eyes law firm acquisitions
The firm claims to be “radically” different from other financial firms by offering financial, investment, tax, accounting and legal expertise under one roof
04/01/2014
'Shanghai's Hutchison Whampoa' acquires 19.2% of German Private Bank
The investment was done by injecting about €98.5 million ($135.7 million)
04/01/2014
JPMorgan Tackles European Unemployment with $30m Jobs Scheme
Banking giant JPMorgan plans to help tackle unemployment in the UK and Europe with a $30m jobs scheme which will investigate how to get more people into work.